Auddia Announces Integration of faidr Into Apple CarPlay and Android Auto
Auddia Inc. (NASDAQ:AUUD) has announced the integration of its faidr mobile application with Apple CarPlay and Android Auto. This integration allows users to mirror their smartphone entertainment options on their vehicle's infotainment system screen. With over 90% of new vehicles offering Apple CarPlay or Android Auto, this move significantly expands faidr's reach in the US radio streaming space.
The integration aligns with consumer preferences, as 46% of listening time is spent on AM/FM radio when these mirroring technologies are available. Auddia plans to further expand its platform accessibility to smart speakers, desktop, and home entertainment systems. The company is also developing an AI-assisted music-only AM/FM offering, expected to launch in Q4, allowing users to listen to their favorite stations without ads or DJs.
Auddia Inc. (NASDAQ:AUUD) ha annunciato l'integrazione della propria applicazione mobile faidr con Apple CarPlay e Android Auto. Questa integrazione consente agli utenti di riflettere le opzioni di intrattenimento del proprio smartphone sullo schermo del sistema di infotainment del veicolo. Con oltre il 90% dei veicoli nuovi che offrono Apple CarPlay o Android Auto, questa mossa espande significativamente la portata di faidr nel settore dello streaming radio negli Stati Uniti.
L'integrazione è in linea con le preferenze dei consumatori, poiché il 46% del tempo di ascolto è dedicato alla radio AM/FM quando queste tecnologie di mirroring sono disponibili. Auddia prevede di ampliare ulteriormente l'accessibilità della propria piattaforma a altoparlanti intelligenti, desktop e sistemi di intrattenimento domestico. L'azienda sta inoltre sviluppando un offerta AM/FM solo musica assistita da IA, che dovrebbe essere lanciata nel Q4, consentendo agli utenti di ascoltare le proprie stazioni preferite senza pubblicità o DJ.
Auddia Inc. (NASDAQ:AUUD) ha anunciado la integración de su aplicación móvil faidr con Apple CarPlay y Android Auto. Esta integración permite a los usuarios reflejar las opciones de entretenimiento de su smartphone en la pantalla del sistema de infoentretenimiento del vehículo. Con más de el 90% de los vehículos nuevos que ofrecen Apple CarPlay o Android Auto, este movimiento expande significativamente el alcance de faidr en el espacio de streaming de radio en EE. UU.
La integración se alinea con las preferencias de los consumidores, ya que el 46% del tiempo de escucha se dedica a la radio AM/FM cuando estas tecnologías de reflejo están disponibles. Auddia planea expandir aún más la accesibilidad de su plataforma a altavoces inteligentes, computadoras de escritorio y sistemas de entretenimiento en el hogar. La compañía también está desarrollando una oferta de AM/FM solo música asistida por IA, que se espera que sea lanzada en el cuarto trimestre, permitiendo a los usuarios escuchar sus estaciones favoritas sin anuncios o DJs.
Auddia Inc. (NASDAQ:AUUD)는 Apple CarPlay 및 Android Auto와 faidr 모바일 애플리케이션의 통합을 발표했습니다. 이 통합을 통해 사용자는 차량의 인포테인먼트 시스템 화면에 스마트폰의 엔터테인먼트 옵션을 미러링할 수 있습니다. 새로운 차량의 90% 이상이 Apple CarPlay 또는 Android Auto를 제공하는 가운데, 이 조치는 faidr의 미국 라디오 스트리밍 공간에서의 도달 범위를 크게 확대합니다.
이 통합은 소비자 선호도와 일치하며, AM/FM 라디오에서 듣는 시간의 46%가 이러한 미러링 기술을 사용할 수 있을 때 소요됩니다. Auddia는 스마트 스피커, 데스크탑 및 가정용 엔터테인먼트 시스템으로 플랫폼 접근성을 더욱 확대할 계획입니다. 이 회사는 AI 지원 음악 전용 AM/FM 서비스를 개발하고 있으며, 4분기 중 출시될 예정으로, 사용자가 광고나 DJ 없이 좋아하는 방송국을 들을 수 있도록 합니다.
Auddia Inc. (NASDAQ:AUUD) a annoncé l'intégration de son application mobile faidr avec Apple CarPlay et Android Auto. Cette intégration permet aux utilisateurs de refléter les options de divertissement de leur smartphone sur l'écran du système d'information et de divertissement de leur véhicule. Avec plus de 90% des nouveaux véhicules offrant Apple CarPlay ou Android Auto, ce mouvement étend considérablement la portée de faidr dans l'espace de streaming radio aux États-Unis.
L'intégration est en accord avec les préférences des consommateurs, car 46% du temps d'écoute est consacré à la radio AM/FM lorsque ces technologies de mise en miroir sont disponibles. Auddia prévoit d'élargir encore l'accessibilité de sa plateforme aux enceintes intelligentes, aux ordinateurs de bureau et aux systèmes de divertissement à domicile. L'entreprise développe également une offre AM/FM uniquement musicale assistée par IA, qui devrait être lancée au quatrième trimestre, permettant aux utilisateurs d'écouter leurs stations préférées sans publicités ni DJ.
Auddia Inc. (NASDAQ:AUUD) hat die Integration seiner mobilen Anwendung faidr mit Apple CarPlay und Android Auto angekündigt. Diese Integration ermöglicht es den Benutzern, die Unterhaltungsoptionen ihres Smartphones auf dem Display des Infotainmentsystems ihres Fahrzeugs widerzuspiegeln. Da über 90% der Neuwagen Apple CarPlay oder Android Auto anbieten, erweitert dieser Schritt die Reichweite von faidr im US-Radio-Streaming-Markt erheblich.
Die Integration entspricht den Verbraucherpräferenzen, da 46% der Hörzeit auf AM/FM-Radio entfällt, wenn diese Spiegeltechnologien verfügbar sind. Auddia plant, die Zugänglichkeit seiner Plattform auf smarte Lautsprecher, Desktop-Computer und Heimunterhaltungssysteme weiter auszudehnen. Das Unternehmen entwickelt auch ein KI-unterstütztes Musik-AM/FM-Angebot, das voraussichtlich im vierten Quartal auf den Markt kommt und es den Benutzern ermöglicht, ihre Lieblingssender ohne Werbung oder DJs zu hören.
- Integration of faidr with Apple CarPlay and Android Auto, expanding reach in the US radio streaming market
- Over 90% of new vehicles offer Apple CarPlay or Android Auto, providing a large potential user base
- AM/FM radio accounts for 46% of listening time when smartphone mirroring is available
- Plans to expand platform accessibility to smart speakers, desktop, and home entertainment systems
- Development of AI-assisted music-only AM/FM offering, expected to launch in Q4
- None.
Insights
The integration of faidr into Apple CarPlay and Android Auto is a significant move for Auddia. This expansion addresses a important market, as
Auddia's strategy to pursue direct integrations into vehicle infotainment systems is forward-thinking, potentially capturing market share in vehicles without smartphone mirroring. The planned AI-assisted music-only AM/FM offering could be a game-changer, providing a unique value proposition in the competitive audio streaming landscape.
However, the success of this integration will depend on faidr's ability to compete with established players like SiriusXM and streaming services, which already have a strong presence in the automotive audio market.
Auddia's integration into Apple CarPlay and Android Auto taps into a significant market opportunity. With AM/FM radio commanding
However, the audio streaming market is highly competitive. Auddia will need to differentiate itself significantly to attract and retain users. The planned AI-assisted music-only AM/FM offering could be this differentiator, but its success will depend on execution and user adoption.
While the expansion is promising, investors should closely monitor user acquisition costs, subscription conversion rates and revenue growth to gauge the strategy's effectiveness in the coming quarters.
Auddia's expansion into Apple CarPlay and Android Auto represents a strategic move to increase its addressable market. However, the financial impact remains uncertain. The company's focus on lowering customer acquisition costs through expanded accessibility is promising, but concrete metrics are needed to evaluate its success.
The planned AI-assisted music-only AM/FM offering could potentially create a new revenue stream, but development and marketing costs should be considered. Investors should look for updates on subscription growth rates and average revenue per user in future earnings reports to assess the financial impact of these initiatives.
While the strategy appears sound, Auddia's ability to monetize effectively in a competitive market will be crucial. The company's cash position and burn rate should be monitored closely as it pursues these expansion efforts.
BOULDER, CO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- More Than
When Apple CarPlay or Android Auto are Available More Than
{{DATELINECITY_DATE_GLOBENEWSWIRE_BUG} Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced it recently launched both Apple CarPlay and Android Auto interfaces for its faidr mobile application. These interfaces allow consumers to mirror their smartphone entertainment options on the screen of their vehicle’s infotainment system.
Apple CarPlay and Android Auto have grown tremendously since their introduction with a report from Wards Intelligence saying more than
According to the RAB when Apple CarPlay or Android Auto are available to a consumer, listening to AM/FM radio is the leading choice of consumers at
“Although our customers have been able to listen to faidr in the car through Bluetooth, the automatic connection and hands-free interface of accessing phone controls through the dash is easier, more convenient, and safer when performed through smartphone mirroring technologies like Apple CarPlay and Android Auto,” said Michael Lawless, Auddia’s CEO. “As we continue to execute our plan of delivering more value to faidr listening this includes integrating faidr into more platforms to give our users more places to enjoy our differentiated listening experiences. This integration into Apple CarPlay and Android Auto gives us far more reach within the US radio streaming space than we had with just our smartphone integration.”
In addition to providing access to Apple CarPlay and Android Auto, Auddia plans to pursue direct integrations into vehicle infotainment systems to access consumers in vehicles not planning to support smartphone mirroring technologies.
As part of its growth strategy, in addition to expanding reach within the automotive environment, where the majority of AM/FM content is consumed, the Company plans to expand listening options to smart speakers, desktop, home entertainment systems, and other platforms where consumers demonstrate their desire to listen to audio.
“Auddia is executing on a consistent two-pronged strategy to drive growth. As we have demonstrated since the launch of faidr, the first part of our strategy is to drive differentiated audio listening experiences like ad free AM/FM radio and podcasting listening options. The second part of the strategy is to make our unique listening experiences available wherever the consumer chooses to listen. As we execute both parts of this strategy we expect to see increasing numbers of users coming to faidr at ever lower customer acquisition costs resulting in an increasing rate of subscription conversions and associated revenue,” said Jeff Thramann, Executive Chairman. “Expect to see a steady stream of catalysts coming from the team that both enhance the faidr listening experience and expand the environments in which our customers can enjoy our differentiated content.”
In another industry first, Auddia expects to announce an AI-assisted music-only AM/FM offering in Q4 that will give consumers the choice of listening to their favorite stations without ads or DJs, only music.
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification and related technologies, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. Auddia’s flagship audio superapp, called faidr, brings two industry firsts to the audio-streaming landscape: subscription-based, ad-free listening on any AM/FM radio station and podcasts with interactive digital feeds that support deeper stories and open untapped revenue streams to podcasters. faidr also delivers exclusive content and playlists, and showcases exciting new artists, hand-picked by curators and DJs. Both differentiated offerings address large and rapidly growing audiences with strong purchase intent. For more information, visit: www.auddia.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company's current expectations about future results, performance, prospects and opportunities. Statements that are not historical facts, such as "anticipates," "believes" and "expects" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. These and other risks and uncertainties are discussed more fully in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, as well as other disclosures contained in the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com
www.pcgadvisory.com
FAQ
What new integration has Auddia (NASDAQ:AUUD) announced for its faidr app?
What percentage of new vehicles offer Apple CarPlay or Android Auto as of mid-2023?
What percentage of listening time is spent on AM/FM radio when Apple CarPlay or Android Auto are available?
What new feature is Auddia (NASDAQ:AUUD) planning to launch for faidr in Q4 2024?
