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Auddia Inc. is a technology company based in Boulder, Colorado, specializing in radio broadcasts and streaming audio content digitally. Their flagship products include the Auddia App, a subscription-based commercial-free AM/FM software application, and Vodacast, an interactive podcasting platform and application. Revenue is generated through subscription fees and advertisement services for cloud-based computing services. Auddia has recently announced partnerships with industry leaders, Sounds Profitable, to integrate AI and NLP technologies into podcasting audio, allowing for segment identification and enhanced listener control. The company also plans to launch a subscription-based ad-free podcast offering and accelerate the integration of their AI technologies on a larger scale.
Auddia Inc (NASDAQ:AUUD) reported significant progress in user retention for its faidr app, achieving a 21% 30-day retention rate in October 2024, doubling its internal goal of 10%. This improvement stems from various product enhancements implemented throughout the year, including ad-free podcast features and integrations with Apple CarPlay and Android Auto.
The company has seen retention rates grow from 5% to over 20% over the past year through its faidr 3.1 initiative and various UX improvements. Auddia is now focusing on converting free users to paid subscriptions, with new metrics and revenue expected to be reported in Q1 2025.
Auddia Inc. (NASDAQ: AUUD), an AI platform specializing in audio identification and classification, has announced its participation in the upcoming Virtual Investor Summit Microcap Event on November 21st, 2024. The company will deliver a formal presentation from 12:30 PM to 1:00 PM ET and will be available for one-on-one meetings throughout the day.
The event focuses on 40 micro-cap companies with catalysts and/or strong market performance, offering live Q&A sessions and opportunities for deep engagement with leading MicroCap investors. The presentation will be accessible via webcast, and qualified investors can register for complimentary access.
Auddia Inc. (NASDAQ:AUUD) has exceeded its 30-day user retention goal for its faidr app, achieving 12% in September, up from 5% a year ago. This success is attributed to product enhancements and improved user experience. The company is now shifting focus to optimize subscription conversions, aiming to increase from the current 5% to 12% or more.
Auddia plans to improve subscription conversion by streamlining the paywall process and making subscriptions more active for users. With cost per install at or below $1.80 and improving retention and conversion rates, the company is approaching a transition from product development to revenue generation focus.
CEO Michael Lawless and CMO Theo Romeo expressed confidence in the company's progress, citing the value delivered to users and the potential for competing with other audio platforms in the US and internationally.
Auddia Inc. (NASDAQ:AUUD) has doubled the number of stations available in its faidr mobile app, now offering over 13,000 AM/FM stations, up from approximately 5,200. Subscribers can access more than 9,000 ad-free stations. The company aims to provide a full inventory of US and Canadian stations, with plans for international expansion next year.
Auddia has also introduced two new podcast features: Forward+ and Chapter Visualization, enhancing navigation and user experience. In Q4, the company plans to release a new music-only AI model for music-focused AM/FM stations and introduce gamification features to the app.
Auddia Inc. (NASDAQ: AUUD), an AI platform for audio identification and classification, will participate in the 2024 Gaming, Media & Entertainment Virtual Conference presented by Maxim Group Executive Chairman Jeff Thramann will present on Tuesday, September 17th, 2024, at 11:00 a.m. E.T.
The conference will explore how emerging growth companies are adapting to current market conditions and positioning for future success. It will feature discussions led by Maxim Senior Analysts with CEOs and key management from various companies, focusing on technology innovation and growth opportunities in the evolving Gaming, Media & Entertainment industries.
The event will be live on M-Vest.com, offering insights into how companies are navigating shifting consumer demand and global challenges.
Auddia Inc. (NASDAQ:AUUD) has launched two innovative features for podcast listening on its iOS faidr mobile application: Forward+ and Chapter Visualization. These industry-first features leverage Auddia's proprietary AI and Natural Language Processing technology to enhance the podcast listening experience. Forward+ allows users to skip to the end of a segment with a single touch, while Chapter Visualization displays segment breaks within the progress bar. Unlike the beta feature Seamless, which requires a subscription, these new features are available for free on hundreds of podcasts. Auddia aims to differentiate faidr as the leading platform for podcast listening and plans to introduce additional AI-powered capabilities in the future.
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) has launched faidr 3.1, an upgraded version of its AI-powered audio platform. The new release introduces enhanced AI functionality aimed at improving user experience and increasing subscription revenue. Key features include:
1. Forward+: Allows users to skip entire content segments in podcasts with a single press.
2. Seamless: Enables automatic ad avoidance on partner podcasts through a subscription tier.
3. Improved onboarding process.
4. Upcoming Android Auto and Apple CarPlay integrations.
These improvements are expected to drive user retention, expand the free-tier user base, and boost conversion rates to paid subscriptions. Auddia aims to offer a unique platform combining commercial-free AM/FM streaming and podcasting in one app.
Auddia Inc. (NASDAQ:AUUD), an AI platform for audio identification and classification, announced its participation in the upcoming Virtual Investor Summit on August 20, 2024. The company, which is revolutionizing consumer engagement with AM/FM radio, podcasts, and other audio content, will present at 4:30 PM ET.
Investors interested in one-on-one meetings with Auddia's management can register through the provided link. The presentation will be accessible via webcast, offering an opportunity for investors to gain insights into Auddia's innovative audio technology and market position.
This event provides a platform for Auddia to showcase its proprietary AI technology and growth strategies to potential investors, potentially impacting its stock performance and market visibility.
Auddia has announced its first beta program partner for subscription Pay-Per-Play podcasting, Ultimate Motorcycling Magazine’s podcast, Motos And Friends. The beta program, launched on July 1st, 2024, utilizes Auddia’s Seamless Play technology to deliver ad-reduced podcasts. Auddia compensates podcast owners per play, offering roughly double the average ad-supported rate. CEO Michael Lawless expressed excitement about the partnership, emphasizing its potential to create a stronger economic environment for podcasters. Future expansions include launching faidr on CarPlay and Android Auto, and adding more podcast partners to the beta program.
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