Redbox parent company Coinstar has been named one of the top 100 fastest-growing companies of 2010 by Fortune magazine. Coinstar is ranked number 61 on Fortune’s list, with a three-year annual revenue growth rate of 36%.
Coinstar CEO Paul Davis said the following about his company’s inclusion on the annual list:
“Coinstar is committed to innovation in the automated retail space, and we’re excited to see our growth recognized by Fortune . . . With approximately 23,000 kiosk locations and a 25% rental market share, Redbox is a leader in the DVD rental market. Our coin-counting business is also strong as we process about $3 billion in consumer coin annually . . . With two leading brands and expertise in self-service, we will continue to innovate and drive growth through our automated retail strategy.”
Can Coinstar, driven mainly by Redbox revenue, continue growing at this pace? Tell us what you think in the comments.
(via Home Media Magazine)