Curiositystream Inc Stock Price, News & Analysis

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.

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.