Auddia Announces Acceleration of User Retention Momentum into Q4 in Support of Subscription Revenue Growth in 2025
2024年12月4日 - 10:01PM
Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the
“Company”), a technology company that has built a proprietary AI
platform for audio identification and classification to reinvent
how consumers engage with audio, today announced it has accelerated
its 30-day user retention metrics to 21% in October, far exceeding
its internal goal of 10% and continuing its upward momentum from
the summer as a result of its new product and marketing
initiatives.
“It is extremely encouraging to see continuation of the
favorable response from consumers to the steady pace of product and
marketing improvements we have been delivering to the faidr app
throughout the year,” said Theo Romeo, Auddia’s Chief Marketing and
Product Officer. “We have a robust pipeline of additional product
enhancements to faidr, many of which have tested well with
consumers during their feature evaluation stage. We expect these
improvements will continue to support favorable retention and use
of the faidr app as we transition to driving subscription revenue
in 2025.”
Auddia has focused on growing its user retention for the past
year through a steady cadence of product enhancements that included
new ad-free podcast listening experiences, integrations into Apple
CarPlay and Android Auto, as well as numerous UX improvements under
its faidr 3.1 initiative. These efforts have resulted in compelling
gains in 30-day retention, growing from 5% to over 20% over the
past year. As the Company continues to add value to the listening
experience, it expects continued success with retention, which
serves as the baseline for conversions to the paid subscription
tier. Executions to optimize the conversion of subscriptions from
the free tier are starting this month with updated subscription
conversion metrics and new revenue expected to be reported in the
first quarter of 2025.
About Auddia Inc.Auddia, through its proprietary AI
platform for audio identification and classification, is
reinventing how consumers engage with AM/FM radio, podcasts, and
other audio content. Auddia’s flagship audio superapp, called
faidr, brings multiple industry firsts to the audio streaming
landscape that include:
- subscription based,
ad free listening on any AM/FM radio station
- content skipping
across any AM/FM station
- one touch skipping
of entire podcast ad breaks
- subscription based,
ad free listening to podcast partners
faidr also delivers exclusive content and playlists, and
showcases exciting new artists, hand-picked by curators and DJs.
For more information, visit: www.auddia.com
Forward-Looking StatementsThis press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 about the Company's current expectations about future
results, performance, prospects and opportunities. Statements that
are not historical facts, such as "anticipates," "believes" and
"expects" or similar expressions, are forward-looking statements.
These forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
Company's current plans and expectations, as well as future results
of operations and financial condition. These and other risks and
uncertainties are discussed more fully in our filings with the
Securities and Exchange Commission. Readers are encouraged to
review the section titled "Risk Factors" in the Company's Annual
Report on Form 10-K for the year ended December 31, 2023, as well
as other disclosures contained in the Annual Report and subsequent
filings made with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made
as of this date and the Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor Relations:Kirin Smith, PresidentPCG Advisory,
Inc.ksmith@pcgadvisory.comwww.pcgadvisory.com
Auddia (NASDAQ:AUUDW)
過去 株価チャート
から 11 2024 まで 12 2024
Auddia (NASDAQ:AUUDW)
過去 株価チャート
から 12 2023 まで 12 2024