CuriosityStream Inc. - CURI STOCK NEWS

Curiosity Inc. announces the production of Proof of Concept, a new original series hosted by Dianna Cowern, known as Physics Girl. The series will explore complex concepts like Infinity and Consciousness using games and interactive demos, aiming to engage a global audience. Featuring guests like comedians Reggie Watts and Maz Jobrani, the show intends to blend humor with deep scientific insights. Curiosity Inc. continues to expand its entertainment offerings, enhancing its position in the market with engaging educational content.

Curiosity Inc. has formed a partnership with TCL FFalcon to enhance the US distribution of its free ad-supported streaming channel, Curiosity Now. This channel features an extensive library of original and curated documentaries across various genres such as nature, history, and science. Initially launched earlier this year with LG, Curiosity Now will continue expanding its platform offerings. The collaboration aims to engage viewers, providing access to entertaining content that appeals to both adults and children.

CuriosityStream has appointed Peter Westley as its new Chief Financial Officer, succeeding Jason Eustace who held the role since February 2020. Westley brings extensive experience from Blum Capital Partners and has a significant background in media and technology sectors. His track record includes raising over $10 billion and advising on more than $2 billion in mergers and acquisitions. Westley aims to leverage his expertise to enhance financial performance and drive shareholder value for CURI.

CuriosityStream Inc. (CURI) reported a strong first quarter 2022, achieving revenues of $17.6 million, a 77% year-over-year increase. Total paying subscribers rose to approximately 24 million, a 50% growth. The company's gross profit slightly increased to $5.8 million, while net loss improved to $(15.9) million, compared to a loss of $(18.8 million) in Q1 2021. The firm aims for positive cash flow from operations and maintains a strong cash balance of $85 million. CuriosityStream also plans to expand its distribution through new Free, Ad-supported Streaming TV channels.

Financial outlook for H1 2022 estimates revenue between $38 - $40 million and EBITDA between $(35) - $(33) million.

CuriosityStream Inc. (NASDAQ: CURI) announced that Clint Stinchcomb, President and CEO, will participate in a virtual fireside chat at the 17th Annual Needham Technology & Media Conference. This event is scheduled for May 16, 2022, at 2:15 p.m. Eastern Time. Interested parties can register through the provided link. The chat will be webcast live and archived on the investor relations site.

CuriosityStream Inc. (NASDAQ: CURI) will announce its Q1 2022 financial results on May 12, 2022, post-market close. A Q&A conference call is scheduled for 5:00 p.m. Eastern Time on the same day. The call will be accessible via a live audio webcast on the CuriosityStream Investor Relations website. An audio replay will be available for two weeks afterward. As a leading global factual media company, CuriosityStream services over 23 million subscribers with original and curated content across various platforms.

Curiosity (NASDAQ: CURI) has announced the production of a new original documentary titled Kuishi na Simba—Living With Lions, which is set to premiere in 2023. Directed by Tanzanian filmmaker Erica Rugabandana and South African director Muneera Sallies, the film highlights a conflict between a lion pride and the Rugari family. It aims to present wildlife stories from an African perspective, focusing on wildlife conservation and human-animal coexistence. The film will be shot in 4K, enhancing its visual appeal for audiences.

CuriosityStream (NASDAQ: CURI) reported impressive financial growth for Q4 and full year 2021. Q4 revenue reached $27.3 million, up 140% year-over-year, while full year revenue hit $71.3 million, marking an 80% increase. Total paying subscribers grew over 50% year-over-year to approximately 23 million. The company plans to increase subscription pricing in 2022 to better reflect the value provided. Despite a net loss of $(37.6) million for 2021, the growth in revenue and subscriber base showcases strong market demand.

Curiosity Inc. has partnered with LG to launch Curiosity Now, a new free, ad-supported streaming channel available on LG Channels (channel #277) for LG Smart TVs (4.0 and newer). This channel offers a selection of original documentaries and series across various genres including nature, science, and history. Curiosity Now aims to enhance subscriber acquisition and brand partnerships, with notable programming such as Ancient Engineering and Secrets of the Brain. The company has around 23 million subscribers globally and operates the Curiosity Stream service.