The following is a summary of the Thomson Reuters Corporation (TRI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Thomson Reuters reported a 7% increase in third quarter organic revenues, exceeding expectations.

• Adjusted EBITDA for the quarter decreased by 4% to $609 million, with a margin decline influenced by investments in AI.

• Legal Professionals organic revenue grew 7%, driven by GenAI-enabled products like Westlaw Precision and CoCounsel.

Business Progress:

• Thomson Reuters is accelerating investments in Generative AI, expecting to spend over $200 million annually for the next few years.

• Launched CoCounsel 2.0 and introduced advanced features in AI-driven tools like Checkpoint Edge with CoCounsel and the Claims Explorer tool in Westlaw Precision.

• Made strategic acquisitions such as Safe Sign Technologies and Materia to boost its AI capabilities.

Opportunities:

• Generative AI offerings in products like Westlaw Precision and CoCounsel continue to gain traction.

• The divestiture of the FindLaw business allows Thomson Reuters to focus more on its core offerings of content-enabled technology for legal professionals.

Risks:

• Investments in AI and related acquisitions are expected to increase operating costs, impacting profitability in the short term.

• Global Print revenue continues to decline as expected, part of a broader industry trend away from print media.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.