Auddia Launches faidr 3.1 with AI Enhancements
Newest Technology Enhances Listener Experience and Provides Users More Control
Upgrades Expected to Increase User Base and Subscription Revenue
Investor Webcast and Updated Presentation Today at 4:30 pm ET at the Investor Summit
Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. The Company announced the launch of faidr 3.1 with product improvements aimed at driving enhanced user metrics to support increased subscription revenue. An investor webcast and updated presentation is scheduled for today at 4:30 pm ET at the Investor Summit.
Key Features of faidr 3.1
“The overarching goal of Auddia since launching faidr has been to continuously improve the app and its capabilities to drive towards user metrics that provide a favorable return on advertising spend. We have known for some time based on our cost to secure an install of faidr on the free tier that consumers respond very positively to the message of listening to AM/FM radio streams without commercials. To obtain the level of growth that transitions this consumer interest into meaningful revenue, the Company has been focused on adding new capabilities and more value to faidr to convert this consumer interest into retained users at rates that can drive significant revenue from subscribers,” said Jeff Thramann, Executive Chairman of Auddia.
Recent updates include podcasting enhancements and differentiated listening experiences. Users can still skip forward and backward while listening to podcasts, but with Auddia’s newest technology, they can have more intelligent control. Through the Forward+ feature, consumers can skip entire content segments such as chapters or ad breaks with a single press of the forward control. The Seamless feature allows consumers to automatically avoid ads through a subscription tier that shares revenue with the podcast creator. The Company recently announced its first podcast partner for the subscription-based Seamless product.
User Experience Analysis
Recent and ongoing faidr 3.1 initiatives are the result of extensive user experience analysis by an outside firm that specializes in recommending app improvements likely to improve user interactions and key metrics.
Future Expansion and Integrations
Theo Romeo, Chief Product and Marketing Officer for Auddia, expressed excitement about the consumer response to Forward+ and Seamless. “Our recent and upcoming additions are all aimed at improving retention such that we can confidently expand the user base on the free tier, gaining access to a much larger audience for converting free users to subscribers. No other platform can give consumers access to commercial-free AM/FM streaming and podcasting in the same app,” he stated. Auddia is also working on improvements for automobile access with Android Auto and Apple CarPlay integrations, as well as expansion into other platforms such as desktop and home control systems.
Improvements and Expectations
Auddia has recently completed the integration of a new onboarding process to faidr, alongside the addition of Forward+ and Seamless in collaboration with podcast partners. Android Auto and Apple CarPlay integrations are expected to be announced soon, followed by further improvements in the listening experience. The Company is optimistic that faidr 3.1 and future enhancements will translate into a larger user base and growing subscription revenue.
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification and related technologies, is reshaping consumer engagement with AM/FM radio, podcasts, and other audio content. The flagship audio superapp, faidr, introduces industry-first offerings such as subscription-based, ad-free listening on any AM/FM radio station and podcasts with interactive digital feeds, supporting deeper stories and unlocking new revenue streams for podcasters. faidr also delivers exclusive content and playlists, showcasing exciting new artists curated by DJs. These differentiated offerings target large, rapidly growing audiences with strong purchase intent.
Frequently Asked Questions
What improvements does faidr 3.1 bring?
Faidr 3.1 introduces enhancements like the Forward+ feature, Seamless ad-free listening, and improved podcast experiences.
How does Auddia plan to increase subscription revenue?
By attracting more users with advanced features and a seamless listening experience, Auddia aims to convert free users into paying subscribers.
What is the significance of the Investor Summit webcast?
The webcast will provide updates on Auddia's performance and future strategies, offering insights to investors.
What partnerships have been established with faidr?
Auddia has announced its first podcast partner for the Seamless product, enhancing user experiences with exclusive content.
How does Auddia differentiate itself in the audio streaming market?
Auddia offers commercial-free listening on both AM/FM radio and podcasts, which is a unique feature among audio streaming platforms.
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