Shares of Clarivate Plc (CLVT) plummeted 5.49% in Wednesday's trading session, despite the company reporting better-than-expected third-quarter revenue and raising its full-year guidance. The stark contrast between the positive earnings report and the negative stock performance suggests that investors may be focusing on underlying concerns in the company's financial health.

Clarivate reported Q3 revenue of $623.1 million, slightly up from $622.2 million in the same period last year and surpassing analysts' expectations of $568.3 million. The company also raised its 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. However, adjusted earnings per share fell to $0.18 from $0.19 a year earlier, although this still beat the FactSet consensus estimate of $0.15.

Despite these seemingly positive results, investors appear to be concerned about Clarivate's persistent net losses. The company reported a net loss of $28.3 million for the third quarter of 2025, an improvement from the $65.6 million loss in the same quarter of 2024, but still indicating ongoing profitability challenges. For the nine months ended September 30, 2025, the net loss stood at $204.2 million, or $0.30 per diluted share. The market's negative reaction suggests that investors may be growing impatient with the company's path to sustainable profitability, overshadowing the revenue gains and improved guidance.