Thomson Reuters unveils US$500 million share buyback plan

Summary

• Thomson Reuters plans to buy back up to US$500 million of its shares.
• The buyback involves up to 7 million common shares, representing 1.6% of outstanding shares.
• The repurchase period runs from Nov. 13, 2026, to Nov. 12, 2027.
• Controlling investor Woodbridge, owning 70% of the company, will participate proportionally to maintain its stake.
• Shares fell despite higher quarterly revenue due to investor concerns over rising AI costs impacting profits.
• Thomson Reuters' Canadian shares have declined approximately 15% this year.
• The company is the parent entity of Reuters News.