Thomson Reuters (TRI) is a global company that integrates trusted content and technology to empower professionals and organizations in sectors such as legal, tax, accounting, compliance, government, and media. The company provides specialized software and insights to facilitate data-driven decision-making, supporting institutions in their pursuit of justice, truth, and transparency. Its offerings include research tools, workflow solutions, and trusted journalism through Reuters News.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** 

1. **Legal Professionals** - Provides research and workflow products for law firms and governments, leveraging technologies like generative AI to deliver integrated legal research and workflow solutions.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** **[0001193125-24-130802_d822013dex991.htm:2]** **[0001193125-24-252067_d868908dex991.htm:2]**   
2. **Corporates** - Serves corporate customers, including the largest global accounting firms, with content-driven technology solutions for legal, tax, regulatory, compliance, and IT professionals, enabling digital transformation.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** **[0001193125-24-130802_d822013dex991.htm:2]** **[0001193125-24-252067_d868908dex991.htm:2]**   
3. **Tax & Accounting Professionals** - Offers research and automated workflow products for tax, audit, and accounting professionals, excluding the largest firms served by the Corporates segment.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** **[0001193125-24-130802_d822013dex991.htm:2]** **[0001193125-24-252067_d868908dex991.htm:2]**   
4. **Reuters News** - Supplies business, financial, and global news to media organizations, professionals, and financial markets through partnerships and platforms like Reuters News Agency and Reuters.com.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** **[0001193125-24-130802_d822013dex991.htm:2]** **[0001193125-24-252067_d868908dex991.htm:2]**   
5. **Global Print** - Delivers legal and tax information primarily in print format to customers worldwide.  **[0001193125-24-062308_d740282dex991.htm:52]** **[0001193125-23-134463_d415636dex991.htm:2]** **[0001193125-23-269397_d567934dex991.htm:2]** **[0001193125-24-130802_d822013dex991.htm:2]** **[0001193125-24-252067_d868908dex991.htm:2]**

548f3b3d36251f2f24e321d55dc445f78879485c5163b4d146aecdc0dbe6937e

1. Given that the Big 3 segments achieved 9% organic growth in the first half but the full-year guidance implies a deceleration to 8% in the second half, can you explain the factors contributing to this expected slowdown and how it aligns with your goal of accelerating growth in 2025 and beyond?

2. With approximately $50 million invested in 18 companies through Thomson Reuters Ventures, how are you measuring the return on these investments, and what concrete metrics are you using to evaluate both the financial and strategic benefits, especially since innovation benefits are hard to quantify?

3. As you roll out AI and generative AI capabilities like CoCounsel, how are you determining the pricing strategy for these new offerings, and how confident are you that the pricing accurately reflects the efficiencies and value delivered to customers given the early stages of adoption?

4. Considering the increased competitive activity from start-ups and traditional competitors in the AI and generative AI space, do you anticipate potential market share shifts, and what specific strategies are you implementing to safeguard or enhance your market position?

5. Your guidance indicates a margin decline in the second half due to increased investment spending, particularly in the third quarter where margins are expected to be the lowest for the year. Can you provide more detail on the nature of these investments and how they are expected to contribute to future revenue growth and margin expansion?

74c2f1306b8ffe43f3558c789994092765536f883a06c3021f6aefdfc765ae56

23794d91c53ae875c8e247d72561e35d9d06ee07c70c9e0dbcc977a6d161504a

Thomson Reuters Corp (TRI)

Financials