Sioux Falls, SD, August 15, 2019 – Inc. Magazine has ranked MarketBeat No. 2461 on its 38th annual Inc. 5000 list, an exclusive ranking of the fastest-growing privately-held companies in the United States. MarketBeat was named as the 6th fastest-growing company in the state of South Dakota, based on its three-year revenue growth of 161%. The list is a celebration of the lifeblood of the American economy — America’s independent entrepreneurs. MarketBeat joins Sioux Falls Tower Specialists, VRC Metal Systems, Weisser Distributing 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 despite facing significant industry headwinds. “The financial media industry is facing a slowdown as investors wonder if the market is near the end of a ten-year bull-run. Fewer investors are willing to put new money into the stock market these days” said Matthew Paulson, founder and CEO of MarketBeat. “While some companies in our industry have had to scale back and are seeing declining revenue, our mailing list has grown by more than 300,000 subscribers since the first of the year because of our innovative marketing strategies and our commitment to growth.”
“We generated nearly $6.1 million in revenue in 2018 and are on track to generate $9 million in revenue in 2019. Individual stock investors need objective and unbiased information to confidently navigate the markets, and it’s clear we are continuing to meet that need,” Paulson explained.
“2019 is going to be a pivotal year for the future of MarketBeat. We are in the middle of a ground-up redesign that will make MarketBeat one of the most advanced and feature complete stock research websites on the Internet. We are building out all sorts of new tools and features to give our customers an edge over the rest of the market,” added Rebecca McKeever, Web Operations Manager of MarketBeat.
“What’s really unique about MarketBeat is that we are able to serve more than 1 million email subscribers with just seven employees. We rely heavily on software automation and repeatable marketing techniques to remain lean and profitable,” McKeever said.
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 to 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. The minimum revenue required for 2015 is $100,000; the minimum for 2018 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 1.1 million investors receive MarketBeat’s flagship newsletter, MarketBeat Daily Ratings. MarketBeat also publishes a network of financial news websites which garner more than 5 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.