(Reuters) - Thomson Reuters ( TRI ) reported on Thursday higher fourth-quarter revenue and issued 2025 organic revenue growth targets that would exceed 2024 rates.
The Toronto-based content and technology company reported quarterly revenue rising 5% to $1.909 billion, slightly ahead of analyst expectations of $1.907 billion, according to LSEG data.
"2024 marked important progress at Thomson Reuters ( TRI )," said CEO Steve Hasker in a prepared statement.
"Looking ahead to 2025, we continue to focus on investing in content-driven technology that helps professionals make complex decisions with confidence."
The company reported fourth-quarter adjusted earnings per share of $1.01. Wall Street expected a profit per share of 96 cents.
Operating profit rose 29% to $722 million, boosted by the sale of FindLaw.
Thomson Reuters ( TRI ) said it expected organic revenue to rise by 7% to 7.5% in 2025 and 7.5% to 8% in 2026.
The company raised its annualized dividend per share by 10%. (This story has been corrected to show that the company issued 2025 organic revenue guidance, not raised organic revenue guidance, in the headline and paragraphs 1, 7)
(Reporting by Kenneth Li in New York. Editing by MarkPotter)