Thomson Reuters management commentary attributes Q3 2026 operating profit decline of 22% mainly to prior-year Elite stake sale gain
Bitget2026/11/04 22:16- Thomson Reuters management commentary attributed third-quarter 2026 operating profit's 22% decline to USD 402 million primarily to the prior-year Elite disposal gain.
- Revenue rose 10%, driven by recurring subscriptions and transaction growth across the three main professional segments.
- Adjusted EBITDA increased 10% to USD 651 million, supported by professional-segment growth and higher Reuters generative AI content licensing revenue.
- Adjusted EBITDA margin slipped to 35.5% from 35.8%, with higher technology and other costs weighing on professional-segment profitability.
- Adjusted earnings benefited from EBITDA growth, partly offset by higher internally developed software amortization and net interest expense.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the sharp decline in tech stocks, the White House suddenly canceled the top tech advisor meeting the following day.
The White House has canceled the previously scheduled President’s Council of Advisors on Science and Technology meeting, which was set for Friday and includes prominent tech leaders such as Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. The Department of Energy's meeting page briefly listed November 13 as the new meeting date, but the agency later sent an email retracting this information. Currently, the specific date for rescheduling the meeting remains unclear.

Turtle Creek Asset Management Reports Sale of $347,850 in Jeld-Wen Common Shares
GLOBALFOUNDRIES Director Ganesh Moorthy Reports $93,687.50 Share Acquisition