Thomson Reuters (TRI) is the worldwide market leader in financial data with a broad service range that includes publishing and expert professional advice. Its largest competitors in the publishing and information sector are Dow Jones, Bloomberg, and Pearson.
About Thomson Reuters
Thomson Reuters relies on industry expertise and innovative technology to deliver financial and business information to decision-makers in the financial, legal, tax, accounting, and media markets. With annual revenue of $5.9 billion in 2019, it is the second market leader in the financial data sector after Bloomberg. The company’s primary function is providing financial information and services to individual investors and businesses worldwide. The bulk of its revenue is generated by the sale of hundreds of thousands of subscriptions to its online financial services.
In addition to its substantial financial division, Thomson Reuters also publishes research and offers expert advice in the areas of intellectual propertylaw, pharma and life sciences, scholarly and scientific research, and tax and accounting. The company was created in 2008 when Reuters, a financial information company founded in London in 1851, was acquired by the Thomson Corporation, a Canadian financial information provider.
- Thomson Reuters is a leader in publishing financial information and services to individual investors and businesses worldwide. It owns both news publications, such as the eponymous Reuters News, as well as other online financial and wire services.
- Thomas Reuters’ competitors include Dow Jones, Bloomberg, and Pearson. All three operate in the financial news space as well, with competitive offerings.
- With annual revenue of $5.9 billion in 2019, it is the second market leader in the financial data sector after Bloomberg.
Thomson Reuters Competitors
Dow Jones is a leading global provider of financial news and information. The company possesses a substantial portfolio of newspapers, including The Wall Street Journal, founded by Dow Jones in 1889. As of August 2019, The Wall Street Journal was a top daily newspaper with a circulation of 2.834 million. Dow Jones also owns other business periodicals and services, including Barron’s, financial news site MarketWatch, SmartMoney magazine, WSJ Magazine, and research service Factiva. The company is a subsidiary of News Corporation (NWS). Its 2019 revenues came in at $1.5 billion.
Bloomberg is a market leader in business media. In addition to its syndicated news service and magazine, Bloomberg offers real-time financial news, market data, and analysis via Bloomberg Television, radio, and the internet. A substantial contribution to Bloomberg’s revenue is generated by the Bloomberg Terminala platform that streams and integrates price data, financial information, and news to more than 250,000 customers worldwide. The company invests a good amount of research into the technology sectorpolitics, sustainability, and luxury. A privately held firm, its 2019 revenues totaled $10 billion.
Pearson (PSO) is a leader in the global media market operating through three main business groups: Pearson Education, FT Group, and Penguin Group. Its largest division is Pearson Education, the world’s leading educational publisher of textbooks and other academic research material. The FT Group is the company’s financial wing, providing financial information and business news to a worldwide audience through publications such as the Financial Times and The Economist. Pearson’s other publishing division, Penguin Group, publishes more than 4,000 fiction, nonfiction, and reference titles each year via its imprints Putnam, Viking, and Puffin. Its 2019 revenues came in at $4.9 billion, on a decline.