RELX Publishes STM Investor Seminar Transcript

• RELX's STM investor seminar featured Elsevier CEO Kumsal Bayazit, research solutions head Maxim Khan and technology chief Jill Luber.
• Bayazit reported STM revenue growth of 6%, up from 4% four years earlier, with improvements across primary research and decision support.
• Primary research now grows at mid-single-digit rates; article submissions rose more than 20% in both 2025 and the first half of 2026.
• LeapSpace has roughly 1,000 institutional subscribers; Khan cautioned that academic sales cycles typically take 12 months, making revenue growth gradual.
• Bayazit reported no impact from AI competitors on customer spending; adding AI capabilities to existing decision-support tools typically delivers double-digit spending increases.

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