Auddia Inc. Announces Positive User Performance Metrics and Announces New Superapp Features for faidr, Its Commercial-free Streaming Radio App
BOULDER, CO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with radio, announced today positive user data with costs-per-install (CPI) through Q3 continuing to decline as the Company gains visibility to reaching a CPI below $2 as user adoption and organic customer referrals increase.
- Auddia is continuing to execute on the process of optimizing the user experience, improving performance metrics, and quantifying subscription conversion rates in preparation for providing 2023 revenue guidance with Q3 filings in mid-November.
- Auddia is hoping to exceed 8.5% with the most recent test, which concludes on November 9, 2022.
- To drive continued improvement across all key metrics and to optimize subscription conversion rates, the Company is adding podcasts and exclusive original content to faidr.
- There has been very little innovation to music streaming since the advent of Pandora, Spotify, Apple Music and other me-too streaming properties over the past decade.