Thomson reuters reports first-quarter 2023 results

Toronto , may 2, 2023 /prnewswire/ -- thomson reuters (tsx/nyse: tri) today reported results for the first quarter ended march 31, 2023:            broad revenue momentum continued in the first quarter total company revenue up 4% / organic revenue up 6% organic revenue up 7% for the "big 3" segments (legal professionals, corporates and tax & accounting professionals) based on q1 performance, maintained full-year 2023 organic revenue and adjusted ebitda margin outlook total revenue growth outlook updated for the company and the "big 3" segments to incorporate the pending sale of a majority stake in elite completed $2 billion share buyback program; $718 million repurchased during first quarter sold 24.5 million shares of lseg in the first quarter, for gross proceeds of $2.3 billion launched approximately $2.2 billion return of capital transaction, expected to be completed in june "solid momentum continued across our business in the first quarter, with revenue and margins meeting or slightly exceeding our expectations," said steve hasker, president and ceo of thomson reuters. "while we acknowledge elevated macroeconomic uncertainty, our underlying business is resilient, and we are largely maintaining our 2023 outlook.
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