Question · Q3 2025
Cole (on behalf of Surinder Thind) from Jefferies asked about the impact of transactional revenues and inorganic disposals on Clarivate's results and guidance, specifically seeking an update on the timeline expectations for the remaining headwind from disposals in the upcoming year.
Answer
Jonathan Collins, EVP and CFO, explained that the improved top-line outlook (up $50 million) was primarily due to disposals attriting slower than expected, including large Q3 transactions. He clarified that of the $200 million in disposals, approximately $90 million would occur this year, with a little over $100 million expected next year. He also noted that a weaker U.S. dollar and higher recurring organic growth contributed to the raised full-year guidance.