Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of WHE Agency's redesigned website, marking significant growth post-acquisition. WHE has expanded its talent pool by 85%, signing new influencers in various verticals, including music and cannabis wellness. The agency has also increased its collaborations with major brands like Procter & Gamble and Target, along with tripling its internal team. Creatd's co-CEO expects revenue growth to exceed initial forecasts, leveraging opportunities across its four business pillars.

Creatd, Inc. (Nasdaq CM: CRTD) has launched a new monetization feature called Pledges for its Vocal platform, enabling creators to receive recurring payments from their audience. This initiative aims to boost revenue streams for both creators and the company, with Creatd earning a 10% fee on transactions. The release comes after insights from interviews with creators highlighted a demand for reliable income sources and more direct engagement with audiences. Creatd's strategy focuses on enhancing Vocal's value while supporting over 1.2 million creators.

Creatd, Inc. (Nasdaq CM: CRTD) announced the successful conclusion of its third NFT art auction featuring pop icon Madonna, held on December 15, 2021. All 10 photographs sold during the two-hour auction, accumulating over 150 bids, with an average sale price of approximately $240 each. The auction attracted significant participation, and 80% of the NFTs were purchased by unaffiliated individuals. Following this success, the company has initiated a new auction for the 'Trump Pictures' NFT, starting at $100.

Creatd, Inc. (Nasdaq: CRTD) announced a joint venture with Chef Marq and Kim Stetz to enhance Creatd Studios as a multimedia production hub. The collaboration aims to share Chef Marq's inspiring story of personal transformation through various storytelling platforms, including podcasts and documentaries. The joint venture will emphasize community service, focusing on educational opportunities in food and cooking for formerly incarcerated individuals. This initiative aligns with Creatd's mission to empower creators through technology and partnerships.

Creatd, Inc. (Nasdaq CM: CRTD) announced plans for a film adaptation of the autobiography No One's Pet, co-authored by Sheila Kennedy and Glenn Kenny. This initiative, produced by Creatd Studios, is part of the company's strategy to leverage its intellectual property and increase its presence in the creator economy. Screenwriter Adam Markovitz has been engaged for the screenplay development. Creatd aims to highlight stories from its creator network, enhancing its project pipeline and furthering its mission to empower creators through innovative media formats.

Creatd, Inc. (Nasdaq CM: CRTD) announced its third NFT art drop featuring iconic photographs of Madonna, originally published in 1987. The NFTs portray Madonna during her time as a dance student in 1977 and are being auctioned via the OG Gallery on OpenSea, with bidding starting at approximately $100. The auction commenced on December 7, 2021, and will last for one week. This initiative follows a public poll revealing that 57% of participants prefer celebrity-focused NFTs, guiding future releases.

Creatd, Inc. (Nasdaq CM: CRTD) announced that its functional beverage brand, Dune, was featured on Access Hollywood, highlighting emerging snack trends. Dune, touted as 'Botox in a Bottle,' has gained traction with over 650 cases distributed through influencer programs. The company expects Creatd Ventures to contribute material revenues in Q4 2021. Tom Punch, founder of Dune, expressed excitement about the brand's growth and potential expansion within Creatd Ventures' portfolio.

Creatd, Inc. (Nasdaq CM: CRTD) reported third quarter 2021 revenues of $1.18 million, nearly three times higher than Q3 2020 and a 22% increase from Q2 2021. The company reaffirmed its 2021 revenue guidance of $4.5 to $4.7 million and initiated 2022 guidance of $10 to $15 million. Operating expenses fell by over 50% from Q2 to Q3, while comprehensive loss improved significantly to $(9.7) million, or $(0.71) per share. Creatd's strategic acquisitions and growth in its business segments signal a strong revenue pipeline. The firm anticipates cash flow breakeven by Q3 2022.

Creatd, Inc. (Nasdaq CM: CRTD) has announced a significant milestone, surpassing 100,000 Vocal+ members, a notable increase from 30,000 members reported in June 2021. This growth is attributed to a successful combination of organic, paid, and free trial acquisition strategies, reducing reliance on third-party marketing. Co-CEO Jeremy Frommer highlighted the value of first-party data for enhancing the creator experience, while COO Justin Maury emphasized the introduction of creator subscriptions, allowing creators to establish recurring membership programs.