Bloomberg Media said its total advertising revenue rose 40 percent in the first quarter.
Television advertising rose 49 percent and digital advertising rose 41 percent. However, print advertising was flat and radio advertising fell 29 percent.
The company also saw a 9 percent decline in licensing and partnership revenue. It did not provide the actual revenue figures.
Digital subscriptions rose 31 percent, and Bloomberg Media now has more than 380,000 subscribers around the world.