STOCK TITAN

Clubhouse Media Group, Inc. Announces HoneyDrip.com (OnlyFans Competitor) January 2022 Results

Rhea-AI Impact
(High)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Clubhouse Media Group (CMGR) reported strong month-over-month growth for its platform HoneyDrip.com in January 2022. Key metrics show a 45% increase in active users, a 37% rise in active performers, a 32% growth in creator applications, and a 34% increase in content posts. General Manager Kayla Bailey expressed confidence in the platform's direction, indicating positive feedback from users and creators. The platform aims to provide a competitive edge against rivals like OnlyFans through features like audio recordings.

Positive
  • 45% increase in active users
  • 37% rise in active performers
  • 32% growth in creator applications
  • 34% increase in content posts
Negative
  • None.

LOS ANGELES, Feb. 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 January 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 photo and video content. 

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

  1. Active users have increased by 45%
  2. Active performers on the site (by Invite Only) have increased by 37%
  3. Applications from creators wishing to join the site has increased by 32%
  4. Content posts (photos and videos) to be sold have increased by 34%

"I'm confident that HoneyDrip.com is headed in the right direction," said Kayla Bailey, General Manager of HoneyDrip.com. "The growth of the platform is better than we could have expected.  We are experiencing positive feedback from both creators and users alike. Enhancements to the site such as audio recordings, are giving us a competitive advantage and making us really stand out next to 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 assume no obligation to update any forward-looking statements contained in this press release.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/clubhouse-media-group-inc-announces-honeydripcom-onlyfans-competitor-january-2022-results-301472389.html

SOURCE Clubhouse Media Group, Inc.

FAQ

What growth did HoneyDrip.com experience in January 2022?

HoneyDrip.com saw a 45% increase in active users, 37% rise in active performers, 32% growth in creator applications, and a 34% increase in content posts.

How does HoneyDrip.com compare to OnlyFans?

HoneyDrip.com positions itself as a competitor to OnlyFans by enhancing user experience with features like audio recordings.

What platform does Clubhouse Media Group use for creator empowerment?

Clubhouse Media Group uses HoneyDrip.com, a digital platform aimed at empowering content creators.

What is the stock symbol for Clubhouse Media Group?

The stock symbol for Clubhouse Media Group is CMGR.

CLUBHOUSE MEDIA GROUP INC

OTC:CMGR

CMGR Rankings

CMGR Latest News

CMGR Stock Data

3.27M
4.95B
76.42%
Advertising Agencies
Communication Services
Link
United States of America
Las Vegas