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Creatd (Nasdaq CM: CRTD) announced the impressive results of the True Colors Poetry Challenge, conducted in collaboration with Moleskine. This initiative achieved over 37 million impressions and attracted more than 9 million unique viewers, resulting in over 8,600 submissions from Vocal creators, nearly tripling the average daily submissions record. Each of the 15 winners received a $2,000 cash prize and a chance to collaborate with Moleskine for its Pride Month communications, showcasing the successful partnership aimed at promoting creativity and inclusivity.
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.
Creatd, Inc. (Nasdaq: CRTD) announced its 2020 financial results, reporting gross revenue of $1.42 million and net revenue tripling to over $1.21 million. The company's operating expenses reached $17.5 million, primarily due to non-recurring charges associated with its Nasdaq up-listing. Comprehensive loss totaled $24.2 million, while shareholder equity improved to $5.4 million. Creatd aims for net revenue of $5-7 million in 2021, bolstered by a 1650% subscriber growth in its Vocal+ program. The company projects Q1 gross revenue between $725,000-$775,000 and Q2 at approximately $1.2 million.
Creatd, Inc. (Nasdaq: CRTD) announced the launch of Creator Bonuses on its Vocal platform, enhancing earning opportunities for creators. This feature adds direct monetary rewards to creators' Wallets for milestones such as 'Reads' achievements, Challenge wins, and community support. The initiative aims to incentivize creative contributions and strengthen creator loyalty, reflecting Creatd's commitment to its community. Eligibility extends to all users, including 900,000 freemium creators. Upcoming updates will also introduce new Vocal communities to attract a broader audience.
