Core Insights - S&P Global has rebranded its Commodity Insights division to S&P Global Energy, emphasizing its strategic focus on providing benchmarks, data, and insights for the evolving global energy ecosystem [1][2][3] Group 1: Company Overview - S&P Global Energy aims to deliver comprehensive intelligence to help customers navigate volatility, assess investment opportunities, and manage risks in interconnected energy and commodity markets [3][5] - The division is recognized for its world-leading Platts energy and commodity benchmarks, which provide critical insights through data, research, and forecasts [2][3] Group 2: Strategic Focus - The rebranding reflects S&P Global Energy's commitment to supporting customers in dynamic energy markets and delivering clarity across all energy sources and supply chains [4] - The company is positioned to leverage decades of expertise to provide strategic and data-driven clarity in a rapidly evolving global energy landscape [3][5] Group 3: Core Capabilities - S&P Global Energy's four core capabilities include Platts for pricing and news, CERA for research and advisory, Horizons for energy expansion and sustainability solutions, and Events for industry collaboration [5] - The division's comprehensive view of global energy and commodities markets enables customers to make superior decisions and create long-term, sustainable value [5][6]

Core Insights - Shutterstock reported a 4% increase in revenue for Q3 2025, reaching $260.1 million, driven by growth in the Data, Distribution, and Services segment [3][15] - The company continues to enhance its value proposition by integrating AI generative models into its content offerings, despite facing a competitive landscape [2] - The pending merger with Getty Images remains a priority, with ongoing engagement with regulatory authorities to secure necessary approvals [2][27] Financial Highlights - Total revenue for Q3 2025 was $260.1 million, an increase of $9.5 million compared to Q3 2024 [3][15] - Content revenue decreased by 5% to $194.4 million, accounting for 75% of total revenue, primarily due to challenges in new customer acquisition [4] - Revenue from Data, Distribution, and Services increased by 40% to $65.7 million, representing 25% of total revenue [5] Profitability Metrics - Net income for Q3 2025 was $13.4 million, down from $17.6 million in Q3 2024, with diluted earnings per share at $0.37 compared to $0.50 [6][15] - Adjusted net income decreased to $36.4 million from $46.4 million year-over-year, with adjusted net income per diluted share at $0.99, down from $1.31 [7][8] - Adjusted EBITDA rose by 13% to $79.4 million, with an adjusted EBITDA margin of 30.5%, up from 27.9% in the previous year [9] Cash Flow and Liquidity - Cash and cash equivalents increased by $49.1 million to $165.5 million as of September 30, 2025, driven by $78.4 million in net cash from operating activities [10][11] - Adjusted free cash flow for Q3 2025 was $75.2 million, an increase of $29.6 million from the same quarter in 2024 [13] Subscriber Metrics - The number of subscribers at the end of Q3 2025 was 1,060,000, unchanged from the previous year [14]

Core Insights - The "Pulse of the Library 2025" report by Clarivate highlights how libraries are adapting to rapid changes, including AI adoption, open science, and geopolitical pressures [1][5]. AI Adoption - There is a steady rise in AI adoption among libraries, with 67% exploring or implementing AI tools, up from 63% in 2024 [2]. - Libraries with AI literacy as part of training programs are more likely to be in moderate or active implementation phases, with 28% reporting this factor [3]. - Senior librarians show greater confidence in AI terminology, with 43% rating their confidence as 4 or 5 on a scale of 1 to 5, compared to 36% of junior librarians [7]. Regional Variations - AI adoption varies regionally, with 37-40% of libraries in Asia and Europe in initial implementation or beyond, compared to 14-16% in 2024 [7]. - The U.S. lags in AI adoption and confidence, with only 7% optimistic about AI's potential benefits, compared to 27-31% in Asia and other regions [7]. Library Missions and Challenges - Core library missions remain mostly unchanged from 2024, with a notable shift in academic libraries focusing on student engagement as a primary objective in 2025 (40%) [7]. - Budget constraints are a significant challenge, with half of U.S. and North American respondents expecting cuts to collections due to geopolitical pressures [7]. Survey Demographics - The report is based on insights from over 2,000 librarians across 109 countries, with 77% representing academic libraries and 46% of respondents located in the U.S. [5][8].

Core Insights - Clarivate Plc reported a slight increase in total revenues for Q3 2025, reaching $623.1 million, compared to $622.2 million in Q3 2024, indicating a growth of 0.1% [2][7] - The company experienced a net loss of $28.3 million in Q3 2025, an improvement from a net loss of $65.6 million in Q3 2024 [3][7] - Adjusted net income for Q3 2025 was $119.3 million, down from $134.1 million in Q3 2024, reflecting a decrease of 11.0% [3][7] Financial Performance - Total revenues for the first nine months of 2025 were $1,838.2 million, a decrease of 2.9% from $1,893.7 million in the same period of 2024 [4][7] - Organic revenues for the first nine months of 2025 increased by 0.2%, driven by a 0.6% rise in organic recurring revenues [4][7] - The company generated $468.6 million in operating cash flow and $276.1 million in free cash flow through the first nine months of 2025 [6][11] Shareholder Returns and Debt Management - Clarivate repurchased 11.7 million ordinary shares and allocated approximately $150 million for share repurchases in 2025 [2][6] - The company repaid $100 million of debt in Q3 2025, reducing total debt outstanding to $4,470.2 million [10][12] - The updated revenue outlook for 2025 was raised to between $2.42 billion and $2.45 billion, reflecting increased transactional book sales [12][13] Revenue Breakdown - Subscription revenues decreased by $5.7 million, or 1.4%, to $405.4 million in Q3 2025, while organic subscription revenues increased by 1.2% [8][26] - Transactional revenues increased by $8.0 million, or 7.7%, to $112.4 million, primarily due to higher transactional book sales [9][26] - The mix of organic recurring revenue to total revenue improved by 800 basis points to 88% for the first nine months of 2025, compared to 80% for the prior year [2][4] Outlook and Strategic Focus - The company remains committed to increasing its core subscription and recurring revenue mix while optimizing its business model [2][12] - Clarivate's strategic priorities include investing in innovation, driving operational efficiencies, and maximizing long-term value for shareholders [12][13] - The full-year 2025 outlook assumes no further acquisitions or divestitures, indicating a focus on organic growth [12][13]

Group 1 - Thomson Reuters will release its third-quarter 2025 earnings on November 4, 2025, and a conference call will be held at 9:00 a.m. EST on the same day [1] - The conference call will be hosted by Steve Hasker, the president and CEO, and Mike Eastwood, the CFO, and may include forward-looking information [1] - The webcast for the earnings call is accessible through the Investor Relations section of the Thomson Reuters website, with registration now open [1] Group 2 - Thomson Reuters is a global content and technology company that provides trusted content and technology to professionals in various sectors, including legal, tax, accounting, compliance, government, and media [2] - The company's products combine specialized software and insights to empower professionals with the necessary data and intelligence for informed decision-making [2] - Reuters, as part of Thomson Reuters, is recognized as a leading provider of trusted journalism and news [2] Group 3 - Thomson Reuters announced a share repurchase program of up to $1.0 billion [4]

Core Insights - Clarivate Plc has released its 2024 sustainability report, showcasing its commitment to advancing the United Nations Sustainable Development Goals (UN SDGs) and integrating sustainability into its business practices [1][4]. Group 1: Sustainability Commitments - In 2024, Clarivate signed the UN SDGs Publishers Compact and reaffirmed its commitments to the United Nations Global Compact, Women's Empowerment Principles, and CEO Action for Inclusion & Diversity [2]. - The company emphasizes that sustainability is a core part of its identity and integrates it into business goals to promote a sustainable world [4]. Group 2: Key Achievements - 49% of Clarivate's revenue is directly aligned with the UN SDGs [5]. - The Academia and Government segment has launched a Sustainability Ebook Subscription that aligns with all 17 SDGs [5]. - Clarivate employees contributed nearly 32,000 hours of volunteer time to community improvement initiatives [5]. - The company initiated a 'Clarivate Mentoring Program' to support professional development, recognized as a top corporate partner in the Global Mentorship Initiative [5]. Group 3: Impact on Education and Innovation - Clarivate's solutions have benefited over 130 million students, significantly impacting education and enhancing learning experiences [5]. - The company provides over 200 million documents detailing research and development outcomes, aiding policymakers in understanding the global technology landscape and informing sustainability policies [5].