CuriosityStream Announces Quarterly Dividend Increase

Rhea-AI Summary

CuriosityStream (CURI) has announced a 20% increase in its quarterly dividend, raising it from $0.025 to $0.03 per share. The dividend will be paid in cash on March 28, 2025, to shareholders of record as of March 14, 2025.

CEO Clint Stinchcomb attributed the increase to confidence in the company's strategy and financial performance. He highlighted growth in direct subscription businesses and revealed a new revenue stream from data licensing for AI model training. The company is collaborating with technology companies to provide extensive video and audio content for AI training purposes.

Positive

• 20% increase in quarterly dividend from $0.025 to $0.03 per share
• New revenue stream from AI data licensing partnerships
• Growth reported in direct subscription business
• Strong demand for content assets from tech companies for AI training

Negative

• None.

Company Signals Revenue Growth from Content Licensing for AI Training

SILVER SPRING, Md.--(BUSINESS WIRE)-- CuriosityStream Inc. (Nasdaq: CURI), a leading global factual entertainment company, today announced that on January 30^th, 2025, its Board of Directors increased the previously announced dividend to be paid on March 28, 2025, from $0.025 per share of issued and outstanding Common Stock to $0.03 per share. This reflects a 20% increase over the previous quarter’s dividend. The dividend is payable in cash on March 28, 2025, to shareholders of record as of the close of business on March 14, 2025.

“This dividend increase reflects the confidence we have in our team, our strategy, and our financial performance. In addition to continued growth in our direct subscription businesses, our future will be further powered by significant data licensing revenue for AI model training and tuning,” said Clint Stinchcomb, President and CEO of CuriosityStream. “We’re working with leading technology companies to deliver hundreds of thousands of hours of video and audio to meet the exceptional demand for premium assets required for training next-gen AI models.”

Cautionary Statements Regarding Forward-Looking Information

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers’ valuation of factual content, and the Company’s continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “predicts” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under “Risk Factors” in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2023, that the Company filed with the Securities and Exchange Commission (the “SEC”) on March 25, 2024, and in CuriosityStream’s other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety. Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.

In addition to factors previously disclosed in CuriosityStream’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream’s ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream’s subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream’s ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.

About CuriosityStream Inc.

CuriosityStream Inc. is the entertainment brand for people who want to know more. The global media company is home to award-winning original and curated factual films, shows, and series covering science, nature, history, technology, society, and lifestyle. With millions of subscribers worldwide and thousands of titles, the company operates the flagship Curiosity Stream SVOD service, available in more than 175 countries worldwide; Curiosity Channel, the linear television channel available via global distribution partners; Curiosity University, featuring talks from the best professors at the world's most renowned universities as well as courses, short and long-form videos, and podcasts; Curiosity Now, Curiosity Explora, and other free, ad-supported channels; Curiosity Audio Network, with original content and podcasts; and Curiosity Studios, which oversees original programming. Curiosity Inc. is a wholly owned subsidiary of CuriosityStream Inc. (Nasdaq: CURI). For more information, visit CuriosityStream.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250131118888/en/

CuriosityStream Investor Relations

Vanessa Gillon

IR@CuriosityStream.com

Source: CuriosityStream

FAQ

What is CuriosityStream's new quarterly dividend amount for March 2025?

CuriosityStream's new quarterly dividend is $0.03 per share, payable on March 28, 2025, representing a 20% increase from the previous $0.025 per share.

When is the record date for CURI's March 2025 dividend?

The record date for CuriosityStream's March 2025 dividend is March 14, 2025.

How is CuriosityStream expanding its revenue streams in 2025?

CuriosityStream is expanding its revenue through data licensing partnerships with technology companies, providing video and audio content for AI model training, alongside growth in direct subscription businesses.

What percentage increase did CURI announce for its quarterly dividend?

CuriosityStream announced a 20% increase in its quarterly dividend.