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Axsome: Q3 Earnings Snapshot – WTOP News
Recurring sales and AI upgrades lifted revenue across Thomson Reuters’ core businesses, while Reuters licensing revenue jumped 12%, the company said.
- On Tuesday, Thomson Reuters Corp. reported third-quarter revenue rose 10 per cent to $1.83 billion, though net profit declined to $339 million from $423 million a year earlier.
- Recurring business across the company's combined "Big 3" segments of legal, tax and accounting, and corporates drove revenue growth, aided by new AI upgrades to CoCounsel Legal and CoCounsel Tax.
- Reuters news revenue increased 12 per cent, bolstered by a surge in generative AI licensing, with transaction revenue in the news division jumping 56 per cent to US$44-million.
- On Oct. 1, the company completed the sale of a 51 per cent stake in its global print business to investment firm KKR for US$500 million, now operating as Westbridge Print.
- The Toronto-based company raised its full-year 2026 organic revenue guidance to between 8.5 per cent and 9.0 per cent, though AI spending pressured legal division margins to 46.6 per cent from 49 per cent.
Insights by Ground AI
83 Articles
83 Articles
Coverage Details
Total News Sources83
Leaning Left18Leaning Right10Center27Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 33%
C 49%
R 18%
Factuality
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