Thomson Reuters (NYSE:) reported its third-quarter 2024 earnings on October 30, 2024, revealing organic revenue growth of 7% and a 9% increase in its Big 3 segments. The company has raised its full-year organic revenue growth forecast to approximately 7%, with the Big 3 segments expected to grow by about 8.5%. Despite the positive growth, adjusted EBITDA saw a 4% decline to $609 million, and adjusted EPS dipped slightly to $0.80. The company also announced the sale of its FindLaw business, which is projected to enhance organic revenue growth by 30 basis points.
Key Takeaways
- Organic revenue growth of 7% and Big 3 segments up by 9%.
- Full-year organic revenue growth outlook adjusted to 7%, Big 3 projected at 8.5%.
- Adjusted EBITDA at $609 million, down 4% from the previous year.
- Adjusted EPS at $0.80, a slight decrease from $0.82 year-over-year.
- Free cash flow for the first nine months…
