Creatd Inc. Provides Earnings Guidance for the First Quarter, Second Quarter and Full Year of 2021
March 31, 2021 at 01:15 pm
Share
Creatd Inc. provided earnings guidance for the first quarter, second quarter and full year of 2021. For the first quarter, the company expects gross revenue in the range of $725,000 to $775,000, netting approximately $660,000.
For the second quarter, the company expects approximately $1.2 million in net revenues, comprising a conservatively estimated $600,000 of creator subscription revenues, and $400,000 - 600,000 of revenues from the Company's agency businesses.
For the full year, the company expects net revenue in the range of $5 million to $7 million.
Creatd, Inc. is a technology company focused on providing economic opportunities for creators. The Company operates through three segments: Creatd Labs, Creatd Ventures, and Creatd Partners. The Creatd Labs segment is focused on development initiatives. Creatd Labs segment houses the Company's technology, including its flagship platform, Vocal, as well as oversees the Company's content creation framework and management of its digital communities. Its flagship product, Vocal, delivers a long-form, digital publishing platform organized into engaged niche-communities. The Creatd Ventures segment builds, develops, and scales e-commerce brands. This segment sells products from its two majority-owned direct-to-consumer brands, Camp and Dune Glow Remedy. Creatd Partners segment fosters relationships between brands and creators through its suite of agency services, including content marketing (Vocal for Brands), performance marketing (Seller's Choice), and influencer marketing (WHE Agency).
CREATD, INC. 
