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theglobeandmail.comNOV 37 min read$TRI

Thomson Reuters revenue rises 10% as use of AI-based software tools ramps up

Thomson Reuters reported a 10% revenue increase to $1.83B in Q3, driven by AI-based software. The company raised its annual revenue forecast to 9.5% from 8%. CoCounsel Legal software saw a 60% month-over-month active user increase. Shares fell 7.4% on the Toronto Stock Exchange.

Original reporting
theglobeandmail.com
Published Nov 3, 2026, 6:15 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 7:19 PM UTC. Informational, not investment advice.
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Thomson Reuters revenue rises 10% as use of AI-based software tools ramps up — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$TRIBullishMed
01

Why it matters

The combination of AI engagement acceleration, a partnership to build on Thomson LLM with Skadden, and a raised revenue outlook creates a near-term catalyst for valuation, while the earnings drop and competitive landscape temper the signal.

02

Market read

Traders can reassess Thomson Reuters’ AI software adoption trajectory and the durability of its revenue outlook after the print-business divestiture.

03

What to watch

Competition from AI-native entrants and pricing strategy (all-you-can-eat vs usage-based) could pressure margins; the article does not quantify cost trajectory or renewal economics for CoCounsel.

Relevance 7/10Novelty 7/10Timing: today’s Toronto midday reaction to Q3 results and guidance reset

Background

Thomson Reuters is scaling AI-powered legal software (CoCounsel) and has an in-house legal model (Thomson LLM) it is positioning for licensing and “sovereign AI” deployments.

Company-level read

Ticker impact

$TRIBullishMedium confidence
Context

Thomson Reuters reported Q3 revenue up 10% and raised its full-year revenue outlook to about 9.5% after selling its global print stake to KKR.

Expected impact

Likely modest upward bias as AI adoption metrics and guidance lift offset concerns about margin pressure and legal-AI competition.

Evidence & confidence

The article provides both a fresh quarterly datapoint (revenue +10%, recurring +9%) and a guidance reset tied to the print-business sale, plus concrete CoCounsel usage acceleration.

Market effects

Sector

Reinforces the legal-tech and enterprise AI software demand narrative, potentially raising expectations for other workflow-AI vendors’ adoption curves.

Regional

Primarily impacts Canadian-listed software and information-services sentiment, with spillover to North American legal-tech peers.

Global

Highlights a broader enterprise shift toward AI agents and sovereign or data-controlled AI deployments, relevant to global legal and compliance software markets.

Counterpoint

What could challenge this read

The guidance increase may be partially mechanical from the print-business sale, and the earnings decline could limit upside if AI costs rise faster than monetization.

Key entities

  • company
    Thomson Reuters

    Reported Q3 revenue growth, raised full-year revenue outlook, and highlighted rapid CoCounsel AI usage growth plus a Skadden partnership on Thomson LLM.

  • law_firm
    Skadden, Arps, Slate, Meagher & Flom LLP

    Partnered with Thomson Reuters to develop new applications on top of Thomson LLM that Skadden would control.

  • financial_sponsor
    KKR & Co. Inc.

    Closed the sale of Thomson Reuters’ majority stake in its global print business on Oct. 1, prompting an outlook adjustment.

  • controlling_shareholder
    Woodbridge Co. Ltd.

    Thomson family holding company and controlling shareholder of Thomson Reuters.

Read at source← All news

StoryThomson Reuters posts 10% Q3 revenue growth, lowers profit, raises full‑year outlook

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