Approximately 20 million subscribers for CuriosityStream

Tuesday, November 9th, 2021 
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CuriosityStream Announces Third Quarter 2021 Financial Results

  • Increased 2021 revenue visibility to 100% with $71 million committed
  • Third quarter 2021 revenue of $18.7 million, up 114% year-over-year
  • Grew direct subscribers 50% year-over-year
  • Announced enhanced strategic partnership with and investment into Nebula, the world’s largest creator-owned streaming and technology platform

SILVER SPRING, Md. — CuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, today announced its financial results for the third quarter ended September 30, 2021.

“The triple-digit revenue growth we generated during the third quarter is a testament to the success of our unique, multifaceted content monetization strategy and the broad appeal of our award-winning factual content. With business momentum continuing into the fourth quarter, we are thrilled to announce that 100% of our fiscal year 2021 revenue target of $71 million is now committed,” said Clint Stinchcomb, President & CEO. “As we accelerate the pace of new content additions to our platform this quarter to the highest level in our company’s history, we are laying the groundwork for attractive long-term growth as we fulfill our mission to satisfy humanity’s enduring curiosity about our world with premium factual content that informs, enchants and inspires.”

Third Quarter 2021 Financial Results

  • Revenue of $18.7 million, up from $8.7 million in the third quarter of 2020;
  • Total paying subscribers approximately 20 million, up 43% year-over-year;
  • Gross margin of 49% compared to 61% in the third quarter of 2020;
  • Net income of $0.8 million compared to net loss of $(6.7) million in the third quarter of 2020; and
  • EBITDA of $(7.9) million compared to EBITDA of $(6.7) million in the third quarter of 2020.

Third Quarter 2021 Business Highlights

  • Entered into an enhanced strategic partnership with and investment into Nebula, the world’s largest creator-owned streaming and technology platform with 350,000 paying subscribers and 140+ active creators who have over 120 million combined YouTube subscribers;
  • Premiered RESCUED CHIMPANZEES OF THE CONGO WITH JANE GOODALL, SECRETS OF CIVILIZATION,and BECOMING MARTIAN, a new season of BUTTERFLY EFFECT, new episodes of FASTER and BREAKTHROUGH,and our acclaimed feature-doc HEVAL; and
  • Announced a multi-year distribution partnership with fuboTV, the leading sports-first live TV streaming platform.

Financial Outlook

For the full year 2021, CuriosityStream continues to expect the following:

  • Revenue of at least $71 million, representing 80% year-over-year growth

Links: CuriosityStream