Curiositystream Inc - CURI STOCK NEWS

CuriosityStream (NASDAQ: CURI) reported a robust start to 2021, achieving $9.9 million in revenue, up from $7.5 million a year earlier. The company experienced significant growth with 16 million paying subscribers, marking a 28% increase year-over-year. On the downside, the net loss increased to $(18.8) million compared to $(11.8) million in Q1 2020. CuriosityStream announced the acquisition of One Day University, which enhances its content offerings. For 2021, the company expects revenue of at least $71 million, indicating 80% growth.

CuriosityStream (NASDAQ: CURI) will release its Q1 2021 financial results on May 11, 2021, post-market. A conference call will follow at 5:00 p.m. ET for discussion and Q&A, accessible via audio webcast or phone. CuriosityStream is recognized as a leading factual streaming service, offering thousands of documentary titles in Ultra HD 4K across various platforms, including Roku and Amazon Prime Video. The company emphasizes its dedication to educational storytelling and viewer engagement.

CuriosityStream Inc. (CURI) reported strong financial results for Q4 2020 and the full year. Q4 revenue reached $11.4 million, up from $6.7 million YoY, with a total of 15 million subscribers, a 50% increase. Despite a net loss of $(15.7) million, the full year revenue soared to $39.6 million, a growth from $18.0 million in 2019. The company anticipates at least $71.0 million in revenue for 2021, projecting an 80% growth. CuriosityStream also raised $100 million in a follow-on offering, bolstering its balance sheet.

CuriosityStream (NASDAQ: CURI) will announce its fourth-quarter and full-year financial results for 2020 on March 23, 2021, after market close. A Q&A conference call will follow the announcement at 5:00 p.m. ET. The live audio webcast will be accessible on the CuriosityStream Investor Relations website, and a replay will be available for two weeks. The press release emphasizes CuriosityStream as a leading factual streaming service, offering diverse documentary content across multiple platforms globally.

CuriosityStream (NASDAQ: CURI) has announced its largest-ever investment in original programming for 2021, producing more original hours than in its history. This new slate promises diverse documentaries covering topics like nature, science, and history. Key titles include Rescued Chimpanzees of the Congo, Doug To the Rescue, and The History of Wall Street, among others. CuriosityStream aims to enhance its extensive library to cater to a growing viewer base, reinforcing its position as a leading factual streaming service.

CuriosityStream (CURI) has appointed Ashley Huston as the new Vice President of Communications. Huston, a seasoned media professional, previously led communications at Quartz and held senior roles at Dow Jones and The Wall Street Journal. She will manage internal and external communications as the company aims for growth and expansion in the factual media sector. President and CEO Clint Stinchcomb expressed enthusiasm for Huston's appointment, highlighting her experience in strategic communications and brand development during transformative times.

CuriosityStream Inc. (NASDAQ: CURI) reported that underwriters fully exercised their over-allotment option, resulting in the purchase of an additional 975,000 shares at $13.50 each, contributing to total gross proceeds of approximately $100.9 million from a public offering of 7,475,000 shares. The funds will be allocated for program content investment, marketing, and general corporate purposes. BofA Securities led the offering, with others including Needham & Company participating as co-managers.

CuriosityStream Inc. (NASDAQ: CURI) has announced the pricing of a public offering of 6,500,000 shares of its common stock at $13.50 per share, totaling approximately $87.7 million in gross proceeds. The offering is expected to close on February 8, 2021, pending customary conditions. An additional 975,000 shares may be purchased by underwriters within 30 days. The funds will be allocated towards investment in program content, marketing, and general corporate purposes. BofA Securities is managing the offering.

CuriosityStream (NASDAQ: CURI) announced an underwritten public offering of 6,500,000 shares of its common stock, with an option for underwriters to purchase an additional 975,000 shares. The offering, managed by BofA Securities, is dependent on market conditions, and its terms are not yet finalized. CuriosityStream plans to utilize the net proceeds for investment in program content, marketing, and general corporate purposes. A registration statement has been filed with the SEC, but it is not yet effective, restricting the sale of these securities until then.