Shares of Clarivate Plc (CLVT) surged 5.77% in pre-market trading on Wednesday following the company's strong third-quarter results and improved full-year revenue guidance. The intellectual property and analytics firm reported better-than-expected earnings and revenue for Q3 2025, demonstrating resilience in its subscription-based business model.

Clarivate announced Q3 adjusted earnings of $0.18 per diluted share, surpassing the FactSet analyst consensus estimate of $0.16. While this represents a slight decrease from $0.19 per share in the same period last year, it still outperformed market expectations. The company's revenue for the quarter ended September 30 reached $623.1 million, up from $622.2 million a year earlier and significantly beating the analyst forecast of $570.3 million.

In a move that further bolstered investor confidence, Clarivate raised its full-year 2025 revenue guidance to a range of $2.42 billion to $2.45 billion, up from its previous outlook of $2.28 billion to $2.4 billion. This new projection exceeds the FactSet analyst consensus of $2.39 billion. The company attributed its improved financial performance to its Value Creation Plan, which focuses on product development and AI integration. Additionally, Clarivate reported an 800 basis point improvement in recurring revenue mix to 88%, underscoring the strength of its subscription-based model. Despite the positive revenue outlook, the company maintained its 2025 adjusted diluted EPS forecast at $0.60 to $0.70, in line with analyst expectations.