Thomson Reuters Expects FY24 Revenue Growth of ~ 6.5% Vs $7.19B Est and Organic Revenue Growth of ~ 6%, Q1 Organic Revenue Growth of ~8%
Portfolio Pulse from Benzinga Newsdesk
Thomson Reuters projects FY24 revenue growth of approximately 6.5% and organic revenue growth of around 6%, with Q1 2024 organic revenue growth expected at about 8%. This outlook includes the effects of the Pagero and World Business Media acquisitions but excludes future transactions. The company anticipates an adjusted EBITDA margin of roughly 40% for Q1 2024, influenced by AI licensing revenue at Reuters, seasonal strength, and investment impacts. Despite a challenging macroeconomic environment, Thomson Reuters provided a detailed financial outlook for FY 2023, FY 2024, and the 2025-2026 period, highlighting expected growth in revenue, adjusted EBITDA margins, and free cash flow.
February 08, 2024 | 11:35 am
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Thomson Reuters expects FY24 revenue growth of ~6.5% and organic growth of ~6%, with Q1 2024 organic growth at ~8%. Adjusted EBITDA margin is anticipated at ~40% for Q1 2024, reflecting AI licensing revenue and investment impacts.
The positive revenue growth projections and anticipated adjusted EBITDA margin for FY24, including the impact of recent acquisitions and AI licensing revenue, suggest a positive short-term impact on Thomson Reuters' stock price. The detailed financial outlook, despite a challenging macroeconomic environment, indicates strong operational performance and strategic growth initiatives, likely boosting investor confidence.
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