STOCK TITAN

Clubhouse Media Group, Inc. Announces HoneyDrip.com Growth Results For March 2024

Rhea-AI Impact
(High)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Clubhouse Media Group, Inc. (CMGR) announces continued growth for HoneyDrip.com in March 2024. The digital platform experienced month-over-month increases in active performers, content posts, active users, and creator applications. HoneyDrip.com focuses on empowering creators to connect with fans and monetize exclusive content.
Positive
  • None.
Negative
  • None.

LOS ANGELES, April 02, 2024 (GLOBE NEWSWIRE) -- Clubhouse Media Group, Inc. (OTC: CMGR) ("CMGR"), a social media firm, today announced that HoneyDrip.com has seen month over month growth, continuing into March 2024. 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

HoneyDrip.com has experienced rapid growth in four main categories during the month of March 2024 alone:

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

“Our fans have been very pleased with the exclusive content on the site,” said Alexandra Bolanos, Manager at HoneyDrip. “We will be releasing a new feature soon that will allow our users to explore more content from a wider variety of creators, all in one place. I think the new feature will surely be a fan favorite.”

Creators can apply to join at 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.

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.

Contact:
Clubhouse Media Group, Inc.
media@clubhousemediagroup.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fbb7dfa5-d417-45a0-8129-b2b30d6a4f12


FAQ

What platform saw month-over-month growth in March 2024?

HoneyDrip.com, owned by Clubhouse Media Group, Inc. (CMGR), experienced growth.

What are the main categories that showed growth on HoneyDrip.com in March 2024?

The main categories that grew on HoneyDrip.com in March 2024 were active performers, content posts for sale, active users, and creator applications.

How much did active performers on HoneyDrip.com increase by in March 2024?

Active performers on HoneyDrip.com increased by 2% in March 2024.

What new feature is HoneyDrip.com planning to release?

HoneyDrip.com plans to release a new feature that will allow users to explore more content from a wider variety of creators.

CLUBHOUSE MEDIA GROUP INC

OTC:CMGR

CMGR Rankings

CMGR Latest News

CMGR Stock Data

818.61k
4.47B
76.42%
Advertising Agencies
Communication Services
Link
United States of America
Las Vegas