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MarkMonitor parent Clarivate reports earnings

Acquisitions boost top line.

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Clarivate (NYSE: CCC), the parent company of brand protection domain name registrar MarkMonitor, reported Q3 earnings this morning.

The company reported stellar growth over the same period of 2019 thanks to two acquisitions.

Q3 revenue came in at $284.4 million, up 17.0% from Q3 of 2019.

But that includes revenue from Decision Resources Group, which Clarivate acquired at the end of February 2020, and Darts-ip, which it acquired in November 2019. And the comparison number omits the revenue from its divested MarkMonitor Brand Protection, Antipiracy, and Antifraud products, which are separate from the brand protection registrar.

Taking out the acquisitions paints a different picture.  Organic subscription revenues increased $7.1 million, or 3.5% on a constant currency basis, compared to the third quarter of 2019, but organic transactional revenues decreased $6.8 million, or 16.2% on a constant currency basis.

The company credits new business and price increases for the subscription revenue increase and blames Covid-19 for the transactional revenue drop.

Clarivate posted a net loss of $37.2 million for the quarter, which it attributes to higher amortization and acquisition-related costs.

Shares in Clarivate are down about 4% at 11 am EDT today, but investors might be forgiving: shares have doubled in price over the past year.

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