Thomson Reuters Forecasts Strong Growth Driven by AI Investments and Acquisitions

Thomson Reuters Stock: AI Adoption And Growth Acceleration Make Me Optimisic (TSX:TRI:CA)

AI-enabled products are driving growth, with Westlaw Precision adoption rising to 43% in 4Q24, indicating significant enterprise adoption and future growth potential. Investment action I recommended a buy rating for Thomson Reuters (TSX:TRI:CA) (NYSE:TRI) when I wrote about it on 7th November 2024, as the organic growth outlook was solid, and I truly believed TRI could continue sustaining high single-digit I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuation Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Thomson Reuters says 2025 organic revenue growth could top 2024

Feb 6 (Reuters) - Thomson Reuters (TRI.TO), opens new tab 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 Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence

Thomson Reuters projects 7% to 7.5% organic revenue growth for 2025 amid AI expansion (NYSE:TRI)

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