RY 161.29 0.8315% SHOP 116.7 1.6108% TD 83.65 0.553% ENB 61.82 1.2613% BN 68.755 0.8729% TRI 248.88 1.754% CNQ 38.22 0.6054% CP 103.1 0.4775% CNR 138.9 -0.0576% BMO 129.44 1.1013% BNS 65.52 0.7845% CSU 4654.3901 1.9582% CM 81.81 1.3755% MFC 40.37 1.0766% ATD 69.68 -0.9805% NGT 76.14 0.2106% TRP 67.93 2.0123% SU 46.68 0.4735% WCN 273.82 0.8397% L 206.99 -1.499%
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Thomson Reuters’ (TSX:TRI) Q4 2024 Revenue Hits USD 1.91Bn, Eyes Upto 3.5% Growth for 2025
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Highlights
Thomson Reuters Corporation (TSX:TRI) was formed in 2008 through a multi-billion-dollar merger of Canada's Thomson and the UK’s Reuters Group. In 2018, it carved out its finance and risk business, Refinitiv, retaining a 45% stake. In 2019, the company exchanged this stake for a 15% share in the London Stock Exchange (LSE).
For the fourth quarter of 2024 (Q4 2024), TRI reported a 5.2% increase in revenue, reaching USD 1,909 million compared to USD 1,815 million in Q4 2023. This growth was driven by a rise in recurring and transactional revenues, alongside contributions from recent acquisitions. Operating profit also saw a notable increase, rising 29.4% YoY to USD 722 million from USD 558 million in the previous year. This growth was largely attributed to gains from the sale of FindLaw and other non-core businesses.
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