Overview
- Thomson Reuters reported second-quarter revenue of $1.95 billion and adjusted EPS of $0.99, topping analyst estimates and prompting a raise to about 8% for full-year organic revenue.
- Revenue growth was driven by its largest businesses—legal, corporates, and tax and accounting—which continued to deliver steady subscription and product sales.
- In July the company agreed to sell 51% of its Global Print business to KKR to form a joint venture that will focus on digital products and what it calls fiduciary-grade AI, a form of AI designed for verifiable, auditable outputs for regulated work.
- Thomson Reuters plans to begin offering clients access to a proprietary large language model trained on its Westlaw, Practical Law, Checkpoint and Reuters content over the summer to support legal and professional workflows.
- Despite operational momentum, the stock remains under pressure as investors weigh the risk that new AI entrants could disrupt pricing and content licensing, making near-term market sentiment the main headwind to valuation.