Curiositystream Inc Stock Price, News & Analysis

CuriosityStream Inc. (CURI) reported a strong second quarter of 2022, achieving revenue of $22.3 million, a 46% increase year-over-year. The company's net cash used in operating activities decreased by over 50% sequentially. Despite a slight decline in gross profit (from $9.6 million to $9.4 million), total paying subscribers rose to approximately 25 million, marking over a 25% increase year-over-year. However, the net loss widened to $(16.0) million compared to $(8.3) million in the previous year. The company anticipates Q3 2022 revenue between $21 - $23 million.

Curiosity Inc. announces the launch of the Weekly Scholar, a new email newsletter from One Day University, featuring short video clips of lectures from top professors. Released every Wednesday, the newsletter is free for registered users and aims to cater to a growing audience of lifelong learners. The inaugural edition focuses on themes such as America and the World. Since its acquisition by Curiosity Inc. in May 2021, One Day University has expanded to over 42,000 paid members and nearly 70,000 registered users, showcasing a range of educational topics.

Curiosity (Nasdaq: CURI) has partnered with Macademia to integrate the Da Vinci Kids educational platform into Curiosity's Smart Bundle. This addition enhances Curiosity's offerings, which already include multiple subscription services aimed at delivering educational entertainment. The Smart Bundle subscription, priced at $69.99 annually, provides access to diverse content across various platforms. Curiosity aims to deliver more family-friendly educational options, strengthening its market presence.

CuriosityStream Inc. (NASDAQ: CURI) is set to release its second quarter 2022 financial results on August 15, 2022, after market close. The company will follow up with a Q&A conference call at 5:00 p.m. Eastern Time. Investors can participate via a live audio webcast on the CuriosityStream Investor Relations website or join by phone. CuriosityStream operates a premium SVOD service with approximately 24 million subscribers and offers factual content across various platforms, including the Curiosity Channel and Curiosity Studios.

Curiosity Inc. has partnered with iHeartMedia to launch the Curiosity Audio Network, aiming to develop and release various podcasts throughout the year. This network will feature original content alongside existing programming from Curiosity's documentary library. The first podcast series, One Day University, is currently live, with plans for additional projects, including a co-produced original podcast on the life of Dean Reed. Curiosity has around 24 million subscribers globally across its video platforms, enhancing its position in factual media.

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.