Bloomberg Media CEO Justin Smith sent out the following announcement to employees on Thursday:
We just received the results for our first quarter revenue performance, and I’m happy to report it was a strong one. Total revenue is up more than 8 percent across Media, with year-over-year gains from our Global Ad Sales and Bloomberg Content Service teams. In digital ad sales specifically, our team increased revenue by 21% vs. last year on top of a sizeable baseline. US TV bucked industry trends by growing more than 27 percent. These numbers represent very significant accomplishments in what is an increasingly difficult media environment. Looking forward, Q2 revenues are looking robust as well.