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

Rhea-AI Summary

Clubhouse Media Group (CMGR) reported significant month-over-month growth for its digital platform HoneyDrip.com in February 2022. Key metrics included a 28% increase in active users, a 44% rise in active performers, an 11% boost in creator applications, and a 26% increase in content posts. GM Kayla Bailey expressed confidence in the platform's ongoing success, citing higher traffic and positive responses from users and creators. CMGR aims to empower creators by fostering connections with fans and monetizing exclusive content.

Positive

• 28% increase in active users on HoneyDrip.com.
• 44% growth in active performers on the platform.
• 11% rise in applications from new creators.
• 26% increase in content posted for sale.

Negative

• None.

LOS ANGELES, March 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 February 2022.  Honeydrip.com is a new digital platform designed and 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 February 2022: 

1)  Active users increased by 28%
2)  Active performers on the site (by Invite Only) increased by 44%
3)  Applications from creators wishing to join the site increased by 11%
4)  Content posts (photos and videos) to be sold increased by 26%

"I'm confident that HoneyDrip.com will be a success", said Kayla Bailey, General Manager of HoneyDrip.com. "We are experiencing much higher traffic on the site.  The response from both creators and users has been very positive and we expect that to translate to continued growth month over month."

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 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 latest metrics for HoneyDrip.com as announced by Clubhouse Media Group?

In February 2022, HoneyDrip.com saw a 28% increase in active users, a 44% rise in active performers, an 11% boost in creator applications, and a 26% increase in content posts.

What is the significance of the growth reported by CMGR for HoneyDrip.com?

The growth indicates a strong engagement and interest in the platform from both creators and users, suggesting future revenue potential and market capture.

Who is the General Manager of HoneyDrip.com?

Kayla Bailey is the General Manager of HoneyDrip.com, and she expressed confidence in the platform's growth and success.

What is Clubhouse Media Group's focus in the influencer market?

CMGR focuses on managing influencers, providing digital talent management, and facilitating connections between creators and their audiences.