Report: Bloomberg’s revenue hit $10 billion in 2018
Bloomberg’s estimated 2018 revenue increased by a mid-single digit percentage to an estimated $10 billion as it diversified its revenue streams, according to a report from Burton-Taylor analyst Jennifer Milton.
Milton writes, “Bloomberg completed multiple product launches in 2018 centered around fast-growing segments in the industry such as emerging markets, socially responsible investing and advanced data analysis tools. Revenue growth generally occurred across all segments of the business, but the fastest growing revenues are projected to come from Research related usage, increasing an estimated 8.9% since 2017. The second-largest product segment growth is expected to come from Portfolio Management & Analytics products followed by Pricing, Reference & Valuation Data, Real-Time & Trading Data, and News products.
Terminal Revenues Account for Lower Share of Total Revenues
“Bloomberg’s estimated 2018 revenue is expected to increase by mid-single digit percentages, bringing total company revenue to an estimated $10 billion, which would be a new annual revenue record for the company. Growth in Bloomberg’s non-terminal product revenue is projected to outpace growth in terminal product revenue in 2018, with the proportion of revenue coming from non-terminal sales increasing to 23.4% of the company’s revenues.”
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