Welcome to our dedicated page for Thomson Reuters news (Ticker: TRI), a resource for investors and traders seeking the latest updates and insights on Thomson Reuters stock.
Thomson Reuters reports developments across its content, software and technology businesses for legal, tax, audit, accounting, compliance, government and media professionals. Company news commonly covers results for its Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments, including recurring revenue trends, transaction revenue, Global Print, adjusted EBITDA, free cash flow and outlook updates.
Updates also cover products and partnerships tied to Westlaw, CoCounsel and Reuters News, along with capital actions such as dividends, share repurchases, returns of capital and share consolidation transactions. TRI news may also include investor conference appearances and shareholder voting or court approvals for corporate arrangements.
Thomson Reuters (TSX/NYSE: TRI) has announced exchange offers for all validly tendered notes of Thomson Reuters (TRC) for new notes to be issued by TR Finance , its indirect U.S. subsidiary. The new notes will maintain the same interest rates, payment dates, maturity dates, and optional redemption dates as the old notes.
The exchange offers cover five series of notes with aggregate principal amounts ranging from $119,045,000 to $500,000,000, including 3.350% Notes due 2026, 5.850% Notes due 2040, 4.500% Notes due 2043, 5.650% Notes due 2043, and 5.500% Debentures due 2035.
Holders who tender notes before the Early Tender Time (February 25, 2025) will receive $1,000 principal amount of new notes plus a $2.50 cash consent fee. Those tendering after the Early Tender Time but before the Expiration Time (March 17, 2025) will receive $970 principal amount of new notes without the consent fee.
Thomson Reuters (NYSE/TSX: TRI) has announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. This new fund builds upon the success of its first $100 million fund launched in 2021. Operating as Thomson Reuters Ventures, Fund 2 will target Series A investments in early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.
The first fund has already made 23 investments, including Materia, an agentic AI company that was later acquired by Thomson Reuters. The new fund will maintain a focus on financial discipline and companies developing technologies addressing professional challenges, particularly in Gen AI applications. The initiative is part of Thomson Reuters' 'Build, Partner, Buy' strategy, aiming to strengthen its leadership position in professional technology solutions.
Thomson Reuters (TSX/NYSE: TRI) reported strong Q4 and full-year 2024 results, with total company and organic revenues up 7% for the full year and 5% for Q4. The company's 'Big 3' segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) showed organic revenue growth of 8% in Q4.
Q4 highlights include: operating profit increased 29% to $722 million, adjusted EBITDA grew 2% to $718 million, and diluted EPS decreased to $1.30 from $1.49. The company increased its annualized dividend by 10%, marking the 32nd consecutive annual increase.
For 2025, Thomson Reuters anticipates organic revenue growth of 7.0-7.5% and an adjusted EBITDA margin of approximately 39%. The company acquired SafeSend for $600 million in January 2025 to expand tax automation capabilities. The updated 2026 financial framework targets 7.5-8.0% organic revenue growth and 50+ basis points of adjusted EBITDA margin expansion.
Thomson Reuters (TSX/NYSE: TRI) has announced it will release its fourth-quarter and full-year 2024 earnings report on Thursday, February 6, 2025. The company will host a conference call and simultaneous webcast at 8:00 a.m. EST on the same day. The event will be led by Steve Hasker, president and CEO, and Mike Eastwood, CFO, who will discuss the financial results.
Thomson Reuters (NYSE/TSX: TRI) has acquired SafeSend for $600 million in cash. SafeSend is a US-based cloud-native technology provider for tax and accounting professionals that automates the 'last-mile' of tax returns, including assembly, review, taxpayer e-signature, and delivery. The company serves 70% of the top 500 US accounting firms and has 235 employees.
SafeSend is projected to generate approximately $60 million in revenue in 2025 and is expected to grow over 25% annually in the coming years. The acquisition aligns with Thomson Reuters' vision to advance efficiency in tax workflows and will continue to support interoperability with multiple vendors across the tax software ecosystem.
Thomson Reuters (TSX/NYSE: TRI) announced that W. Edmund Clark will complete his 10-year service on the company's Board of Directors at the 2025 Annual General Meeting (AGM). Clark, who has served as a representative of principal shareholder Woodbridge since 2015, chaired the Human Resources Committee and served on the Corporate Governance Committee.
Woodbridge and Thomson Reuters are working to identify two new director candidates to serve as Woodbridge representatives for nomination at the AGM. The announcement includes an early warning disclosure regarding Woodbridge and Thomson Investments 's ownership of Thomson Reuters shares, with TIL beneficially owning 69.7% (313,465,179 shares) and Woodbridge owning 66.8% (300,508,139 shares) of outstanding common shares.
Thomson Reuters (NYSE/TSX: TRI) has been recognized as a Leader in two IDC MarketScape reports for 2024: SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise, and Value-Added Tax Management Applications. The company's ONESOURCE platform serves over 205 countries and territories, providing comprehensive tax compliance solutions with automated tax return preparation and filing capabilities.
The platform features edge computing for enhanced tax calculations and has recently integrated CoCounsel, a generative AI assistant. Thomson Reuters' subsidiary, Pagero, was also named a Leader in European Compliant e-Invoicing 2024 Vendor Assessment, strengthening the company's position in global tax automation solutions.
Thomson Reuters (TSX/NYSE: TRI) announced testing a custom version of their CoCounsel GenAI assistant built on OpenAI's o1-mini model. The custom model, developed in collaboration with OpenAI, leverages 'chain of thought' reasoning for enhanced analytical capabilities. CoCounsel, which saw a 1,400% increase in users in less than a year, is implementing a multi-model strategy, testing LLMs from various providers including Anthropic's Claude 3.5 and Google's Gemini 1.5 Pro. The company is also training its own models following the acquisition of Safe Sign Technologies and partnering with AWS and Microsoft for infrastructure and integration support.
Thomson Reuters (TSX/NYSE: TRI) announced its participation in the upcoming JP Morgan Ultimate Services Investor Conference. Steve Hasker, president and CEO, and Mike Eastwood, CFO, will deliver a presentation on Thursday, November 14, 2024, at 3:10 p.m. ET.
Thomson Reuters reported strong Q3 2024 results with total revenues up 8% and organic revenues up 7%. The company's 'Big 3' segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) showed 9% organic growth. Revenue growth was driven by 8% increase in recurring revenues and 12% growth in transactions revenues. However, operating profit decreased 6% and adjusted EBITDA declined 4% due to higher costs and investments. The company raised its full-year organic revenue growth outlook to approximately 7% and 'Big 3' segments outlook to approximately 8.5%. Notable investments include over $200 million in AI initiatives and strategic acquisitions of Safe Sign Technologies and Materia.