Thomson Reuters, the parent of the Reuters news service, reported fourth quarter operating earnings increased 29% on Thursday and disclosed the performance of the news operation.
Reuters News saw fourth quarter revenues of $218 million, a decrease of 1% (decreased 3% organic) from $220 million and included a positive impact from acquisitions.
The organic revenue decline primarily reflected generative artificial-intelligence related content licensing revenue included in the prior-year period that was largely transactional in nature, which was partially offset by higher agency revenues and a contractual price increase from its news agreement with the Data & Analytics business of LSEG.
For the year, revenues rose 6% to $832 million for Reuters News.
Adjusted earnings before interest taxes depreciation and amortization for the quarter for Reuters News decreased 26% to $45 million from $61 million primarily due to lower transactions revenues and higher costs, including editorial coverage of key global events in the quarter.
For the year, Reuters news reported adjusted earnings of $196 million, up 14% from $172 million in the previous year.
See the full earnings here.
