Quarterly ResultAug 13, 2026, 03:11 PM
Creatd Divests Flyte for $11.6M; Q2 Net Loss Widens to $(17.3)M
AI Summary
Creatd, Inc. reported a significant divestment and widening net loss for the six months ended June 30, 2026. The company sold its 80.02% equity interest in Fly Flyte, Inc. for $11.6 million. Concurrently, Creatd repurchased shares in Vocal, Inc. and OG Collection, Inc., increasing its ownership in both to 51% and restoring them as majority-owned subsidiaries. The net loss attributable to Creatd, Inc. common stockholders widened to $(17.3) million, compared to $(4.7) million in the prior year.
Key Highlights
- Divested 80.02% equity interest in Fly Flyte, Inc. for $11.6 million.
- Repurchased Vocal, Inc. shares for $111,291, increasing ownership to 51%.
- Repurchased OG Collection, Inc. shares for $74,400, increasing ownership to 51%.
- Net loss attributable to common stockholders: $(17.3) million for six months ended June 30, 2026.
- Net revenue: $377,668 for six months ended June 30, 2026.
- Total assets decreased to $9.82 million as of June 30, 2026.
- Basic and diluted loss per share from continuing operations: $(19.85) for six months ended June 30, 2026.
Price Impact
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