May 4 (Reuters) - Thomson Reuters Corp TRI.TO :
* THOMSON REUTERS REPORTS FIRST-QUARTER 2021 RESULTS
* Q1 ADJUSTED EARNINGS PER SHARE $0.58
* Q1 IFRS EARNINGS PER SHARE $10.13
* UPDATED ITS REVENUE OUTLOOK FOR FULL YEAR
* Q1 REVENUE $1,580 MILLION, UP 4% ON CONSTANT CURRENCY BASIS
* Q1 EARNINGS PER SHARE VIEW $0.42, REVENUE VIEW $1.56 BILLION -- REFINITIV IBES DATA
* Q1 IFRS EARNINGS PER SHARE INCLUDED A GAIN ON SALE OF CO'S INVESTMENT IN REFINITIV TO LSEG
* THOMSON REUTERS - CEO HASKER 'OUR CUSTOMERS ARE MORE CONFIDENT IN AN IMPROVING ECONOMIC ENVIRONMENT'
* THOMSON REUTERS - CEO HASKER 'DESPITE IMPROVING OUTLOOK, RISKS REMAIN AS PANDEMIC IS STILL SIGNIFICANTLY IMPACTING MANY PARTS OF WORLD'
* THOMSON REUTERS - CEO HASKER 'ENCOURAGED BY Q1 RESULTS AND OUR INCREASING CONFIDENCE IS REFLECTED IN OUR NEW OUTLOOK'
* QUARTERLY LEGAL PROFESSIONALS REVENUES INCREASED 5% (ALL ORGANIC) TO $668 MILLION AT CONSTANT CURRENCY
* QUARTERLY CORPORATES REVENUES INCREASED 4% (ALL ORGANIC) TO $384 MILLION AT CONSTANT CURRENCY
* QUARTERLY TAX & ACCOUNTING PROFESSIONALS REVENUES INCREASED 5% (ALL ORGANIC) TO $225 MILLION AT CONSTANT CURRENCY
* QUARTERLY REUTERS NEWS REVENUES OF $160 MILLION INCREASED 2% AT CONSTANT CURRENCY
* QUARTERLY GLOBAL PRINT REVENUES DECREASED 9% TO $143 MILLION AT CONSTANT CURRENCY
* QUARTERLY CORPORATE COSTS AT ADJUSTED EBITDA LEVEL WERE $50 MILLION, INCLUDING $11 MILLION OF CHANGE PROGRAM COSTS, COMPARED TO $33 MILLION LAST YEAR
* REUTERS NEWS REVENUES ARE EXPECTED TO INCREASE BETWEEN 2.0% AND 3.0%. IN Q2
* GLOBAL PRINT REVENUES ARE EXPECTED TO INCREASE BETWEEN 1.0% AND 3.0%. IN Q2
* SEES Q2 TOTAL COMPANY REVENUES AND TOTAL ORGANIC REVENUES EXPECTED TO INCREASE BETWEEN 5.5% AND 6.5%
* Q2 REVENUE GROWTH IS FORECAST TO BE HIGH POINT FOR YEAR GIVEN IMPACT OF COVID-19 IN Q2 OF 2020
* "BIG 3" TOTAL REVENUE GROWTH AND ORGANIC REVENUE GROWTH IS FORECAST TO RANGE BETWEEN 6.0% AND 7.0%. IN Q2
* INCREASED THE LOW END OF REVENUE OUTLOOK FOR FULL YEAR
* SEES FY 2021 TOTAL REVENUE GROWTH OF 3.5% - 4.0%
* SEES FY 2021 ADJUSTED EBITDA MARGIN OF 30% - 31%
* SEES FY 2021 CAP EX OF ABOUT 9.0% - 9.5% OF REVENUE
* SEES FY 2021 FREE CASH FLOW OF $1.0 - $1.1 BILLION
* SEES FY21 BIG 3 TOTAL REVENUE GROWTH BETWEEN 5.0% - 5.5% BEFORE CURRENCY
* SEES FY21 BIG 3 ADJUSTED EBITDA MARGIN BETWEEN 38% - 39% BEFORE CURRENCY
* REAFFIRMED ITS OUTLOOK FOR 2022 AND 2023
* AS OF MAY 3, 2021, THOMSON REUTERS INDIRECTLY OWNED APPROXIMATELY 72.4 MILLION LSEG SHARES
* THOMSON REUTERS FINANCIAL RESULTS FOR Q1 INCLUDED A GAIN ON SALE OF REFINITIV TO LSEG OF $8.1 BILLION
* SAYS PROCEEDS FROM THOMSON REUTERS MARCH 2021 SALE OF LSEG SHARES WERE DISTRIBUTED TO THOMSON REUTERS AS A DIVIDEND