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According to a report published on LinkedIn by analyst Jennifer Miton, the $10bn milestone was thanks to the growth of Bloomberg's data and research tools revenue channels which outpaced the growth of its terminal revenue in 2018.
Financial data and information giant Bloomberg LP has exceeded $10 billion in annual revenue, Business Insider reports. Reaching the long-awaited milestone also means the media company’s long-term employees will receive an additional bonus worth tens of thousands of dollars due to an incentive plan set by the firm back in 2010. The initial push for revenue gains promised a bonus equal to 70% of an employee’s average pay, provided Bloomberg would reach the expected milestone by June 2014. After the date, the percentage was to decline gradually.
