Thomson reuters reports fourth-quarter and full-year 2023 results
Toronto , feb. 8, 2024 /prnewswire/ -- thomson reuters (tsx/nyse: tri) today reported results for the fourth quarter and full year ended december 31, 2023: good revenue momentum continued in the fourth quarter and full year full-year total company revenue up 3% / organic revenue up 6% fourth-quarter total company revenue up 3% / organic revenue up 7% organic revenue up 8% for the "big 3" segments (legal professionals, corporates and tax & accounting professionals) met or exceeded full-year 2023 outlook for organic revenue, adjusted ebitda margin and free cash flow full-year 2024 outlook anticipates organic revenue growth of approximately 6% and an adjusted ebitda margin of approximately 38% financial framework for 2025-2026 anticipates 6.5%-8% organic revenue growth and rising adjusted ebitda margins increased annualized dividend per share by 10% (31st consecutive annual increase) anticipate current $1 billion share buyback program to conclude by end of the second quarter acquired a majority ownership stake in e-invoicing leader pagero in january 2024 "last year was one of innovation and accomplishment across our business," said steve hasker, president and ceo of thomson reuters. "we made significant progress delivering generative ai-powered solutions, including the launch of ai-assisted research on westlaw precision, as well as expanded features and design enhancements across our product portfolio.
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