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CuriosityStream Inc. reports developments tied to its global factual entertainment media business. The company operates the Curiosity Stream subscription video service, Curiosity Channel, Curiosity University, free ad-supported channels, Curiosity Audio Network and Curiosity Studios, with programming across science, nature, history, technology, society and lifestyle.
Recurring news for CURI includes quarterly and annual financial results, outlook updates, investor conference participation, dividend declarations, share repurchase activity, distribution partnerships and launches for Curiosity Stream. Company updates also cover content licensing, AI video model training and data licensing, sales and business development leadership, and the use of its factual programming library across subscription, linear, advertising-supported and partner-distribution channels.
CuriosityStream Inc. (NASDAQ: CURI) reported its Q4 and fiscal year results for 2022, highlighting a year-over-year improvement in Adjusted Free Cash Flow by over $22 million. Q4 revenue fell to $14.5 million from $27.3 million in 2021, while gross profit declined to $1.4 million, down from $10 million. The company posted a net loss of $(14.5) million for Q4, increasing from a $(11.4) million loss in 2021. However, full-year revenue grew to $78 million, a rise from $71.3 million. Changes in subscription pricing were announced, aimed at future growth, increasing monthly rates to $4.99 and annual rates to $39.99. The company maintains a strong balance sheet with over $50 million in cash and no debt.
Curiosity Inc. (NASDAQ: CURI) has unveiled its original films and series for spring and summer 2023, enhancing its streaming platform, Curiosity Stream. Premieres include the six-part series Lift The Ice on April 20, focusing on global warming, and the five-part series GIANTS on May 18, exploring large animals. Other highlights are The Real Wild West and Zombie Fungus Attack, among others. With 23 million subscribers and programming available in over 175 countries, Curiosity aims to provide engaging factual content covering various themes from science to history.
Curiosity Inc. (NASDAQ: CURI) has appointed Tom Pope as Vice President of Advertising and Sponsorships. With over 20 years of experience, Pope will spearhead sales and marketing efforts to secure new advertising deals and enhance existing partnerships. His previous roles at major media companies like Discovery Communications underscore his expertise in developing impactful branded campaigns. Clint Stinchcomb, CEO of Curiosity, praised Pope's proven leadership and strong client relations. Curiosity operates a variety of factual entertainment platforms, boasting 23 million subscribers worldwide, emphasizing its commitment to delivering high-quality content.
Curiosity (NASDAQ: CURI) has premiered a new docuseries titled CSI On Trial, which critiques common crime scene investigation methods. The 6-episode series, available on Curiosity Stream, reveals significant flaws in forensic practices that contribute to wrongful convictions. Narrated by filmmaker Molly Hermann, the series features insights from nearly 70 experts and aims to foster dialogue on the reliability of forensic science. Curiosity's Head of Content, Rob Burk, emphasizes the importance of understanding both the capabilities and limitations of forensic methods.
CuriosityStream Inc. (NASDAQ: CURI) announced the release of its financial results for Q4 2022 and the fiscal year ending December 31, 2022, scheduled for March 30, 2023, after market close. A Q&A conference call will be held at 5:00 p.m. ET to discuss the results, accessible via a live audio webcast on their Investor Relations website. CuriosityStream is a global factual media company with award-winning content across various genres, serving millions of subscribers in over 175 countries.
CuriosityStream Inc. (NASDAQ: CURI) reported third quarter 2022 revenue of $23.6 million, a 26% increase year-over-year, exceeding guidance expectations. The company achieved a 34% reduction in combined advertising, marketing, and G&A expenses, totaling $14.4 million. Despite an operating loss of $4.4 million and a net loss of $4.5 million, the EBITDA loss was $4.2 million, notably better than in the previous year. CuriosityStream continues to showcase robust subscriber retention and maintains a solid cash balance of $64.3 million with no debt, positioning itself for growth.
CuriosityStream Inc. (NASDAQ: CURI) will announce its third-quarter 2022 financial results on November 9, 2022, after market close. A Q&A conference call will be held at 5:00 p.m. Eastern Time to discuss these results. Investors can access the live audio webcast on the CuriosityStream Investor Relations website. The company, a leader in factual media with around 25 million subscribers, operates the CuriosityStream SVOD service across more than 175 countries.
Curiosity announced that over 500 audio courses from Learn25 are now available for purchase via Spotify's audiobook store. Ranging from $9.99-$21.99, these courses feature renowned professors and are designed for convenient learning in 25-minute modules. The expansion to Spotify marks a significant step as Learn25 is the second largest collection of factual audio and video courses. The audiobooks industry has seen rapid growth, with revenues of $1.67 billion, up 25% from 2020, indicating a robust demand for quality audio content.
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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.