Thomson Reuters Corporation (TRI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Thompson Reuters first quarter earnings call. Today's call is being recorded. At this time, I would like to turn the call over to Gary Bisbee, head of investor relations. Please go ahead. Thank you, Ruth. Good morning and thank you all for joining us today for our first quarter 2025 earnings call. I'm joined by our CEO, Steve Hasker, and our CFO, Mike Eastwood, each of whom will discuss our results, take your questions following their remarks. To enable us to get to as many questions as possible, we would appreciate it if you'd limit yourself to one question and one follow-up each when we open the phone lines. Throughout today's presentation, when we compare performance period on period, we discuss revenue growth before currency as well as on an organic basis. We believe this provides the best basis to measure the underlying performance of our business. Today's presentation contains forward-looking statements. and non-IFRS and other supplementary financial measures, which are discussed on this special note slide. Actual results may differ materially due to a number of risks and uncertainties discussed in reports and filings that we provide to regulatory agencies. You may access these documents on our website or by contacting our Investor Relations Department. Now I'll turn it over to Steve Haskell. Thank you, Gary, and thanks to all of you for joining us today. 2025 has started out on a positive note with revenue at the high end of our outlook and profits exceeding expectations. Total company organic revenues rose 6%, with the big three segments growing by 9%. In addition, healthy revenue flow through and favorable expense timing boosted margins, driving profit ahead of expectations. We are reaffirming our full year 2025 outlook, calling f...