With the dust from the global financial meltdown two years settled, Thomson Reuters (NYSE: TRI) posted positive earnings and revenue gains, with Q4 looking better as well. Although the markets division, which houses the media, enterprise, investment, and trading operations, saw revenues up only 1 percent, this is the first time the segment has been on the plus side in nearly two years. That said, the media segment’s revenues were down 5 percent, while trading and investment areas each fell 2 percent; only enterprise posted a gain, rising 7 percent year-over-year.
Over the past year, the company has unveiled a series of new features aimed at driving and retaining the all-important investment subscribers. At the same time, it sought to tap more advertising revenue by building up its website to attract a more general business audience.
Last month, it overhauled its market info service, launching Thomson Reuters Eikon, which applies social media and mobility to the mix of market information, news, analytics and trading tools as part of its financial markets data subscription business. So far, Thomson Reuters says it has signed contracts for over 1,000 new desktops for the Eikon service.
Eikon was preceded by the introduction of a video on demand option for its subscribers called Reuters Insider.