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Thomson Reuters revenue rises 10% as AI investment remains in focus

Thomson Reuters offices at 19 Duncan Street in Toronto.

The company reported US$1.833 billion in quarterly revenue while updating its outlook after the separation of its Global Print business.

Thomson Reuters reported a 10% increase in third-quarter revenue to US$1.833 billion, compared with $1.658 billion a year earlier. Adjusted EPS rose to 81 cents from 71 cents.

Operating profit fell 22% to $402 million. That decline reflects a prior-year gain on an investment sale, so it should not be read simply as a deterioration in the current operating business. The company distinguishes reported measures from adjusted, non-IFRS measures.

Its professional segments collectively delivered 10% organic revenue growth. Reuters said investors remained focused on AI investment costs and whether products such as CoCounsel can generate durable recurring revenue.

The updated outlook excludes Global Print after the sale of a 51% stake; it therefore covers a different continuing-business base and is not a like-for-like acceleration claim.

Sources: Thomson Reuters results; Reuters.

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