Friendable (OTC: FDBL), a mobile technology and marketing company, and its flagship Fan Pass Live artist platform have seen increased growth in several areas since acquiring Artist Republik and FeaturedX. “Recent key metrics reported by the company about the first 100 days of growth for the year (per stripe merchant reporting) included revenue per subscriber increasing by 107.3% (an average of $10.72 per subscriber), spend per customer increasing 28.3% (an average of $34.12 per customer), and subscriber lifetime value (‘LTV’) increasing 168.5% (an average LTV of $214.45),” a recent article reads. “The reward of seeing results continues 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 A. Rositano Jr. “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.”
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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. Friendable 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 over 1.5 million downloads, 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, SoundCloud, 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 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, visit https://ir.Friendable.com, www.FanPassLive.com and www.FeaturedX.com.
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