Axios HQ, the tech arm spun out from Axios Media in 2022, is now profitable and driving $20 million in annualized revenue, following a series of strategic moves to simplify its business, CEO Roy Schwartz tells Axios in an interview.
Why it matters: Launched in 2021, Axios HQ faced an existential threat with the rise of generative AI. Schwartz credits simplifying the company's structure with helping position the brand for growth.
