Sioux Falls, SD, August 15, 2018 – Inc. Magazine has ranked MarketBeat No. 2,761 on its 37th annual Inc. 5000 list, an exclusive ranking of the fastest-growing privately-held companies in the United States. MarketBeat was named as the 7th fastest-growing company in the state of South Dakota, based on its three-year revenue growth of 150%. The list is a celebration of the lifeblood of the American economy — America’s independent entrepreneurs. MarketBeat joins VRC Metal Systems, Weisser Distributing, Epicosity, and other powerful South Dakota firms featured on this year’s list.
Inc.’s rankings are based off three-year revenue growth, indicating that MarketBeat has had strong year-over-year growth since it first qualified for the list in 2015. “Financial media brands have had to navigate a fast-changing business landscape during the last few years and it wouldn’t be a surprise if our company had plateaued,” said Matthew Paulson, founder and CEO of MarketBeat. “While we have faced some economic and marketing headwinds, we continue to attract more than 30,000 new email subscribers each month and are seeing very healthy revenue and earnings growth in 2018.”
“We generated nearly $3.5 million in revenue in 2017 and are on track to generate more than $5 million in revenue in 2018. Individual stock investors need objective and unbiased information to confidently navigate the markets, and it’s clear we are meeting that need,” Paulson explained.
“I am very happy with the tools and features we were able to make available to our readers in 2018. We built out tools that allow investors to see any publicly traded company’s analyst recommendations, earnings history, dividend history, financials, headlines, insider trading history and options chain. We also added tools and reports that will help investors navigate the quickly-changing world of cryptocurrencies,” added Rebecca McKeever, Web Operations Manager of MarketBeat.
“What’s really remarkable about MarketBeat’s sustained growth is that we have been able to do so much and serve so many investors with just four employees. One way our operations stay so lean is that we’re all willing to do a variety of work and pitch in to overcome obstacles,” McKeever said.
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
MarketBeat is a financial media company based in Sioux Falls, South Dakota. MarketBeat’s mission is to empower individual investors to make better trading decisions by providing them with real-time financial information and objective market research. More than 650,000 investors receive MarketBeat’s flagship newsletter, MarketBeat Daily Ratings. MarketBeat also publishes a network of financial news websites which garner more than 3 million pageviews each month, a suite of web-based investment research software called MarketBeat All Access and a mobile stock research app that is available on iOS and Android. For more information, visit www.marketbeat.com
About the Inc. 5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc, was awarded the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.