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The city-based network of free, local newsletters from Axios, called Axios Local, has surpassed 1 million cumulative email subscribers across its 21 locations, according to the publisher––a key milestone for a venture that launched in December 2020.
The expansion of Axios Local into new cities across the U.S. has fueled its rapid growth, and the program aims to plant its flag in three more outposts––Houston, San Francisco and Miami––by the end of July. Its five biggest markets are Charlotte, Twin Cities, Denver, Tampa Bay and Washington D.C.
Axios Local generated $5 million in revenue in 2021 and projected $10 million in revenue by the end of 2022, though chief business officer Fabricio Drumond declined to share updated financial figures.
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