Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction
Thomson Reuters (TRI) completed the sale of a 51% stake in its Global Print business to KKR, forming a joint venture. The company will report Global Print as discontinued operations from Q3 2026, with revised 2025-2026 results excluding this business. The transaction is expected to be neutral to adjusted EBITDA margin and accretive to organic revenue growth by 60-70 basis points annually. The company will issue a revised 2026 outlook on November 3, 2026.
How this was made
The 30-second read
Why it matters
The supplemental financial information restates prior periods without the print segment and revises the Q3 outlook, indicating a neutral effect on adjusted EBITDA margin.
Market read
The disclosure provides fresh guidance and segment disposition details that may affect TRI's valuation and analyst expectations ahead of its Q3 earnings.
What to watch
Potential long‑term upside from the royalty stream and reduced capital intensity of the print business.
Background
Thomson Reuters announced in October that it sold a majority stake in its Global Print unit to a KKR‑advised JV, now operating as Westbridge Print.
Ticker impact
TRI disclosed a supplemental schedule restating prior periods and a revised Q3 2026 outlook after selling a 51% stake in its Global Print business.
likely neutral as the market prices in the expected margin neutrality from the transaction.
Management indicated the royalty and transition service arrangements will largely offset stranded costs, suggesting limited near‑term earnings impact.
Market effects
May influence other information‑services and professional‑content providers as they assess segment divestitures.
Primarily affects North American markets where TRI is listed and traded.
Limited global impact beyond the professional‑services sector.
Counterpoint
Investors could view the neutral margin impact as a buying opportunity if the market overreacts to the divestiture.
Key entities
- companyThomson Reuters
Global information and professional services provider.
- joint ventureWestbridge Print
New owner of the former Global Print business.
