By Adriano Marchese
Thomson Reuters reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products.
The Canadian news and information conglomerate on Tuesday posted net income $423 million, or 94 cents a share, up from $301 million, or 67 cents a share, in the comparable quarter a year ago.
Adjusted earnings were 85 cents a share. According to FactSet, analysts were expecting 83 cents a share.
Revenues for the quarter rose 3% to $1.78 billion, in-line with consensus expectations. The rise in the period was thanks to a 3% growth in recurring revenues, which comprises 83% of the total, and a 12% growth in transactions revenues. Its global print segment saw a 4% decline.
Chief Executive Steve Hasker credits the quarter's performance to its agentic AI solutions--referring to AI software--and its product pipeline products such as CoCounsel Legal and CoCounsel for tax, audit and accounting.
The company's three largest segments--known as the Big 3 and making up 82% of total revenue--reported organic revenue growth of 9%.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 04, 2025 07:06 ET (12:06 GMT)
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