RELX Plc (REL) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.252 Good morning, everybody. Thank you for taking the time to join us today. 00:00:05.273 -- 00:00:09.294 As you may have seen from our press release this morning, we delivered strong financial 00:00:09.294 -- 00:00:14.856 results in the first half. We made further operational and strategic progress, 00:00:14.856 -- 00:00:19.537 and we continue to see positive momentum across the group. 00:00:20.478 -- 00:00:25.820 Underlying revenue growth was 7%. Underlying adjusted operating profit growth 00:00:25.820 -- 00:00:27.603 was 9%. 00:00:27.603 -- 00:00:33.546 and adjusted earnings per share growth was 11% at constant currency. 00:00:33.648 -- 00:00:37.611 All four business areas continued to perform well. 00:00:37.611 -- 00:00:42.875 On this chart, you can see the relative sizes of the business areas and their growth 00:00:42.875 -- 00:00:44.477 rates. 00:00:44.477 -- 00:00:49.561 Risk with continued strong growth. STM with a step up to 00:00:49.561 -- 00:00:54.300 strong growth. Legal with a further step up in growth. 00:00:54.300 -- 00:00:59.602 and exhibitions with continued strong ongoing growth. 00:01:02.686 -- 00:01:07.889 In risk, underlying revenue growth was 8% and underlying adjusted 00:01:07.889 -- 00:01:11.511 operating profit growth was 10%. 00:01:11.632 -- 00:01:17.196 Strong growth continues to be driven across segments by our deeply embedded AI-enabled 00:01:17.196 -- 00:01:22.539 analytics and decision tools, leveraging our unique contributory and proprietary 00:01:22.539 -- 00:01:27.586 datasets with over 90% of revenue coming from machine-to-machine 00:01:27.586 -- 00:01:29.586 interactions. 00:01:30.269 -- 00:01:32.331 In business services, 00:01:32.331 -- 00:01:37.756 which represents over 40% of divisional revenue, s...