Creatd's Vocal Platform Hits Key Milestone of Over 25,000 Paid Subscribers
On May 17, 2021, Creatd, Inc. (Nasdaq CM: CRTD) announced that its premium membership program, Vocal+, has surpassed 25,000 subscribers. CEO Jeremy Frommer noted the increasing recognition of Vocal as a comprehensive platform for creators. The company projects a growth target of 30,000 to 35,000 subscribers by the end of Q2 2021 and aims to reach between 50,000 and 65,000 subscribers in Q3 2021. Their long-term goal is 100,000 subscribers by year-end 2021, leveraging brand relationships and reducing subscriber acquisition costs.
- Vocal+ surpassing 25,000 subscribers indicates strong market traction.
- Anticipated growth to 30,000-35,000 subscribers by end of Q2 2021 demonstrates effective marketing strategies.
- Long-term target of 100,000 subscribers by year-end 2021 highlights ambitious growth plans.
- None.
FORT LEE, N.J., May 17, 2021 /PRNewswire/ -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), the parent company of Vocal, today announced that its premium membership program, Vocal+, has surpassed 25,000 subscribers. Commented Creatd CEO Jeremy Frommer, "In less than a year-and-a-half since we first rolled out Vocal+, over 25,000 creators have opted to upgrade to a premium membership. We're seeing creators increasingly recognize Vocal as their home base, an all-in-one solution to their content needs."
Continued Frommer, "With our current slate of upcoming Vocal Challenges, an initiative that has proven to accelerate the adoption of Vocal+ subscriptions, we can conservatively estimate reaching between 30,000 and 35,000 subscribers by the end of second quarter 2021. Our goal for the third quarter 2021 is to break 50,000 subscribers at a minimum, to as many as 65,000 subscribers at the high end of our expectations. At that point, as our brand relationships continue to expand and our costs of subscriber acquisition continue to decrease, we will be well within grasp of achieving 100,000 Vocal+ subscribers by year end 2021."
About Creatd, Inc.
Creatd, Inc. (Nasdaq CM: CRTD) is a creator-first technology company and the parent company of the Vocal platform. Our mission is to empower creators, entrepreneurs, and brands through technology and partnership. We accomplish this through Creatd's three main business pillars: Vocal Ventures, Creatd Partners, and Recreatd.
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Investor Relations Contact: IR@creatd.com
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SOURCE Creatd, Inc.
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