Thomson Reuters Q3 Earnings: Legal, Corporate Segments Enjoy Revenue Boost As CEO Highlights AI Investment

Thomson Reuters Corp (NYSE: TRI) reported fiscal third-quarter 2024 revenue growth of 8% year-on-year to $1.72 billion, beating the analyst consensus estimate of $1.71 billion. 

The business information services provider’s adjusted EPS of 80 cents beat the analyst consensus estimate of 77 cents. The stock price climbed after the print.

Organic revenues increased by 7%, driven by 8% growth in recurring revenues (84% of total revenues). 

The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 81% of total revenues and reported organic revenue growth of 9%. Here’s a ...