Thomson Reuters says 2025 organic revenue growth could top 2024 (updated)

Thomson Reuters

06/02/2025 12:48

* 
      Q4 revenue up 5% to $1.909 bln vs forecast $1.907 bln
    

        * 
      Q4 adjusted EPS $1.01 vs forecast 96 cents
    

        * 
      Sees 2025 organic revenue rising 7%-7.5% vs 7% in 2024
    

  
 (Adds details on M&A spending and background throughout)
       Feb 6 (Reuters) - Thomson Reuters  TRI.TO  reported on
Thursday higher fourth-quarter revenue and issued 2025 organic
revenue growth targets that could exceed the rate in 2024.
    The Toronto-based content and technology company reported
quarterly revenue rising 5% to $1.909 billion, slightly ahead of
analyst expectations of $1.907 billion, according to LSEG data.
    "2024 marked important progress at Thomson Reuters," said
CEO Steve Hasker in a prepared statement. "Looking ahead to
2025, we continue to focus on investing in content-driven
technology that helps professionals make complex decisions with
confidence."
    Thomson Reuters, which owns the Westlaw legal database,
Reuters news agency and the Checkpoint tax and accounting
service, spent more than $200 million on AI investments in 2024
and expects to continue at that pace in 2025, executives said.
    Overall, the company has said it has about $10 billion to
spend on potential acquisitions through 2027.
    The company reported fourth-quarter adjusted earnings per
share of $1.01. Wall Street expected a profit per share of 96
cents. 
    Operating profit rose 29% to $722 million, boosted by the
sale of FindLaw. 
    Thomson Reuters said it expected organic revenue to rise by
7% to 7.5% in 2025 and 7.5% to 8% in 2026. That compares with 7%
growth in 2024. Organic revenue is reported on a constant
currency basis and excludes the impact of acquisitions and asset
sales.
    The company raised its annualized dividend per share by
10%. 
    In the fourth quarter, Thomson Reuters said it acquired
Materia, a startup that develops AI agents for the tax and
accounting sector.
    In the first quarter of this year, it purchased cPaperless,
LLC, owner of SafeSend, a provider of technology for tax and
accounting business, for $600 million in cash. 

 (Reporting by Kenneth Li in New York. Editing by Mark Potter)
 ((k.li@thomsonreuters.com))