Attributes 7,174% Revenue Growth to its Unique Ability to Blend Short-Form, Bite-Sized Entertainment into Digital Advertising
Consumable, the leading content discovery platform, today announced it ranked 32 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. Consumable grew 7,174% during this period.
Consumable’s chief executive officer, Mark Levin, credits the company’s revenue growth with being first-to-market with a content discovery platform that integrates premium on-demand video and audio entertainment within digital ads and delivers a more engaging experience that creates value for publishers, advertisers and consumers alike.
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“It’s an honor to be recognized as one of the fastest-growing technology companies in North America, and this recognition is further testament to our ability to deliver content in a way that resonates and provides value in today’s digital world,” said Levin. “We are excited about the prospects ahead and confident that we will continue to revolutionize the online advertising space.”
Consumable’s inclusion in the Deloitte Technology Fast 500 comes on the heels of its partnership with Triller to deliver the first social video discovery platform on media publisher websites. It also follows Consumable’s foray into the OTT arena with the launch of Consumable TV, the first of its kind, free-streaming TV experience available on sites across the greater web.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
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“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
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