Clubhouse Media Group, Inc. Announces HoneyDrip.com Growth Results For February 2023

Rhea-AI Summary

Clubhouse Media Group, Inc. (OTCMKTS: CMGR) reported continued month-over-month growth for its platform HoneyDrip.com into February 2023. Key metrics include a 5% increase in active performers, 8% more content posts for sale, a 4% rise in active users, and a 3% uptick in creator applications. The company aims to empower creators by enhancing user engagement and monetization opportunities. The platform's success reflects positive feedback from both creators and fans, highlighting CMGR's commitment to improvement and potential for future growth.

Positive

• 5% increase in active performers on HoneyDrip.com.
• 8% rise in content posts available for sale.
• 4% increase in active users on the platform.
• 3% growth in applications from creators.

Negative

• None.

LOS ANGELES, March 2, 2023 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), a social media firm and digital agency, today announced that HoneyDrip.com has seen month over month growth, continuing into February 2023. 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 February 2023 alone: 

1. Active performers on the site (by Invite Only) increased by 5%
2. Content posts (photos and videos) to be sold increased by 8%
3. Active users increased by 4%
4. Applications from creators wishing to join the site increased by 3%

"I'm thrilled to see the platform continue its growth month after month," said a representative of the company. "We are constantly making enhancements and adding some really cool features to the site. We've been receiving positive feedback about the improvements from creators and fans alike. I'm excited about the potential."

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.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What growth did Clubhouse Media Group report for HoneyDrip.com in February 2023?

Clubhouse Media Group reported a 5% increase in active performers, 8% more content posts for sale, a 4% rise in active users, and a 3% uptick in creator applications for HoneyDrip.com in February 2023.

What is the focus of HoneyDrip.com?

HoneyDrip.com focuses on empowering creators to connect with fans and monetize exclusive content.

When did Clubhouse Media Group announce HoneyDrip.com's growth results?

Clubhouse Media Group announced the growth results for HoneyDrip.com on March 2, 2023.

What is the stock symbol for Clubhouse Media Group?

The stock symbol for Clubhouse Media Group is CMGR.

How has the user engagement on HoneyDrip.com changed recently?

User engagement on HoneyDrip.com has improved, with a 4% increase in active users reported in February 2023.