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Bloomberg Media CEO Justin Smith. Photo: Aniruddha Chowdhury/Mint via Getty Images

One to watch at this year's Upfront and Newfront advertising presentations (held virtually again in 2021): Bloomberg Media.

What to watch: Bloomberg will host its first-ever Upfront presentation exclusively for its streaming network "Quicktake." Most media companies are leaning into their streaming products as a part of their presentations this year.

Why it matters: Quicktake helps Bloomberg Media reach more potential subscribers. The streaming service has also helped the company boost its ad revenue over the past year.

  • Chris Paul, Scott Galloway and Imran Amed have recently been tapped to host shows for the network.

Driving the news: Bloomberg ended Q1 with more than 300,000 active subscribers, up from 250,000 in Q4 2020, executives tell Axios. 

  • Bloomberg Media CEO Justin Smith says that the company's revenue is up 30% from this time last year.  

The bottom line: "Q1's really strong year-over-year revenue rise versus a pre-pandemic quarter is the result of that strategy, and it's spurred by growth in every area from advertising to subscriptions and live events, says Smith.

Go deeper

Jul 28, 2021 - Economy & Business

Facebook reports fastest revenue growth rate in years

(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Facebook reported its best quarter two revenue growth rate in over five years on Wednesday.

Yes, but: It's stock plummeted in after-hours trading on weak guidance for the remainder of the year.

Updated 10 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

Updated 12 hours ago - Science

This powerful new accelerator looks for keys to the center of atoms

Illustration: Eniola Odetunde/Axios

Nuclear physicists trying to piece together how atoms are built are about to get a powerful new tool.

Why it matters: When the Facility for Rare Isotope Beams begins experiments later this spring, physicists from around the world will use the particle accelerator to better understand the inner workings of atoms that make up all the matter that can be seen in the universe.