Creatd Inc Stock Price, News & Analysis

Creatd (Nasdaq CM: CRTD) announced the launch of the Vocal Ambassador Program aimed at boosting Vocal+ subscriptions. Participants can earn commissions for referring new subscribers, similar to affiliate marketing. The initiative follows the company’s milestone of 1 million creators on its platform and aligns with its goal of reaching 100,000 premium subscribers by year-end 2021. Additionally, Creatd outlined a product roadmap that includes new features such as 'Following', 'Commenting', and a 'Support' feature for monthly patronage, intended to enhance creator engagement and revenue.

Creatd, Inc. (Nasdaq CM: CRTD) announced its Vocal platform has surpassed 1 million creators, achieving this goal ahead of schedule. This milestone follows a recent report of over 25,000 premium subscribers. The company remains optimistic about increasing its Vocal+ subscriber count, predicting over 100,000 subscribers by the end of 2021. To support this growth, Creatd plans to invest in product enhancements and infrastructure updates. CEO Jeremy Frommer highlighted the significance of this milestone, suggesting it will accelerate conversions to the premium tier.

Creatd, Inc. (Nasdaq: CRTD) has announced a collaboration with Memberful, a membership software company owned by Patreon, launching the Members-Only Challenge with a total prize pool of $32,500. This initiative aims to empower creators to monetize their passions by submitting ideas for membership programs. The Challenge features a grand prize of $22,500, second place prize of $7,500, and a third place prize of $2,500, along with an annual subscription to Memberful for winners. Submissions are open until June 23, 2021.

Creatd, Inc. (Nasdaq: CRTD) reported a strong first quarter of 2021, achieving net revenue of $744,000, up 154% compared to $293,000 in Q1 2020. The performance surpassed the company's guidance of $660,000. The agency business surged 73% year-over-year, earning $428,000. Additionally, subscriptions for Vocal+ grew significantly, hitting over 25,000 subscribers with a goal of 100,000 by year-end. The company anticipates Q2 revenues between $1 million and $1.2 million, and total 2021 revenues of $5 million to $7 million.

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 CM: CRTD) has successfully closed a $4.0 million private placement of convertible notes and warrants led by Lind Global Macro Fund. The funding, which features a conversion price of $5.00 per share, is projected to yield net proceeds of approximately $3.5 million for corporate purposes and enhanced marketing. The placement also includes 1,090,908 warrants exercisable at $4.50 per share. This strategic financing is expected to accelerate Creatd's growth and support its mission within the creator economy.

Creatd, Inc. (Nasdaq CM: CRTD) announces the Create Your Happiness Challenge in partnership with Fiskars, aiming to inspire creativity through a storytelling contest featuring personal hobbies. Submissions open until June 11, 2021, encouraging participants to share unique stories that reference Fiskars' iconic scissors. This collaboration aims to engage creators and promote brand interaction, as highlighted by Fiskars' dedication to enhancing creativity with over 350 years in the craft industry.

Creatd, Inc. (Nasdaq CM: CRTD) launched the Color is Pride: The True Colors Challenge on May 3, 2021, in partnership with Moleskine. This poetry contest encourages Vocal creators to share original poems reflecting diversity and inclusion. Unlike previous challenges, this will award 15 winners a total of $30,000 ($2,000 each) to celebrate the LGBTQ+ community during Pride Month. Winners will also collaborate with Moleskine for its campaign. Submissions are open until May 16, 2021.

Creatd, Inc. (Nasdaq CM: CRTD) announced plans to launch the OG Gallery, an NFT art gallery for digital collectibles from the OG Collection, comprising over 100,000 images linked to media mogul Bob Guccione. The collection, valued at $5-$7 million, includes rare artwork and photographs. This launch is part of the Company's strategy to leverage its intellectual property and explore blockchain technologies to enhance value for creators. The OG Gallery will further the Company’s mission to revitalize and monetize legacy content, aligning with Creatd's creator-first approach.