• Thomson Reuters reported a 10% rise in first-quarter revenue to $2.09 billion, beating estimates of $2.04 billion.
  • Adjusted earnings per share came in at $1.23, above the forecast of $1.20.
  • Generative AI accounted for about 30% of the company’s underlying contract value in the first quarter.
  • Shares rose 2.3% in premarket trading despite a nearly 30% decline this year.
  • CEO Steve Hasker highlighted ‘fiduciary-grade AI’ as a key advantage for professionals like lawyers and accountants.
  • Reuters revenue rose 7% driven by higher agency revenue and business with LSEG.

Sources & Links