Core Insights - Thomson Reuters is a global leader in business information services, operating in segments such as Legal Professionals, Corporates, and Tax and Accounting Professionals, competing with major players like Bloomberg and RELX Group [1] - The company reported a 5% increase in revenue for Q4 fiscal 2025, reaching $2.009 billion, surpassing estimates [2][6] - Despite a 43% decline in GAAP diluted earnings per share, adjusted EPS rose by 6% to $1.07, exceeding the estimate of $1.06 [2][6] - Adjusted EBITDA improved by 8% to $777 million, with the margin increasing to 38.7% from 37.6% [4][6] Financial Performance - Operating profit fell by 25% to $540 million, primarily due to previous gains from the sale of FindLaw [3] - Recurring revenue increased by 6%, accounting for 84% of total revenue, while transaction revenue rose by 11% [3] - Net cash from operations surged by 35% to $756 million, and free cash flow also saw significant growth [4] Stock Performance - The current stock price of Thomson Reuters is $89.64, reflecting an increase of approximately 1.50% or $1.33 [5] - The stock has fluctuated between a low of $85.14 and a high of $90.07 today, with a market capitalization of approximately $39.89 billion [5]

Core Insights - The focus is on identifying Asia-listed stocks that exhibit a significant disparity between market price and intrinsic value, particularly emphasizing deep value balance sheet bargains and wide moat stocks [1][2]. Group 1: Investment Strategy - The investment strategy targets deep value balance sheet bargains, such as net cash stocks, net-nets, low price-to-book (P/B) stocks, and sum-of-the-parts discounts [1]. - The strategy also includes wide moat stocks, which are characterized by strong earnings power at a discount, including high-quality businesses and hidden champions [1]. Group 2: Market Outlook - The analyst anticipates a more rapid growth pace for TRI in the upcoming year, particularly within the "Legal Professionals/LP" division, which is entering promising sub-segments with new product launches [1].

Group 1 - Andrew Steinerman is a business information services analyst at JPMorgan Chase & Co, and he introduced his team member Alex Hess [1] - An information services data book was published recently, indicating ongoing research efforts by the company [1] Group 2 - The session featured Chris Cartrich, CEO, and Greg Bardy, focusing on the Info Services track at the Ultimate Services Investor Conference [2] - The conference included various tracks, such as business services and payment services, highlighting the diversity of topics covered [2]

Core Insights - Clarivate PLC reported revenue of $623.1 million for the quarter ended September 2025, reflecting a slight increase of 0.1% year-over-year and exceeding the Zacks Consensus Estimate by 9.23% [1] - The company's EPS was $0.18, down from $0.19 in the same quarter last year, but still surpassed the consensus estimate of $0.16 by 12.5% [1] Revenue Breakdown - Intellectual Property revenues were $197.8 million, slightly above the average estimate of $191.24 million, but down 1% year-over-year [4] - Academia & Government revenues reached $332.5 million, significantly exceeding the average estimate of $288.24 million, with a year-over-year increase of 3.5% [4] - Life Sciences & Healthcare revenues totaled $92.8 million, below the average estimate of $94.26 million, marking an 8.2% decline year-over-year [4] - Re-occurring revenues were reported at $105.3 million, slightly below the average estimate of $106.89 million, reflecting a year-over-year decrease of 1.3% [4] - Subscription revenues amounted to $405.4 million, also below the average estimate of $409.61 million, with a year-over-year decline of 1.4% [4] - Transactional revenues were $112.4 million, significantly above the estimated $58.23 million, showing a year-over-year increase of 7.7% [4] Stock Performance - Over the past month, Clarivate's shares have returned -5%, contrasting with the Zacks S&P 500 composite's increase of 3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Group 1 - The core focus of the research service is on identifying Asia-listed stocks that exhibit a significant disparity between their market price and intrinsic value, particularly emphasizing deep value balance sheet bargains and wide moat stocks [1][2] - Thomson Reuters Corporation (NASDAQ: TRI) is assigned a Buy rating, with expectations of future growth driven by accretive mergers and acquisitions (M&As) and the full realization of its Legal unit's potential [1] Group 2 - The investing group provides a range of watch lists with monthly updates, targeting value investors interested in the Hong Kong market and deep value opportunities [2]