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