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Q4 revenue up 5% to $1.909 bln vs forecast $1.907 bln
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Q4 adjusted EPS $1.01 vs forecast 96 cents
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Sees 2025 organic revenue rising 7%-7.5% vs 7% in 2024
(Adds details on M&A spending and background throughout)
Feb 6 (Reuters) - Thomson Reuters ( TRI ) reported on
Thursday higher fourth-quarter revenue and issued 2025 organic
revenue growth targets that could exceed the rate in 2024.
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."
Thomson Reuters ( TRI ), which owns the Westlaw legal database,
Reuters news agency and the Checkpoint tax and accounting
service, spent more than $200 million on AI investments in 2024
and expects to continue at that pace in 2025, executives said.
Overall, the company has said it has about $10 billion to
spend on potential acquisitions through 2027.
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. That compares with 7%
growth in 2024. Organic revenue is reported on a constant
currency basis and excludes the impact of acquisitions and asset
sales.
The company raised its annualized dividend per share by
10%.
In the fourth quarter, Thomson Reuters ( TRI ) said it acquired
Materia, a startup that develops AI agents for the tax and
accounting sector.
In the first quarter of this year, it purchased cPaperless,
LLC, owner of SafeSend, a provider of technology for tax and
accounting business, for $600 million in cash.