Thomson Reuters Reports 10% Revenue Growth and Raises Full-Year Organic Revenue Guidance
Thomson Reuters (TRI) reported strong third-quarter results for 2026, with total revenues reaching $1.8 billion, a 10% increase driven by robust performance across its 'Big 3' segments and the Reuters division. The company saw significant momentum in generative AI adoption, with GenAI-enabled Annual Contract Value (ACV) rising to 34% of products. Notably, CoCounsel NextGen experienced rapid user growth, increasing its active user base by over 60% in September alone. Despite a slight decline in adjusted EBITDA margin due to $22 million in severance expenses related to operational restructuring, the company raised its full-year organic revenue guidance to 8.5%-9%. Financial stability was further bolstered by $500 million in proceeds from the sale of a 51% stake in Global Print to KKR. Management remains optimistic about future margins, projecting Q4 adjusted EBITDA margins of approximately 42% as operational efficiencies are realized.
Tickers: $TRI
Topics: adjusted EBITDA generative AI legal technology revenue growth severance expenses
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