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.
Overview of Thomson Reuters Corporation
Thomson Reuters Corporation (TRI) is a global content and technology powerhouse that provides trusted intelligence, specialized software, and innovative solutions to professionals across legal, tax, accounting, compliance, government, and media sectors. With a rich history that began over a century ago and was solidified by the 2008 megamerger between Canada’s Thomson and the United Kingdom’s Reuters Group, the company has built a reputation for delivering reliable content, actionable insights, and advanced technological platforms. In today’s complex regulatory and commercial environment, Thomson Reuters empowers its diverse clientele by offering products that combine deep analytical expertise with the latest in digital and AI-driven technology.
Core Business Segments and Offerings
The operational framework of Thomson Reuters is anchored by three primary segments:
- Legal Professionals: Serving the legal community with cutting-edge research tools, case law databases, and practice management solutions, this segment underscores the company's commitment to rigorous, evidence-based information. Legal professionals rely on detailed legal analytics and data-driven insights that help streamline case preparation and evidence evaluation.
- Tax, Accounting, and Corporate Services: This segment offers an integrated suite of products that cater to tax, accounting, and financial compliance departments. With specialized software that simplifies complex regulatory requirements and automates labor-intensive workflows, the company enhances operational efficiency and improves decision-making across corporate environments.
- Reuters News and Media: As part of its diversified portfolio, the Reuters news business continues to be a key source of trusted journalism and up-to-date global news. This division provides comprehensive coverage that journalists, analysts, and investors worldwide rely on for accurate and timely information.
Technology, Innovation, and Trust
At the core of Thomson Reuters’ value proposition is the synthesis of trusted content and technology. The company integrates advanced platforms—including AI-enabled solutions and sophisticated analytics tools—into its product offerings. These technologies not only facilitate accurate research and compliance tracking but also enable professionals to make informed, data-backed decisions in environments marked by fast-paced change. By continuously investing in technology, including generative AI tools designed for specialized markets, the company reinforces its role as a pivotal player in transforming professional work practices.
Market Position and Competitive Landscape
Thomson Reuters occupies a unique niche in a competitive market that values both historical reliability and forward-thinking innovation. Its longevity in the marketplace is rooted in a clear commitment to quality journalism, real-time intelligence, and precision in legal and financial data services. The company’s diversified revenue model—spanning subscription services, licensing agreements, and software solutions—ensures a stable foothold across multiple market segments. Despite the presence of other service providers in the legal and financial sectors, Thomson Reuters differentiates itself through a holistic approach that blends deeply researched content with state-of-the-art technology.
Operational Excellence and Business Model
The company’s business model is built on long-term relationships with its customers and a focus on delivering ongoing value through recurring revenues. Its integrated suite of products and services provides a seamless experience that addresses the intricate demands of professionals tasked with navigating regulatory complexity, managing global risks, and delivering justice. Thomson Reuters is known for its rigorous editorial standards and the consistent application of advanced risk analytics and intellectual property management, making it a trusted ally in markets where precision and reliability are paramount.
Commitment to Expertise and Integrity
Thomson Reuters’ commitment to expertise and integrity is evident in every facet of its operations. The company’s products and services are underpinned by decades of industry experience, a robust editorial process, and a proactive approach to technological innovation. Its reputation for trustworthiness is further bolstered by a strong emphasis on compliance, accuracy, and customer-centric solutions. This focus makes it an indispensable resource not only for legal, tax, and accounting professionals but also for institutions seeking to make complex decisions with a clear understanding of the risks and opportunities inherent in today’s global marketplace.
Conclusion
In summary, Thomson Reuters Corporation stands as a beacon of trusted intelligence and content-driven technology. By marrying an enduring legacy of quality journalism with innovative digital solutions, the company continues to meet the evolving needs of a broad spectrum of professionals. Its strategic focus on product integration, advanced analytics, and customer-focused service ensures that it remains at the forefront of transforming how professionals access and utilize information to make informed decisions.
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.
Thomson Reuters (TSX/NYSE: TRI) has launched its AI for Justice Legal Aid program, featuring the Legal Innovators Incubator and subsidized pricing for legal nonprofits. The inaugural incubator class includes The Innocence Center, National Center for Missing and Exploited Children, and Lawyers Alliance for New York. Participants receive free access to CoCounsel, Thomson Reuters' GenAI legal assistant, for one year. The company also announced an AI Policy Consortium for Law and Courts in partnership with the National Center for State Courts (NCSC). Additionally, Thomson Reuters is developing custom GenAI applications for courts, with projects underway at the Massachusetts Court of Appeals and Pennsylvania courts.
Thomson Reuters (TSX/NYSE: TRI) has acquired Materia, a US-based startup specializing in agentic AI for the tax, audit, and accounting profession. This acquisition aligns with Thomson Reuters' AI roadmap and accelerates its vision to provide generative AI tools to professionals. Materia's AI assistant automates research and workflows, enhancing efficiency and value for accountants.
David Wong, Chief Product Officer at Thomson Reuters, emphasized the goal of providing each professional with a Gen AI assistant. The integration of Materia is expected to transform work and unify customer experience across Thomson Reuters' tax, audit, and accounting portfolio. Kevin Merlini, CEO of Materia, highlighted the potential to eliminate tedious tasks and increase focus on higher-value advisory work.
Thomson Reuters Ventures, an early investor in Materia, led a successful proof-of-concept initiative with select Checkpoint Edge users, demonstrating the potential value of combining Materia's AI capabilities with Thomson Reuters' content and solutions.
Thomson Reuters (TSX/NYSE: TRI) has announced a definitive agreement to sell its FindLaw business to Internet Brands, pending regulatory approvals. The transaction is expected to close in the fourth quarter of 2024. FindLaw, established over 20 years ago, is a premier destination for legal assistance and a key marketing platform for law firms.
Internet Brands, a fully integrated online media and software services company, operates digital platforms in high-value vertical categories, including Health and Legal. This sale will allow both Thomson Reuters and Internet Brands to focus on their strategic priorities, while ensuring continued top-tier service for FindLaw customers.
Centerview Partners served as financial advisor to Thomson Reuters for this transaction.
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