Thomson Reuters Corp. reported first-quarter FY22 revenue growth of 6 percent year-on-year to $1.67 billion, beating the consensus of $1.66 billion.
Organic revenues increased 7 percent, driven by recurring revenues and transaction revenues.
The “Big 3” segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively comprised 81 percent of total revenues and reported organic revenue growth of 7 percent. Legal Professionals’ revenue grew 5 percent Y/Y to $698 million, Corporates’ revenue rose 8 percent Y/Y to $411 million, and Tax & Accounting Professionals’ revenue increased 11 percent Y/Y to $253 million.
Reuters News revenue improved 9 percent Y/Y to $176 million, and the Global Print revenue was flat Y/Y at $142 million.
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