Welcome to our dedicated page for CuriosityStream news (Ticker: CURI), a resource for investors and traders seeking the latest updates and insights on CuriosityStream stock.
CuriosityStream Inc. (CURI) is a leading media and entertainment company founded by John S. Hendricks, the visionary behind Discovery Communications and the Curiosity Project. CuriosityStream specializes in delivering premium factual entertainment, designed to inform, enchant, and inspire audiences worldwide.
The company offers an extensive library of over 1,500 documentaries covering a wide range of topics including science, history, society, nature, lifestyle, and technology. New content is added weekly to ensure viewers always have fresh material that satisfies their curiosity.
CuriosityStream's core business operations are divided into several key areas:
- Direct to Consumer Business: The primary revenue stream, offering subscriptions directly to individual viewers.
- Partner Direct Business: Collaborations with other platforms to distribute content.
- Bundled Distribution: Packaging their content with other services or products.
- Content Licensing: Licensing their documentaries to third-party platforms.
- Enterprise Subscriptions: Offering tailored content solutions for educational institutions and corporate clients.
CuriosityStream continues to expand its reach through strategic partnerships and innovative projects. This commitment to growth and innovation ensures the company remains at the forefront of factual entertainment. With a mission to inspire and educate, CuriosityStream is a valuable resource for anyone with a thirst for knowledge.
Stay updated with the latest developments and achievements of CuriosityStream Inc. to understand its impact and significance in the media landscape.
CuriosityStream Inc. (NASDAQ: CURI) reported Q2 2024 financial results, marking its second consecutive quarter of positive net cash from operating activities. The company achieved its highest quarterly Adjusted Free Cash Flow of $2.5 million and initiated a share repurchase program for up to $4 million. Key highlights include:
- Revenue of $12.4 million, down from $14.1 million in Q2 2023
- Gross profit increased to $6.4 million from $4.2 million year-over-year
- Net loss narrowed to $2.0 million from $9.6 million in Q2 2023
- Direct revenue grew 17% year-over-year and 3% sequentially
- Cash balance of $39.6 million with no debt as of June 30, 2024
The company also declared a quarterly cash dividend of $0.025 per share and provided Q3 2024 guidance with revenue expected between $12.0 - $14.0 million and Adjusted Free Cash Flow between $1.5 - $3.0 million.
CuriosityStream Inc. (NASDAQ: CURI), a leading global factual media company, has announced that it will release its second quarter 2024 financial results on Tuesday, August 13, 2024, after market close. The company will host a Q&A conference call to discuss these results at 5:00 p.m. Eastern Time on the same day.
Investors and analysts can participate in the call by dialing toll-free at (888) 510-2008 or internationally at (646) 960-0306, using the conference ID 3957505. A live audio webcast of the call will be available on the CuriosityStream Investor Relations website. An audio replay will be accessible for two weeks following the call on the same website.
Curiosity Inc. (Nasdaq: CURI) has launched its free, ad-supported streaming TV (FAST) channel, Curiosity Now, on VIZIO (NYSE: VZIO) WatchFree+. This expansion brings Curiosity's premium documentary content to millions of U.S. viewers through VIZIO's smart TV ecosystem. Curiosity Now, found on channel #1272 in the History + Documentary section, offers award-winning films and series like Engineering the Future, Beyond the Spotlight, and Butterfly Effect.
This collaboration marks a significant milestone in Curiosity's FAST channel expansion strategy. It aligns with VIZIO's commitment to delivering immersive entertainment and Curiosity's mission to engage viewers with premium factual programming. The partnership also offers advertisers more precise audience targeting compared to traditional TV advertising.
Curiosity Stream has announced a new distribution partnership with Harbour Rights, an international distribution company based in Hong Kong. This strategic alliance will bring Curiosity Stream's premium content to a wider audience across various platforms, including TV, VOD, and inflight entertainment, in multiple territories across Asia.
The content includes a variety of genres such as science, technology, history, nature, home, food, and culture, produced by renowned companies like Appian Way Productions and Terra Mater Studios. Notable series such as 'Ancient Engineering,' 'Deep Time History,' and 'Secrets of the Universe' will be part of this offering.
Ludo Dufour, VP of Licensing at Curiosity, expressed excitement about leveraging Harbour Rights' expertise to penetrate new markets in Asia. Teremoana Seguin, Managing Director at Harbour Rights, highlighted the partnership's potential to diversify their program offerings amidst a changing media landscape in Asia.
CuriosityStream (Nasdaq: CURI) will participate in the Singular Research Summer Solstice Conference, held both virtually and in person in New York City on June 20, 2024. President and CEO Clint Stinchcomb will represent the company and engage in one-on-one meetings. The company's presentation is scheduled for 10:30AM ET (7:30AM PT). Attendees can register at the given link, and in-person attendance inquiries can be directed to Singular Research.
Curiosity Inc. (NASDAQ: CURI) announces the launch of Curiosity Stream's 'Summer Doc-Busters,' featuring a series of blockbuster-style documentaries. The event kicks off today with the premiere of 'Fateful Planet,' a 5-episode series exploring cosmic and geologic forces that have shaped Earth. Other highlights include 'The Real Wild West,' 'Storm Chaser's Guide,' 'Spider Vision: Decoding Color,' 'ROME,' and 'Asteroid Rush.' The series aims to provide audiences with engaging and thrilling educational content, combining field research, stunning visualizations, and expert insights. This summer-long celebration promises an unforgettable viewing experience.
CuriosityStream (NASDAQ: CURI) has announced that its Board of Directors has approved a share repurchase program, authorizing the buyback of up to $4 million of its common stock.
The program will involve potentially repurchasing shares through various methods, including open market purchases and privately negotiated transactions, in compliance with federal securities laws.
The company highlighted that repurchases would depend on several factors including stock price, market conditions, and other investment opportunities.
Notably, there is no set expiration date for the program, and it can be modified or discontinued at the company's discretion.
Share repurchase updates will be provided in the company's periodic SEC filings.
CuriosityStream (Nasdaq: CURI), a global factual entertainment and media company, announced that President and CEO Clint Stinchcomb will present at the 18th Annual Barrington Research Virtual Spring Investment Conference on May 16, 2024. Stinchcomb will join a fireside chat at 11 AM ET hosted by Barrington's Patrick Sholl and will also engage in one-on-one meetings.
CuriosityStream Inc. (NASDAQ: CURI) reported positive financial results for Q1 2024, including a net cash from operating activities and adjusted free cash flow for the first time. The company declared a dividend of $0.025 per share, showcasing a strong position for 2024. Revenue slightly decreased but gross profit increased. The company achieved 100,000 paying subscribers for Curiosity University and launched Kidstream. Business highlights include new content licensing agreements, original series releases, and upcoming programming stunts. CFO transition announced with Peter Westley resigning and Brady Hayden appointed as CFO. Financial outlook for Q2 2024 is positive.
Curiosity Inc. and Estrella MediaCo are partnering to launch new Spanish-language FAST channels on Samsung TV Plus. The channels, including Curiosity Español, Curiosity Animales, and Curiosity Motores, will feature award-winning documentaries and factual programming. This strategic collaboration aims to provide high-quality content to a broader audience and offer advertisers precise audience targeting.
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