Thomson Reuters reaffirms 2025 financial forecasts amid economic turmoil

By Kenneth Li

(Reuters) - Thomson Reuters (NYSE:TRI) on Thursday reaffirmed 2025 financial guidance amid tariff-induced global economic turmoil that has led some companies to revise or scrap forecasts altogether.

The Toronto-based content and technology company reported quarterly revenue rising 1% to $1.9 billion, slightly below analyst expectations of $1.93 billion, according to LSEG data.

Organic revenue, which strips out the impact of currency moves, acquisitions and asset sales, rose 6%.

"We have delivered an encouraging start to 2025, underscored by a good financial performance and reaffirmed outlook, building on the momentum of the past year," Steve Hasker, CEO of Thomson Reuters, said in a prepared statement.

The company, which owns the Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service, reported adjusted earnings per share of $1.12. Wall Street expected a profit of $1.05 per share.

Shares of Thomson Reuters, which have risen 15% since the beginning of the year, have outpaced the S&P 500 index, which has fallen 5% over the same period.

Organic revenue for the company’s "Big 3" business segments, comprising its legal, corporates and tax and accounting businesses, rose 9% in the first quarter.

Revenue at constant currencies in the legal professionals business fell 3% due to the impact of the sale of legal marketing business Findlaw. Revenue in the tax and accounting division rose 12%, boosted by the purchase of SafeSend. 

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Reuters News revenue fell 7% after benefiting from non-recurring generative AI licensing revenue a year ago. 

Second-quarter company-wide organic revenue is expected to pick up from the first quarter and rise 7%. The company reaffirmed its forecast for full-year organic revenue to increase by 7% to 7.5%.

Thomson Reuters purchased tax automation company cPaperless, LLC, owner of SafeSend, for $600 million in cash in the first quarter. 

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