Thomson Reuters Boosts AI Focus with KKR Print JV and Strong Q2 Growth
Event summary
- Thomson Reuters reported Q2 2026 revenue growth of 9%, with organic growth at 8% across its 'Big 3' segments.
- The company announced a joint venture with KKR, selling a 51% stake in its Global Print business for $500 million.
- Adjusted EBITDA increased by 10% to $745 million, with margins expanding to 38.1% from 37.8%.
- Thomson Reuters completed a $605 million return of capital transaction and a $600 million share repurchase program.
The big picture
Thomson Reuters is doubling down on AI-driven solutions while streamlining its portfolio through the KKR joint venture. The move reflects a broader industry trend of legacy media companies pivoting to high-margin digital services. With $500 million in proceeds and strong Q2 performance, the company is well-positioned to navigate economic headwinds but faces execution risks in integrating AI capabilities across its core segments.
What we're watching
- AI Leadership
- How Thomson Reuters' focus on Fiduciary-Grade AI solutions will position it against competitors in the professional services sector.
- Capital Allocation
- Whether the $500 million proceeds from the KKR joint venture will be used for further share buybacks or strategic acquisitions.
- Operational Efficiency
- The pace at which Thomson Reuters can sustain its adjusted EBITDA margin expansion amid ongoing macroeconomic uncertainties.