MarkMonitor's parent Clarivate slashes its revenue guidance this year due to COVID19

Digital Pandit

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Company will slash costs this year to keep earnings on track.

Clarivate Analytics (NYSE: CCC), parent company of MarkMonitor’s domain name business, released earnings today.

Revenues were up 2.8% year-over-year for the first quarter of 2020, coming in at $240.6 million. The company had a net loss of $74.0 million but its Adjusted EBITDA number climbed 32.% year-over-year to $78.2 million.

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