BE SMART and read this look at from
🚨 🚨 launching daily newsletters in Minneapolis, Denver, Des Moines, Tampa. WSJ: “ “Smart brevity” has been good for business at Axios.”
by the numbers— - $58M in revenue in 2020, up 30% YoY - 50% of revenue comes from newsletter sponsorships - 85% of revenue is advertising - 1.4M newsletter subscribers - 4M newsletters sent daily - 20M uniques in August, up 3x YoY
Axios is expanding as it remains on pace to hit its pre-pandemic revenue target and make a profit this year despite the economic turmoil stemming from coronavirus that led to layoffs at many other media outlets
Sources: Axios is on target to make a profit in 2020, with ~$58M in revenue, up 30%+ YoY, due to sponsored-newsletter business which contributes 50%+ of revenue ( / Wall Street Journal)
Go . It's a good time for news organizations delivering news that readers want/need.
Some news... Axios, the digital news startup, is on target to make a profit this year despite the economic turmoil stemming from the coronavirus that led to layoffs at many media outlets via
Axios looking to pilot some local news ideas — exactly the place where we need investment, innovation, and experimentation.
Axios on track to do $58 million in revenue in 2020, up 30% vs 2019. More than 50% of revenue comes from newsletter sponsorships!!! Company will be profitable.
Lerer Hippeau and Greycroft invested in Axios at a time when almost no VCs would touch a media startup, great to see that Axios is doing well
in case you're wondering how we're doing over here....