Thomson reuters reports second-quarter 2023 results

Toronto , aug. 2, 2023 /prnewswire/ -- thomson reuters (tsx/nyse: tri) today reported results for the second quarter ended june 30, 2023: solid revenue momentum continued in the second quarter total company revenue up 2% / organic revenue up 5% organic revenue up 7% for the "big 3" segments (legal professionals, corporates and tax & accounting professionals) based on q2 performance, maintained full-year 2023 outlook for organic revenue, adjusted ebitda margin and free cash flow interest expense, tax rate and accrued capital expenditures outlooks updated completed $2 billion return of capital transaction; and reduced share count by 15.8 million shares in concurrent consolidation sold 15.5 million shares of the london stock exchange group (lseg) in the second quarter, for gross proceeds of $1.6 billion signed definitive agreement in june to acquire casetext and completed reuters acquisition of imagen in july "i am pleased with our performance in the second quarter as we continued to see good momentum across our portfolio despite an uncertain macro backdrop," said steve hasker, president and ceo of thomson reuters. "importantly, our confidence around the opportunity that generative ai brings to us and our customers continues to strengthen.
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