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Auddia Announces Launch of faidr 3.1 With New AI Functionality
AuddiaAuddia(US:AUUD) GlobeNewswire News Roomยท2024-08-20 10:57

Core Insights - Auddia Inc. has launched faidr 3.1, enhancing user experience and aiming to increase subscription revenue through improved user metrics [1][5] - The company is focusing on converting consumer interest in ad-free AM/FM radio and podcasts into retained users and significant revenue [1][4] Product Enhancements - The new features in faidr 3.1 include Forward+ for skipping content segments and Seamless for ad-free listening on partner podcasts, which are expected to improve user engagement [2][4] - Auddia has integrated a new onboarding process and is planning further enhancements, including Android Auto and Apple CarPlay integrations [4][5] Market Strategy - The company aims to expand its user base on the free tier to facilitate the conversion of free users to subscribers, leveraging its unique offerings in the audio streaming market [4][6] - Auddia's strategy includes providing exclusive content and playlists, targeting large audiences with strong purchase intent [6][7]