By Kenneth Li
NEW YORK, May 5 (Reuters) - Thomson Reuters reported a 10% rise in first-quarter revenue on Tuesday, boosted by gains in its "Big 3" business segments of legal professionals, corporates and tax and audit and accounting.
The Toronto-based content and technology company also reaffirmed its full-year 2026 revenue forecast of a rise of between 7.5% and 8%.
Thomson Reuters said its first-quarter revenue rose 10% to $2.09 billion, surpassing estimates of $2.04 billion. It said earnings per share
excluding items rose to $1.23. Wall Street had forecast earnings per share of $1.20.
"Across law, tax, audit and compliance, professionals accountable for high‑stakes outcomes are choosing our AI products, built to the standards their work demands - grounded in authoritative content, designed and tested by our domain experts, and created to produce results that can be verified and audited under real‑world scrutiny," Thomson Reuters CEO Steve Hasker said in a statement. "We call this 'fiduciary-grade AI.'"
Thomson Reuters' shares have fallen by nearly 30% this year, underperforming the S&P 500 index, which has traded up 5.2%.
The stock has been hit by fears over the challenge that AI newcomers, including Anthropic, present to companies such as Thomson Reuters, which sparked a wider selloff in software, data and professional services shares earlier this year.
Revenue at Reuters, Thomson Reuters' news division, rose 7% as a result of higher agency revenue and a price increase from its business with the London Stock Exchange Group.
(Reporting by Kenneth Li in New York; Editing by Alexander Smith)
