NetworkNewsBreaks – Friendable Inc. (FDBL) Repor
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Posted On: 04/26/2022 6:01:51 PM
NetworkNewsBreaks – Friendable Inc. (FDBL) Reports Increase on Key App Subscriber Growth Indicators
Friendable (OTC: FDBL), a mobile technology and marketing company, a mobile technology and marketing company, is reporting on monthly metrics and growth following January 2022 acquisition of Artist Republik. According to the announcement, initial trends from the Artist Republic music distribution and related services division show key indicators of growth. Specifically, the company reported revenue per subscriber was up more than 100%, with an average of $10.72 per subscriber; spend per customer grew almost 295, averaging $34.12 per customer; and subscriber “lifetime value” also increased, growing more than 168% to reach a $214.45 average. “The reward of seeing results continue to motivate and point our team in the right direction, as our collective efforts of testing, iterating, testing, testing, and more testing pay off,” said Friendable CEO Robert Rositano in the press release. “We must constantly look at the macro vision and direction, but it’s the micro levels of detail that provide the most valuable data as we seek the next milestones in artist sign ups, fan engagement and conversions to purchases of all kinds, which is what the above results are showing us. We are and continue to be on the correct path, doing everything at a pace the business can keep up with as we eye our opportunity for explosive growth. I can’t say it enough, but without our talented team internally and all of our partners we would certainly never have made it to this place, it’s sometimes hard to believe how far we have come with the launch of our first artist offering less than 20 months ago, an acquisition just over three months ago, and the team continues to move through each challenge and deliver an amazing product with an unmatched level of support, and that’s not coming from me, this is straight from the artists and reviews being received by the company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Friendable (OTC: FDBL), a mobile technology and marketing company, a mobile technology and marketing company, is reporting on monthly metrics and growth following January 2022 acquisition of Artist Republik. According to the announcement, initial trends from the Artist Republic music distribution and related services division show key indicators of growth. Specifically, the company reported revenue per subscriber was up more than 100%, with an average of $10.72 per subscriber; spend per customer grew almost 295, averaging $34.12 per customer; and subscriber “lifetime value” also increased, growing more than 168% to reach a $214.45 average. “The reward of seeing results continue to motivate and point our team in the right direction, as our collective efforts of testing, iterating, testing, testing, and more testing pay off,” said Friendable CEO Robert Rositano in the press release. “We must constantly look at the macro vision and direction, but it’s the micro levels of detail that provide the most valuable data as we seek the next milestones in artist sign ups, fan engagement and conversions to purchases of all kinds, which is what the above results are showing us. We are and continue to be on the correct path, doing everything at a pace the business can keep up with as we eye our opportunity for explosive growth. I can’t say it enough, but without our talented team internally and all of our partners we would certainly never have made it to this place, it’s sometimes hard to believe how far we have come with the launch of our first artist offering less than 20 months ago, an acquisition just over three months ago, and the team continues to move through each challenge and deliver an amazing product with an unmatched level of support, and that’s not coming from me, this is straight from the artists and reviews being received by the company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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