Reuters news operation, a division of Thomson Reuters, reported a 7% decline in first quarter revenue to $196 million from $200 million in the same quarter of 2024.
EBITDA earnings fell to $39 million in the first three months after the year after earnings totaled $60 million in the same quarter a year ago.
The company said the revenue decline primarily reflected generative artificial intelligence-related content licensing revenue included in the prior-year period that was largely transactional in nature, partially offset by higher agency revenues and a contractual price increase from its news agreement with the data & analytics business of LSEG.
The operating margin for the business decreased to 20% from 28.3% primarily due to lower transactions revenues.
See all of the earnings results here.
