Clubhouse Media Group, Inc. Announces HoneyDrip.com August 2022 Results

Rhea-AI Summary

Clubhouse Media Group, Inc. (CMGR) reported significant month-over-month growth for its platform, HoneyDrip.com, in August 2022. Key metrics highlighted include a 19% increase in active performers, a 22% rise in content posts, a 10% boost in active users, and a 5% uptick in creator applications. This growth reflects the platform's focus on empowering creators to monetize exclusive content and engage more deeply with their fans. The company's general manager praised the influx of talented creators joining, which enhances content offerings and competitiveness against rivals like OnlyFans.

Positive

• 19% increase in active performers on HoneyDrip.com in August 2022.
• 22% rise in content posts (photos and videos) available for sale.
• 10% boost in active users on the platform.
• 5% uptick in applications from new creators wishing to join.

Negative

• None.

LOS ANGELES, Sept. 1, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that HoneyDrip.com has seen month over month growth, continuing into August 2022. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content. 

HoneyDrip.com has experienced rapid growth in four main categories during the month of August 2022 alone: 

1)      Active performers on the site (by Invite Only) increased by 19%
2)      Content posts (photos and videos) to be sold increased by 22%
3)      Active users increased by 10%
4)      Applications from creators wishing to join the site increased by 5%

"We have beautiful and talented creators joining the site" said Danche Prokopov, General Manager of HoneyDrip.com. "It's great to see this kind of growth almost a year after our launch. Our creators are constantly posting new and exclusive content to the site and engaging directly with their fans. Not only is there more content available, but there are new creators joining the roster each day. High quality content paired with amazing creators is helping us stand out against our competitors, such as OnlyFans."

Creators can apply via email to join@honeydrip.com

About Clubhouse Media Group, Inc.

CMGR offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.

Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause CMGR's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for CMGR's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K, which are available on the Securities and Exchange Commission's website at sec.gov. We assume no obligation to update any forward-looking statements contained in this press release.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What are the August 2022 growth metrics for HoneyDrip.com (CMGR)?

In August 2022, HoneyDrip.com saw a 19% increase in active performers, a 22% rise in content posts, a 10% boost in active users, and a 5% uptick in creator applications.

How does HoneyDrip.com compare to competitors like OnlyFans?

HoneyDrip.com aims to differentiate itself by offering high-quality content and a growing roster of talented creators, as highlighted by CMGR's management.

What is the focus of Clubhouse Media Group (CMGR)?

CMGR focuses on influencer-based social media services and digital talent management, providing platforms for creators to engage with fans and monetize content.

Where can I find more information about Clubhouse Media Group (CMGR)?

More information can be found on their Twitter page or through their official press releases available online.