RELX Q3 2024 Earnings Report
Key Takeaways
RELX delivered strong revenue growth of 7% and an adjusted operating profit increase of 10%. Adjusted EPS grew 9% on a constant currency basis. The company continued its shift towards higher-growth analytics and decision tools. It completed five acquisitions and seven disposals while maintaining strong financial performance.
Revenue increased by 7% to £9,434m.
Adjusted EPS grew 9% on a constant currency basis to 120.1p.
Operating profit margin improved to 33.9%.
The company completed £1,000m in share buybacks.
RELX Revenue
RELX EPS
RELX Revenue by Segment
RELX Revenue by Geographic Location
Forward Guidance
RELX expects another year of strong underlying growth in revenue and adjusted operating profit, with continued expansion in adjusted earnings per share on a constant currency basis.
Positive Outlook
- Continued strong underlying revenue growth across all segments.
- Operating profit margin expected to further improve.
- Ongoing shift towards high-growth analytics and decision tools.
- Continued strong cash generation and capital allocation.
- Increase in planned share buybacks to £1,500m in 2025.
Challenges Ahead
- Currency fluctuations may impact reported results.
- Higher tax rate expected in 2025.
- Challenges in maintaining cost efficiency with increased investments.
- Macroeconomic uncertainty could impact demand in some markets.
- Potential regulatory changes affecting data privacy and AI-driven analytics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income