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InvestorNewsBreaks – 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.”

To view the full press release, visit https://ibn.fm/86Hj9

About Friendable Inc.

Friendable is a mobile technology and marketing company focused on developing and identifying products, services and brand opportunities with mass market potential and scalability. The company published its first mobile application in the Apple App Store and Google Play Store in 2014 in the social networking and dating category. The Friendable app achieved more than 1.5 million downloads and top-10 worldwide rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as up-and-coming independent artists. Friendable has since pivoted its business focus to its music artist offering, a one-of-a-kind 360 artist platform. The offering now includes music production/collaboration, music distribution (Spotify, Sound Cloud, Play Listing), livestream/live events, promotions, ticket sales, behind the scenes, merch designs/store/ship, tips, fan interaction, subscription offerings and more, which all equal revenue sharing and earning for all music artists. It is the company’s goal to become the new launch point for indie artists, as well as artists at all levels, as they build engagement, revenue and fans/followers. Launched on July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans alike as performances shifted from the stage to the screen, with its acquisition of Artist Republik and FeaturedX in January 2022. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures. For more information about the company, visit www.Friendable.com.

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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