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Yahoo
02-05-2025
- Business
- Yahoo
Thomson Reuters Corp (TRI) Q1 2025 Earnings Call Highlights: Strong Organic Growth and ...
Organic Revenue Growth: 6% overall, with the Big 3 segments growing by 9%. Adjusted EBITDA: $809 million, with a 40 basis point margin decline to 42.3%. Legal Professionals Organic Revenue Growth: 8%. Corporates Organic Revenue Growth: 9%. Tax & Accounting Organic Revenue Growth: 11%. Reuters News Organic Revenue Decline: 7%. Global Print Organic Revenue Decline: 5%. Adjusted EPS: $1.12, compared to $1.11 in the prior year period. Free Cash Flow: $277 million, up 3% from the prior year period. Dividend Increase: 10% to $2.38 per share. Acquisition: SafeSend for $600 million. Release Date: May 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Thomson Reuters Corp (NASDAQ:TRI) reported a strong start to 2025 with total company organic revenues rising 6%, and the Big 3 segments growing by 9%. The company reaffirmed its full-year 2025 outlook, expecting organic growth in the range of 7% to 7.5%, with margins projected to rise by 75 basis points to approximately 39%. Key products such as CoCounsel, SurePrep, and SafeSend showed double-digit growth, contributing to the company's positive performance. Thomson Reuters Corp (NASDAQ:TRI) continues to invest heavily in innovation, launching new products like CoCounsel Tax, Audit and Accounting, and enhancing existing offerings with AI capabilities. The company completed the acquisition of SafeSend for $600 million, which is integrating smoothly and contributing positively to the business. Reuters News segment saw a 7% decline in organic revenues due to a difficult comparison with the previous year's AI-related transactional content licensing revenue. Global Print organic revenues declined by 5%, in line with expectations, reflecting ongoing challenges in this segment. Adjusted EBITDA was essentially unchanged year over year at $809 million, with a 40 basis point margin decline to 42.3%. The company faces potential challenges from economic uncertainties, including the impact of trade wars and tariff changes, which could affect customer spending patterns. Despite strong performance, there is a level of nervousness among customers regarding the economic backdrop for the rest of the year, which could impact future demand. Q: Have you seen any changes in demand or buying patterns due to the trade war? A: Steve Hasker, CEO, noted that they have not seen changes in demand yet. The business remains resilient with over 80% recurring revenues. However, there is a level of nervousness among customers about the economic backdrop and tariff implications. Michael Eastwood, CFO, added that their sales and renewal pipelines remain strong with consistent order values. Q: Are there any segments more vulnerable to a slowdown in buying? A: Michael Eastwood, CFO, stated that they do not foresee significant impacts on any segments. The transactional revenue, which is 12% of the total, is largely repeat business. Global Print, which is 7% of total revenue, has 45% governed by multiyear contracts. Reuters News' digital advertising and events are only about 1.5% of total revenue. Q: Can you elaborate on the growth potential of the CoCounsel Drafting product? A: Steve Hasker, CEO, emphasized that drafting is a critical task for legal professionals, and automating it offers significant efficiency and accuracy improvements. While he didn't provide a specific TAM, he highlighted the unique value of their proprietary content sets in creating accurate drafts. Q: How are you approaching GenAI monetization across different segments? A: Michael Eastwood, CFO, explained that they focus on pricing to value, maintaining enterprise-wide pricing rather than per seat. They are mindful of variable costs, including those associated with large language models, and are pleased with the overall pricing strategy. Q: What drives the acceleration in organic growth for the remainder of the year? A: Michael Eastwood, CFO, attributed the acceleration to strong net sales and bookings across the Big 3 segments. He highlighted the product roadmap and recent acquisitions as key factors supporting continued growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Reuters
02-04-2025
- Sport
- Reuters
LaLiga leads AI evolution with global outreach
April 2 Reuters News - Artificial intelligence isn't coming for football — in Spain, it's already laced up and part of the squad. "LaLiga has become an integral part of AI's DNA," might sound poetic, but according to Javier Gil — LaLiga's head of AI implementation and development — it's the other way around. "AI has become an integral part of LaLiga's DNA," Gil told Reuters by email, calling it a cornerstone of the league's strategy for years. "We deployed solutions based on predictive analysis and algorithms long ago," he said, crediting LaLiga president Javier Tebas as a "bold leader" who spotted the potential of generative AI early and established a dedicated department to embed it across the organisation. This isn't tech for tech's sake, Gil insisted. "It's about the significant value they bring to both LaLiga and the league," he said. And that value, he argued, goes far beyond tactics and transfer talk. "Generative AI has proven its ability to change not only the way we work, but also society itself," Gil said. "We have a great opportunity to connect with our fans in new ways and to reshape the entertainment industry." FROM PITCH TO PIXELS AI's influence in LaLiga now stretches from match analysis to media production. According to Gil, each match generates more than 3.5 million data points via a tracking camera system installed in every stadium. That data feeds club-level prep and fuels projects like "Beyond Stats" — an initiative with Microsoft that blends advanced analytics into live broadcasts. AI also automates real-time video content for digital platforms. "This is perhaps one of the reasons why LaLiga clubs are so competitive in European competitions," Gil said. And while the tech is evolving fast, even Gil can't predict what's next. "I don't know what the situation will look like in two years or even two months," he said. "Technological development will not stop... and we believe it is our responsibility to provide ongoing training for our employees to raise awareness of AI and encourage creativity among our teams." GLOBAL GAME, DIGITAL STAGE LaLiga's AI ambitions go well beyond Spain. The league is working with other federations and has set up a consultancy in Iraq, while its Dubai office — opened a decade ago — underscores its long-term interest in the Middle East and North Africa. Gil said the league remains "open to sharing knowledge and expertise with any league, institution, or federation" keen to build a shared understanding of tech's potential. Clubs like Sevilla, Atletico Madrid and Deportivo Alaves are also rolling out AI-driven experiences to engage fans, while LaLiga continues to team up with partners such as Microsoft and Sportian to push the frontier. And the U.S. is very much in their sights. Gil called it "a benchmark for innovation, responsibility, and inspiration" — a country from which LaLiga is keen to learn. Whether it's article writing, branding, campaign work or interactive experiences, the possibilities are multiplying. "We believe that sharing knowledge with other sports organisations in open discussions is not just a luxury," Gil said. "It's the only true way to continue learning and developing together."
Yahoo
02-04-2025
- Sport
- Yahoo
Soccer-LaLiga leads AI evolution with global outreach
By Ahmed El Khashab Reuters News - Artificial intelligence isn't coming for football — in Spain, it's already laced up and part of the squad. "LaLiga has become an integral part of AI's DNA," might sound poetic, but according to Javier Gil — LaLiga's head of AI implementation and development — it's the other way around. Advertisement "AI has become an integral part of LaLiga's DNA," Gil told Reuters by email, calling it a cornerstone of the league's strategy for years. "We deployed solutions based on predictive analysis and algorithms long ago," he said, crediting LaLiga president Javier Tebas as a "bold leader" who spotted the potential of generative AI early and established a dedicated department to embed it across the organisation. This isn't tech for tech's sake, Gil insisted. "It's about the significant value they bring to both LaLiga and the league," he said. And that value, he argued, goes far beyond tactics and transfer talk. Advertisement "Generative AI has proven its ability to change not only the way we work, but also society itself," Gil said. "We have a great opportunity to connect with our fans in new ways and to reshape the entertainment industry." FROM PITCH TO PIXELS AI's influence in LaLiga now stretches from match analysis to media production. According to Gil, each match generates more than 3.5 million data points via a tracking camera system installed in every stadium. That data feeds club-level prep and fuels projects like "Beyond Stats" — an initiative with Microsoft that blends advanced analytics into live broadcasts. Advertisement AI also automates real-time video content for digital platforms. "This is perhaps one of the reasons why LaLiga clubs are so competitive in European competitions," Gil said. And while the tech is evolving fast, even Gil can't predict what's next. "I don't know what the situation will look like in two years or even two months," he said. "Technological development will not stop... and we believe it is our responsibility to provide ongoing training for our employees to raise awareness of AI and encourage creativity among our teams." GLOBAL GAME, DIGITAL STAGE Advertisement LaLiga's AI ambitions go well beyond Spain. The league is working with other federations and has set up a consultancy in Iraq, while its Dubai office — opened a decade ago — underscores its long-term interest in the Middle East and North Africa. Gil said the league remains "open to sharing knowledge and expertise with any league, institution, or federation" keen to build a shared understanding of tech's potential. Clubs like Sevilla, Atletico Madrid and Deportivo Alaves are also rolling out AI-driven experiences to engage fans, while LaLiga continues to team up with partners such as Microsoft and Sportian to push the frontier. And the U.S. is very much in their sights. Gil called it "a benchmark for innovation, responsibility, and inspiration" — a country from which LaLiga is keen to learn. Advertisement Whether it's article writing, branding, campaign work or interactive experiences, the possibilities are multiplying. "We believe that sharing knowledge with other sports organisations in open discussions is not just a luxury," Gil said. "It's the only true way to continue learning and developing together." (Reporting by Ahmed El Khashab; Editing by Ossian Shine and Christian Radnedge)
Reuters
31-03-2025
- Business
- Reuters
TRADING DAY Wall Street shakes off tariff trepidation
NEW YORK, March 31 (Reuters) - Making sense of the forces driving global markets Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what moved markets today. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Today's Key Market Moves Wall Street shakes off tariff trepidation Investors' aversion to uncertainty was the theme across global markets on Monday in the run-up to U.S. President Donald Trump's promised April 2 "Liberation Day" tariff announcements. After sharp share falls in Asia and Europe, the risk-off contagion hit Wall Street in early trade, while safe-haven Treasuries were bought and gold topped $3,100 an ounce for the first time. However, the S&P 500 and the Dow clawed their way back into the green even as Treasury yields stayed slightly lower on the day amid worries about how Trump's trade war will impact U.S. and overseas growth. Goldman Sachs increased the probability of a U.S. recession this year to 35%, also lowering its U.S. GDP growth forecast and year-end target for the S&P 500, establishing itself as the most bearish big firm so far. Month-end and quarter-end adjustments were also afoot, so the choppiness was not a surprise. What could move markets tomorrow? Japan February unemployment Reserve Bank of Australia monetary policy meeting U.S. Job Opening and Labor Turnover Survey for February U.S. March ISM Manufacturing PMI If you have more time to read today, here are a few articles I recommend to help you make sense of what happened in markets today. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Written by Alden Bentley; Editing by Nia Williams Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
See - Sada Elbalad
12-02-2025
- Politics
- See - Sada Elbalad
Hamas Delegation Arrives in Cairo for Ceasefire Talks
Basant Ahmed Hamas delegation arrived in Cairo, on Wednesday, to hold discussions on a ceasefire agreement, according to Reuters News agency. The delegation, led by Khalil Al-Hayya, is set to engage in talks with Egyptian officials to follow up on the implementation of the Gaza agreement. Hamas has expressed its appreciation for Egypt and Jordan's stance against the displacement of the Palestinian people, emphasizing that there is an Arab plan for Gaza's reconstruction without forced displacement. The movement considers Jordan's position a continuation of its longstanding rejection of displacement, resettlement, and the so-called "alternative homeland" projects, which aim to erase Palestinian identity and undermine their just cause. Hamas also praised Arab nations and countries worldwide that have voiced their rejection of any plans to forcibly displace the Palestinian people or strip them of their national rights. Moreover, the movement reaffirmed that the Palestinian people will remain steadfast on their land and will not accept any solutions that compromise their legitimate rights to freedom and independence.
