Written by Ngoc Thach
March 15, 2022
The company reported an average growth rate of 135 percent from 2018 to 2020—while the broader American economy declined 1.2 percent.
Sioux Falls, SD, March 15, 2022 – Inc. Magazine today revealed that MarketBeat, a leading source for stock market data and research tools, is No. 78 on its third annual Inc. 5000 Regionals Midwest list.
Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwestern economy’s most dynamic segment–its independent small businesses. Complete results of the Inc. 5000 Regionals Midwest can be found at inc.com/midwest starting today. The list includes two South Dakota companies with median growth of 113% and 80 jobs added.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies,” said Inc. editor-in-chief Scott Omelianuk. “They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come.”
How MarketBeat is bolstering company, community, and industry growth from 2021 to 2022
Last year MarketBeat exceeded its projected revenue, totaling $25.5 million. In 2022, the company created two new positions and onboarded both hires in the first quarter. In less than two years since moving into its first office, MarketBeat is building out its new headquarters in Cherapa II to eliminate growing pains from its growth plans.
As an industry leader with Midwestern roots, MarketBeat continues to find ways to give back to its local community. Based in Sioux Falls, South Dakota, the company partnered with nonprofit organizations to campaign against human trafficking, support local dog rescues, and grow small businesses and startups in the region. After capping off 2021 with the first-ever MarketBeat Holiday Plaza, MarketBeat’s current community-building efforts are focused on bringing Startup Sioux Falls, a startup ecosystem organization, to its new home in downtown Sioux Falls.
The company is also growing in terms of offerings, which now reach 2.8 million subscribers.
Following a year of rollouts that included sentiment-based tools, MarketBeat recently became the first financial media company in the United States that enables subscribers to make investment decisions based on holistic value creation and the net impact of companies. By leveraging The Upright Project’s Net Impact data, MarketBeat subscribers can now assess the sustainability of each stock at marketbeat.com with new models measuring the societal, knowledge generation, health, and environmental impacts of a company.
MarketBeat’s portfolio of financial news sites also grew with the launch of dividendstocks.com earlier this year. Although the company will continue to seek additional avenues for growth, current factors are making a more difficult business environment for companies like MarketBeat, which is forecasting similar revenue to last year’s, said Founder and CEO, Matt Paulson.
“This year presents a much different market environment than the last, and we’re pleased to support a growing number of investors in navigating it,” said Paulson. “Last year’s irrational enthusiasm from Gamestop and AMC retail investors has come to an end. Investors are now worried about inflation and the ongoing turmoil in Ukraine. Much like the pandemic, we’re not insulated from the disruption, but we’ll continue to help others find opportunities to sustain and grow despite."
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.
About MarketBeat
MarketBeat is a financial media company with a mission to empower individual investors to make better trading decisions by providing real-time financial information and objective market research. More than 2.8 million investors receive MarketBeat’s flagship newsletter, MarketBeat Daily Ratings. MarketBeat also publishes a network of financial news websites, including insidertrades.com, pricetargets.com, and dividendstocks.com, which garner more than 25 million pageviews each month, a suite of web-based investment research software called MarketBeat All Access, and a mobile stock research app on iOS and Android. For more information, visit marketbeat.com.
Media Relations
Laycee Kluin / MarketBeat
Email: laycee.kluin@marketbeatmail.com
