Clubhouse Media Group, Inc. Announces HoneyDrip.com Robust March 2022 Results

Rhea-AI Summary

On April 5, 2022, Clubhouse Media Group (CMGR) reported impressive month-over-month growth for its platform HoneyDrip.com in March 2022. Key metrics include a 40% increase in active users, a 34% rise in active performers, a 14% uptick in creator applications, and a 24% boost in content posts for sale. General Manager Danche Prokopov highlighted the platform's rapid expansion aimed at empowering creators and increasing revenue streams. The firm continues to position itself competitively against OnlyFans.

Positive

• 40% increase in active users
• 34% rise in active performers
• 14% uptick in creator applications
• 24% boost in content posts for sale

Negative

• None.

LOS ANGELES, April 5, 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 March 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 March 2022:

1. Active users increased by 40%
2. Active performers on the site (by Invite Only) increased by 34%
3. Applications from creators wishing to join the site increased by 14%
4. Content posts (photos and videos) to be sold increased by 24%

"HoneyDrip.com has continued to grow at a rapid pace", said Danche Prokopov, General Manager of HoneyDrip.com. "Each month of growth continues to close the gap between us and our main competitor, OnlyFans. We have and will continue to add enhancements that allow for increased revenue streams for our creators."

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 were HoneyDrip.com's growth metrics in March 2022?

In March 2022, HoneyDrip.com saw a 40% increase in active users, a 34% rise in active performers, a 14% uptick in creator applications, and a 24% boost in content posts for sale.

How does HoneyDrip.com compare to its competitors?

HoneyDrip.com aims to close the gap with its main competitor, OnlyFans, by enhancing features for creators and increasing revenue opportunities.

When was the growth report for HoneyDrip.com released?

The growth report for HoneyDrip.com was announced on April 5, 2022.

What is the focus of HoneyDrip.com?

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