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Thomson Reuters Lifts Full-Year Revenue Forecast with Focus on AI Rollout
The company said 32% of underlying contract value relied on generative AI as it broadened use of its proprietary model across legal and tax products.
- On Wednesday, Thomson Reuters raised its full-year organic revenue forecast to around 8% after reporting second-quarter revenue of $1.95 billion, exceeding analyst estimates of about $1.9 billion.
- Shares struggled this year following concerns that AI newcomers like Anthropic could disrupt professional services; strong results now suggest customers continue relying on Thomson Reuters' core products.
- CEO Steve Hasker noted that proprietary large language model 'Thomson' performed well against frontier models, driving momentum alongside growing adoption of AI-powered offerings like CoCounsel Legal.
- The company recently formed a joint venture with KKR to offload 51 per cent of its global print business, sharpening focus on 'fiduciary-grade AI' and digital-first professional solutions.
- Hasker intends to develop sovereign AI solutions for sophisticated customers, leveraging proprietary data to gain scalability and speed advantages while powering existing products like Westlaw and CoCounsel.
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17 Articles
17 Articles
Thomson Reuters lifts full-year revenue forecast with focus on AI rollout
·London, United Kingdom
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
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