Creatd Inc Stock Price, News & Analysis

Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of 'Earth,' its 37th creator community on Vocal, aimed at promoting discussions on environmental topics. This initiative stems from previous successful environmental Challenges, reflecting strong creator interest. The launch includes a 'Wave Makers' Challenge with a $2,500 cash prize and a donation to Waterkeeper Alliance, focusing on clean water initiatives. The new community caters to a growing audience and highlights Creatd's commitment to environmental issues, aligning with its mission to empower creators.

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 CM: CRTD) announced the launch of its 36th creator community, Confessions, on March 25, 2021. This community allows creators to share personal stories about secrets and embarrassing moments. The initiative aims to enhance user engagement on Vocal, the company's primary platform. Additionally, a (No) Regrets Challenge with a $5,000 prize was introduced to celebrate the launch. Company founder Justin Maury emphasized the importance of empowering creators and the dual commitment to product development and community building.

Creatd, Inc. (Nasdaq CM: CRTD) will host a webcast on March 31, 2021, at 11 a.m. EST to discuss its Q4 and full year 2020 financial results, which will be released prior to market opening. The session will include a review of financial metrics and new strategic technology initiatives for 2021, along with a Q&A session with management. Participants are encouraged to join early and may submit questions in advance. Details for registration are provided in the release.

Creatd, Inc. (Nasdaq CM: CRTD) announced the launch of Vocal's "Dream Date" Challenge in partnership with Bright Cellars, a wine subscription service. The challenge invites Vocal creators to submit fiction stories about first dates, creatively incorporating a glass of Merlot. Submissions are due by April 20, 2021, and will be judged based on creativity and storytelling quality. CEO Jeremy Frommer emphasized the success of direct-to-consumer brands using data to enhance user experience, while Bright Cellars aims to build a community of wine lovers through collaboration with Vocal.

Creatd, Inc. (Nasdaq CM: CRTD) announced that its premium membership program, Vocal+, has surpassed 20,000 subscribers, with current numbers exceeding 23,200 subscribers. The company plans to publicly display the total number of Vocal+ subscribers on its platform. CEO Jeremy Frommer expressed confidence in reaching the goal of 100,000 paying subscribers by year-end. With more than 900,000 freemium Vocal creators, the company positions itself as a leading platform for creators.

Creatd, Inc. (Nasdaq CM: CRTD) has launched its 35th community, FYI, dedicated to trivia and obscure knowledge. The community allows creators to share interesting stories, such as those focusing on lesser-known facts. In celebration, the Company is hosting the (Un) Common Knowledge Challenge, which offers a $2,500 prize for the best submission by March 23, 2021. Creatd emphasizes data-driven decisions to expand its platform and enhance creator engagement, ensuring a sustainable and interactive experience for users.

Creatd, Inc. (Nasdaq CM: CRTD) announced a partnership with Decider.com to launch the "If This, Then That" Vocal Challenge. This initiative invites creators to submit recommendations for streaming content, enhancing engagement with audiences. Decider aims to help viewers discover top shows and movies. The challenge offers substantial cash prizes: $10,000 for first place, $2,500 for second, and $1,000 for third. The challenge is open for submissions until March 30, 2021. This collaboration exemplifies Creatd's ongoing commitment to community engagement through innovative platforms.