With Three-Year Revenue Growth of 2,048% Percent, Canela Media Ranks No. 70 Among America's Fastest-Growing Private Companies
NEW YORK, Aug. 13, 2024 /PRNewswire-PRWeb/ -- Inc. revealed today that Canela Media ranks No. 70 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.
"It's an honor for Canela Media to have achieved this milestone during our fifth year as a company and been included among this prestigious list of businesses," said Isabel Rafferty Zavala, Founder and CEO of Canela Media. "Ranking in the top 100 companies nationally and sixth in New York is a testament to the mission behind Canela Media to offer Latinos seeking a fresh and authentic option in entertainment and for brands looking to connect with our audience effectively and through culturally relevant content. We will continue our mission of innovation, growth, relevance, authenticity and representation for Latinos across our platforms and content verticals while creating new and innovative opportunities for brands to connect with our audience."
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year's Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
"The past five years have cemented Canela Media's unique positioning in the AVOD and streaming market," commented Rafferty. "We have launched new originals for Hispanic streamers across new verticals, brokered exclusive and unique partnerships, continued to innovate across our tech and data products and expanded significantly the portfolio of brands and clients year over year who have seen the positive impact of Canela Media to the growth of their business. The future of Canela Media is bright and we could not be more proud."
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to http://www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc. 5000 list," says Mike Hofman, who recently joined Inc. as editor-in-chief. "To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year's honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce."
About Canela Media
Canela Media is a leading technology driven media company offering brands a complete ecosystem to connect with multicultural audiences starting with its free streaming platform service Canela.TV, enriching the new generation of U.S. Latinos with free access to culturally relevant content both on VOD and Live Channels, which includes a unique blend of programming through Originals, Canela Music, Canela Kids, Canela Deportes, Canela News, and a robust library of Novelas and Classic Mexican Films.
As part of Canela Media's proprietary data solution offering, Canela Audience Solutions is centered on an OTT first approach that helps identify U.S. Hispanic audiences in English and Spanish language OTT platforms providing unprecedented OTT scale for advertisers to reach U.S. Hispanics. Moreover, Canela Media's large scale in premium Spanish-language sites, combined with the company's proprietary data, provides in-depth knowledge and understanding of how to establish meaningful and culturally relevant connections with the new mainstream Hispanics.
For more information, please visit http://www.CanelaMedia.com
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.
Media Contact
Paula Baldwin, Canela Media, 845.657.4202, [email protected], https://canelamedia.com/
SOURCE Canela Media
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