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Clarivate Reports Third Quarter 2021 Results -Reaffirms outlook for 2021- Extends $ 250 million share repurchase program through January 31 , 2022- London , UK -- October 28 , 2021 - Clarivate Plc ( NYSE : CLVT ) ( the " Company " or " Clarivate " ) , a global leader in providing trusted information and insights to accelerate the pace of innovation , today reported results for the third quarter ended September 30 , 2021 . • Third Quarter 2021 Financial Highlights • • Revenues of $ 442.1 million and Adjusted Revenues ( ¹ ) of $ 442.2 million , increased 55 % and 54 % , respectively , at constant currency Organic revenues ( ¹ ) , which exclude the impact of acquisitions and divestitures , increased 3 % , at constant currency Net income of $ 0.9 million improved 100 % ; Net income per diluted share of $ 0.00 improved $ 0.47 Adjusted Net Income ( 1 ) of $ 113.6 million increased 94 % ; Adjusted Income per diluted share ( ¹ ) ( EPS ) of $ 0.16 increased 14 % or $ 0.02 . Adjusted EPS impacted by 72 % increase in weighted average ordinary shares outstanding primarily driven by the acquisition of CPA Global and the June 2021 ordinary share and mandatory convertible preferred share offering to finance a portion of the purchase price for the pending acquisition of ProQuest Adjusted EBITDA of $ 190.0 million increased 76 % and Adjusted EBITDA Margin ( ¹ ) of 43 % increased 520 basis points Nine Months Ended September 30 , 2021 Financial Highlights • . . Revenues of $ 1,316.2 million and Adjusted Revenues ( 1 ) of $ 1,320.7 million increased 62 % and 61 % , respectively , at constant currency Organic revenues ( ¹ ) , which exclude the impact of acquisitions and divestitures , increased 5 % , at constant currency Net loss of $ 105.3 million improved 69 % ; Net loss per diluted share of $ ( 0.17 ) improved $ 0.74 Adjusted Net Income ( ¹ ) of $ 312.0 million increased 103 % ; Adjusted Income per diluted share ( ¹ ) ( EPS ) of $ 0.48 increased 23 % or $ 0.09 Adjusted EBITDA of $ 543.8 million increased 90 % and Adjusted EBITDA Margin ( ¹ ) of 41 % increased 560 basis points Cash Flow from Operations increased $ 177.5 million to $ 305.5 million ; Adjusted Free Cash Flow ( 1 ) increased $ 187.1 million to $ 315.6 million " Clarivate delivered improved year over year results in the third quarter and we remain on track for a strong fourth quarter including organic revenue growth towards the upper - end of our 6 % to 8 % target with Adjusted 1 Represents a Non - GAAP measure . Please see " Reconciliation to Certain Non - GAAP measures " in this earnings release for important disclosures and reconciliations of these financial measures to the most directly comparable GAAP measure . These terms are defined elsewhere in this earnings press release . 1