- The company reported growth across multiple areas in March 2022, including number of customers and subscriptions, spend per customer and revenue per subscriber
- The Friendable 360 artist offering provides independent artists with multiple production, distribution, and marketing opportunities, as well as several ways to earn revenue
- The new corporate presentation details the upcoming NFT and virtual offering for artists to digitize their music
Friendable (OTC: FDBL), a mobile technology and marketing company offering independent music artists control over their music through a 360 artist offering, has announced the release of a new corporate presentation that clearly outlines the company’s 2022 strategy (https://ibn.fm/30Usp). The company also released key metrics highlighting its overall growth for March 2022 over February 2022, showing increased traction, revenue, and user retention. The key metrics reported for March 2022 over February 2022 by the company include:
- New Customers – +55.6%
- New Subscribers – +38%
- Spend per Customer – +5.2%
- Revenue per Subscriber – +4.2%
- Subscriber Lifetime Value – +23.5%
- Subscriber Churn/Cancelation Rate – -15.6%
Robert A. Rositano, Jr., CEO of Friendable, reflected on the recent key metric report and overall company growth, stating that one of the most rewarding parts of building the brand and positioning the company in the independent artist marketplace was the feedback received from artists on how the Friendable offering can better support their journey to…
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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