Thomson Reuters, the parent of the Reuters news service, reported higher fourth quarter revenue on Thursday, boosted by its legal, tax and accounting and corporates businesses, reports Kenneth Li of Reuters.
Li reports, “The Reuters news division’s organic revenue increased by 5%, boosted by content licensing revenue deals.
“‘Results look broadly in-line. However, without a solid beat, the market will likely remain anxious given the current environment,’ said Rob Hales, an analyst at Morningstar. ‘The customer relationships, data assets, and balance sheet are there – now it’s about execution and how fast they adapt.’
Chief Financial Officer Michael Eastwood said that the contribution of generative AI-enhanced products has continued to rise since Thomson Reuters began tracking it in 2024.
Generative AI is now responsible for about 28% of the group’s underlying contract value, which breaks down a contract’s total value, compared with 24% in the last quarter, Eastwood said in an interview.
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