(Reuters) -Thomson Reuters reported higher revenue for the third quarter on Tuesday, boosted by investments in artificial intelligence products in its legal and tax and accounting divisions.
The Toronto-based content and technology company reaffirmed its full year 2025 guidance of a 7% to 7.5% rise in organic revenue, which tracks income from existing businesses on a constant currency basis.
“Our third-quarter results reflect continued momentum and the ongoing execution of our AI-driven innovation strategy,” Thomson Reuters Chief Executive Steve Hasker said in a statement after the results were released.
The owner of Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service reported third-quarter adjusted earnings per share of 85 cents, exceeding Wall Street expectations, according to LSEG data.
Revenue rose 3% to $1.78 billion, meeting expectations.
Up to Monday’s market close, Thomson Reuters shares have fallen about 5.4% this year, underperforming the 16.5% rise in the S&P 500 index, which has been boosted by increases in AI-heavy big tech stocks.
(Reporting by Kenneth Li in New York; Editing by Alexander Smith)
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