Morning Consult is an American business intelligence company established in 2014.[1] It was named one of the fastest growing technology companies in North America by Deloitte in both 2018 and 2019[2][3] and was valued at more than one billion dollars in June 2021.[4] The company specializes in online survey research technology and has offices in Washington, D.C., New York City, Chicago, and San Francisco.[5]
Morning Consult provides global survey research tools, data services and news to organizations in business, marketing, economics, and politics. The company's proprietary brand tracking platform, Brand Intelligence,[6][7] tracks over 3,000 companies, products, and individuals across 40 countries by surveying tens of thousands of people every day on each brand it tracks.[8][9]
History
Morning Consult was founded in 2014 by CEO Michael Ramlet, President Kyle Dropp and CTO Alex Dulin.[10][11] It started with a poll looking at whether young and uninsured Americans were going to sign up for the Affordable Care Act's insurance exchanges, published just before the exchanges went live in 2013.[12] The White House used that polling in its briefing later that day.[13]
Initially operating from a row house near Capitol Hill, the firm went from 13 employees in 2014 to 255 in November 2020.[14][15]
In February 2016, Morning Consult partnered with Vox to conduct polling on topical stories in politics and culture.[18] In June 2016, Morning Consult launched the Morning Consult Brand Index in Fortune magazine's annual release of the Fortune 500 list[19] and began polling with Bloomberg News on investor sentiment.[20]
During the 2016 U.S. presidential election, Morning Consult and the political journalism company Politico published a weekly polling partnership on "political issues, personalities and media aspects that affect the daily debate".[21] The polling relationship continued after the 2016 election and is released weekly in Politico Playbook.[22]
In 2017, Morning Consult launched its survey research technology product, Brand Intelligence.[24] The survey research technology platform uses daily interviews with thousands of Americans to provide daily tracking on nearly 3,000 companies, products and services.[23][9]
In October 2017, the company opened an office in New York City and then in Chicago[26] and San Francisco[27] in 2018.[28]
In 2018, the company announced it was partnering with The Hollywood Reporter for a weekly polling series on what Americans think about the hottest news and trends in Hollywood.[29]
In May 2020, Morning Consult completed a $31 million Series A funding round. The funding includes capital from James Murdoch's Lupa Systems, Advance Venture Partners and others. The funding values the company at $306 million.[1]
In June 2021, Morning Consult raised a $60 million Series B funding round led by Advance Venture Partners with additional investors Susquehanna Growth Equity and Lupa Systems. Following this round of funding, the company is valued at over $1.01 billion.[4][30]
In July 2023, Morning Consult launched Morning Consult Pro, followed by Audience in September 2023, the latest two releases in a series of decision intelligence products from Morning Consult. These products build on the company’s brand, economic and political insights platform, Morning Consult Intelligence. [31]
Polling and methodology
Morning Consult conducts scientific online polling.[32] It uses a stratified sampling process and multiple nationally recognized vendors to gain access to tens of millions of Americans. After fielding, Morning Consult applies weights based on age, race/ethnicity, gender, educational attainment, and region (determined by 2016 Current Population Survey).
During the 2016 presidential election, Morning Consult had one of the most accurate national polls: despite calling the winner of the election incorrectly, it successfully predicted Hillary Clinton winning the national popular vote by 3 percent (she won by 2.1 percent).[33] The website FiveThirtyEight also found that Morning Consult, along with other prolific online polling firms, did not have a strong house effect (the tendency of a pollster to favor a political party) in the 2016 election.[34]
Survey on approval ratings
The company conducts surveys on the approval ratings of the leaders of major economies.
Brand Intelligence
In the spring of 2017, Morning Consult launched Brand Intelligence, a survey research and media monitoring platform. The platform tracks over 2,000 public-facing brands and products across 12 countries, and offers subscribers access to data on their companies as well as competitors. For each brand that is tracked, Morning Consult conducts 200 interviews per day.[23]
Brand Intelligence also provides social media listening and media monitoring services, aggregating results from over 85,000 news outlets.[citation needed]
In October 2017, data from Brand Intelligence was cited in the New York Times showing changes in survey results on the NFL's brand after President Donald Trump criticized the league on Twitter.[25]
Economic Intelligence
Morning Consult launched its Economic Intelligence product in the fall of 2019, and in the spring of 2020 as it began to identify the dip in consumer confidence with the continued coronavirus outbreak.[35][36]The Federal Reserve cited the company's data in its emergency meeting March 15, 2020.[37]
In July 2023, the company launched Morning Consult Pro, a content subscription service that provides data, charts, and insights on industry trends. Its content is powered by Morning Consult’s high-frequency survey data and team of industry, economic and global politics experts. [42]
Audience
In September 2023, Morning Consult rolled out Audience, a tool that draws on real-time data from thousands of consumers in more than 40 countries. [43]
Audience pulls demographics, psychographics and user habits through survey interviews, generating thousands of custom audience profiles. Morning Consult has created more than 2,000 predefined audience profiles, such as “monthly airplane flier” or “daily Spotify user,” with the option for users to create custom audience segments. [44][45]
Related Research Articles
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