Thomson Reuters Corp - Announcement of full year/4th quarter financial results
Two-Year Change Program Announced Big 3 revenues up 4%; organic revenues up 5%
IFRS operating profit up 343%
Adjusted EBITDA up 33%; adjusted EBITDA margin of 32.5%
Accelerating to 3.0: Two Powerful Levers to Drive Both Growth & Efficiencies
Holding Company to Operating Company
Content Provider to Content-Driven Technology Company
2021-2023 Outlook Provided
Adjusted EBITDA margin of 38% - 40% in 2023
Free cash flow of $1.8 billion - $2.0 billion in 2023
Investment of $500 million - $600 million (2021 & 2022)
TORONTO, Feb. 23, 2021 /PRNewswire/ Thomson Reuters (TSX/NYSE: TRI) today reported results for the fourth quarter and full year ended December 31, 2020. The company also announced a two-year Change Program, provided a financial outlook for the next three years and announced a $0.10 increase in its annualized common share dividend.
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NEW YORK (Reuters) - Thomson Reuters Corp will streamline technology, close offices and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sales and operating profit.
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The Toronto-headquartered company will spend $500 million to $600 million over two years to burnish its technology credentials, investing in AI and machine learning to get data faster to professional customers increasingly working from home during the coronavirus crisis.
It will transition from a content provider to a content-driven technology company, and from a holding company to an operational structure.
Thomson Reuters fourth-quarter revenue, adjusted earnings rise - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Thomson Reuters Corp will streamline technology, close offices and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sales and operating profit.
Thomson Reuters fourth-quarter revenue, adjusted earnings rise reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.