Management to participate in fireside chat and one-on-one meetings at 28th Annual Needham Growth Conference January 14, 2026 SILVER SPRING, MARYLAND / ACCESS Newswire / January 8, 2026 / CuriosityStream Inc. (NASDAQ:CURI), a global factual entertainment company, today reiterated its financial outlook for the fourth quarter ended December 31, 2025, as previously disclosed. "We are reaffirming our fourth-quarter outlook, reflecting continued growth and disciplined execution across our business," said Clint St ...

Please let your Needham salesperson know if you would like to attend. For more information, please visit https://www.needhamco.com/conferences/28th-annual-needham-growth-conference/ About CuriosityStream Inc. CuriosityStream Inc. is the entertainment brand for people who want to know more. The global media company is home to award-winning original and curated factual films, shows, and series covering science, nature, history, technology, society, and lifestyle. With millions of subscribers worldwide and tho ...

Core Insights - CuriosityStream, Inc. is a leading global factual entertainment media company that will participate in one-on-one meetings at the 14th Annual ROTH Deer Valley Event in December 2025 [1]. Company Participation - Management of CuriosityStream will engage in one-on-one meetings during the event held from December 10th to 13th, 2025, at Montage Deer Valley, Park City, Utah [1].

Financial Performance - For the three months ended September 30, 2025, total revenues were $18.4 million, compared to $12.6 million for the same period in 2024, representing a year-over-year increase of 46%[57]. - Revenues for the three months ended September 30, 2025, were $18,359,000, a 46.0% increase from $12,604,000 in 2024; for the nine months ended September 30, 2025, revenues were $52,461,000, up 41.7% from $37,000,000 in 2024[92]. - The Company recognized $10.1 million in revenues for the nine months ended September 30, 2025, related to amounts deferred as of December 31, 2024[60]. - Direct-to-Consumer revenue for the three months ended September 30, 2025, was $5.7 million, accounting for 31% of total revenue, down from 62% in the same period of 2024[57]. - Revenue from the United States accounted for 84% of total revenue in Q3 2025, up from 60% in Q3 2024; for the nine months ended September 30, 2025, it was 78%, compared to 61% in 2024[92]. Cash and Investments - The company's cash and cash equivalents increased to $14,108,000 as of September 30, 2025, compared to $7,826,000 as of December 31, 2024, representing an increase of 80.5%[49]. - The total investments in debt securities amounted to $28,490,000 as of September 30, 2025, with Level 1 securities valued at $12,086,000 and Level 2 securities at $16,404,000[49]. - The company recorded restricted cash of $60,000 as of September 30, 2025, down from $125,000 as of December 31, 2024[49]. - The fair value of Private Placement Warrants was reported as $0 as of September 30, 2025, down from $88,000 as of December 31, 2024[56]. - The stock price of the Company was $5.30 as of September 30, 2025, compared to $1.53 as of December 31, 2024, reflecting a significant increase[74]. Losses and Expenses - The Company reported a net loss of $3.744 million for the three months ended September 30, 2025, compared to a net loss of $3.062 million for the same period in 2024[76]. - Operating loss for the three months ended September 30, 2025, was $(4,491,000), compared to $(3,252,000) in 2024; for the nine months ended September 30, 2025, the operating loss was $(3,932,000), an improvement from $(9,455,000) in 2024[92]. - The Company recognized $6.977 million in stock-based compensation expense related to RSUs for the three months ended September 30, 2025, compared to $2.720 million in 2024[89]. - Accrued expenses and other liabilities increased to $12.3 million as of September 30, 2025, from $7.0 million as of December 31, 2024[55]. Content and Assets - As of September 30, 2025, total content assets amounted to $28.1 million, a decrease from $31.5 million as of December 31, 2024[52]. - Content amortization for the three months ended September 30, 2025, was $3.6 million, compared to $4.6 million for the same period in 2024[54]. - Content obligations amounted to $0.4 million as of September 30, 2025, with $0.1 million recorded within content liabilities[100]. Future Expectations and Commitments - The Company expects to recognize $3.1 million in future revenues related to unsatisfied performance obligations as of September 30, 2025[58]. - Future advertising commitments totaled $1.8 million as of September 30, 2025, expected to be paid in Q1 2026[103]. - The Company expects to no longer qualify as an emerging growth company after December 31, 2025, which will affect its accounting pronouncements adoption timeline[36]. - The company anticipates that the adoption of ASU 2023-09 will not have a material impact on its consolidated financial statement disclosures[37]. - The company is currently evaluating the impact of adopting ASU 2024-03, which requires additional disclosures about specific expense categories[38]. Shareholder Actions - The Board declared a quarterly cash dividend of $0.08 per share, totaling approximately $4.7 million, to be paid on December 19, 2025[107]. - The Company had repurchased 216,000 shares of its common stock at an average price of $1.16 per share, totaling $0.3 million[68]. - The total number of outstanding warrants as of September 30, 2025, was 6,730,000, with no exercises during the three and nine months ended[72]. - The Company had 4,410,000 RSUs outstanding as of September 30, 2025, compared to 2,864,000 in 2024[78]. - The Company had an unrecognized compensation cost of $9.0 million expected to be recognized over approximately five to six months as of September 30, 2025[81].

Core Insights - CuriosityStream reported strong Q3 2025 results with revenue growth of 46% year-over-year to $18.4 million, surpassing guidance [1][12] - Adjusted free cash flow increased by 88% to $4.8 million, marking the seventh consecutive quarter of positive adjusted free cash flow [8][15] - The company is focusing on three growth pillars: subscriptions, licensing, and advertising, which are enhancing its market position at the intersection of knowledge, media, and AI [1][10] Financial Performance - Revenue for Q3 2025 was $18.4 million, a 46% increase from $12.6 million in Q3 2024 [12] - Adjusted EBITDA improved by $3.4 million year-over-year, reaching $3 million [12][15] - Licensing revenue surged over 425% year-over-year to $8.7 million, driven by AI training fulfillments [13][15] - Subscription revenue was reported at $9.3 million, showing sequential growth [13] Growth Strategy - The company has engaged with 9 key partners across various media formats, delivering over 1.5 million distinct assets [1] - CuriosityStream aims to double or triple its roster of AI licensing partners by the end of 2026 [9][31] - The company plans to enhance its advertising business and has launched new channels on platforms like Amazon and Roku [8][11] Market Positioning - CuriosityStream is positioning itself as a leading provider of AI training data with a library of nearly 2 million hours of video and audio content [6][10] - The company anticipates that licensing revenue will exceed subscription revenue by 2027 [9][10] - The balance sheet remains strong with over $29 million in liquidity and no debt, providing substantial flexibility for future growth [11][16] Future Outlook - For Q4 2025, the company expects revenue between $18 million and $20 million, projecting full-year revenue of $70 million to $72 million, representing a 38% to 42% increase from 2024 [18][19] - Adjusted free cash flow for the full year is expected to be between $12 million and $13 million, indicating a 27% to 37% increase from 2024 [19] - The company intends to pay dividends from cash generated by operations in 2026, similar to its approach in 2024 [10][19]

Company Overview - CuriosityStream (CURI) is a video streaming service founded by John Hendricks, who also established The Discovery Channel [1] - The company went public through a SPAC in 2020, with shares initially doubling before experiencing a significant decline [1] Investment Strategy - The analysis emphasizes uncovering micro-cap growth stocks and adopting a long-term investment perspective [1] - The approach includes deeper research and a focus on high-quality large-cap companies that are undervalued due to market fears [1]

Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if ad-blockers are enabled, indicating a need to disable them for proper access [1]

分组1 - CuriosityStream Inc. reported a quarterly loss of $0.06 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking an earnings surprise of -200.00% [1] - The company posted revenues of $18.36 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 12.98%, and showing an increase from $12.6 million year-over-year [2] - CuriosityStream shares have increased approximately 145.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.4% [3] 分组2 - The earnings outlook for CuriosityStream is uncertain, with current consensus EPS estimates at -$0.03 for the coming quarter and -$0.04 for the current fiscal year, alongside revenues of $17.66 million and $68.01 million respectively [7] - The Zacks Industry Rank indicates that the Film and Television Production and Distribution sector is currently in the bottom 9% of over 250 Zacks industries, suggesting potential underperformance compared to higher-ranked industries [8] 分组3 - The estimate revisions trend for CuriosityStream was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The company has surpassed consensus revenue estimates four times over the last four quarters, but has only exceeded consensus EPS estimates once [2]

Financial Data and Key Metrics Changes - Revenue grew 46% year over year to $18.4 million, exceeding guidance [6][15] - Adjusted free cash flow rose 88% to $4.8 million, marking the seventh consecutive quarter of positive adjusted free cash flow [11][19] - Adjusted EBITDA improved by $3.4 million year over year, reaching $3 million [15][19] - Gross margin increased to 59%, up from 54% a year ago [17] Business Line Data and Key Metrics Changes - Subscription revenue totaled $9.3 million, showing sequential growth [16] - Content licensing revenue surged over 425% year over year to $8.7 million, driven by AI training fulfillments [16][19] - Advertising business is still developing, with new initiatives launched on various platforms [10] Market Data and Key Metrics Changes - Licensing revenue is expected to exceed subscription revenue by 2027, possibly earlier [12] - The company engaged with nine key partners across various media formats, delivering over 1.5 million distinct assets [7] Company Strategy and Development Direction - The company aims to solidify its position as a leading provider of AI training data, with plans to double its content library in 2026 [12][41] - Focus on cost discipline and rationalizing the cost base to support pricing power and durable growth [11][12] - Plans to install a leader for the advertising business in early 2026 to capture advertising opportunities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued double-digit growth in both revenue and cash flow driven by subscriptions, licensing, and advertising [13] - The company anticipates that overall subscription revenue will grow faster in 2026 than in 2025, supported by a strong launch pipeline [12][57] - Management acknowledged the need to smooth out revenue fluctuations in licensing through operational and contractual means [31] Other Important Information - The company reported a net loss of $3.7 million for the quarter, attributed to one-time charges and non-cash stock-based compensation [18] - The balance sheet remains strong with over $29 million in liquidity and no debt [13][19] - The expiration of warrants reduces potential dilution and eliminates lingering share overhang [20] Q&A Session Summary Question: Why is the company investing in lower-margin media when licensing returns are higher? - Management clarified that they are promoting an internal candidate to enhance AI relationships and need seasoned sales leaders to drive revenue generation [24][27] Question: How will the company smooth out revenue fluctuations in licensing? - Management indicated that increasing the roster of partners and structuring agreements as Content as a Service (CaaS) will help reduce revenue lumpiness over time [31][32] Question: How has AI licensing evolved over the last year? - Management reported 18 fulfillments across nine partners, with expectations that existing partners will contribute 60% to 80% of AI licensing revenue [35][36] Question: Can you explain the stock-based compensation in the quarter? - Management explained that the high stock-based compensation was due to market-based awards granted during the quarter, which will be expensed over a more aggressive timeline [52][53] Question: What is the outlook for subscription services in new markets? - Management expressed confidence in subscription revenue growth due to new partnerships and distribution agreements, with plans for new pricing and packaging in 2026 [57][58]

Financial Performance - Revenue for Q3 2025 was $18.4 million, representing a 46% year-over-year increase from $12.6 million in Q3 2024[5] - Adjusted EBITDA improved to a positive $3 million, compared to a loss of $0.4 million in Q3 2024, marking the third consecutive quarter of positive EBITDA[6] - Adjusted Free Cash Flow reached a record $4.8 million, up from $2.6 million in Q3 2024[6] - Gross margin improved to 59%, up from 54% in the same quarter last year[5] - Revenues for the three months ended September 30, 2025, increased to $18,359,000, up 46% from $12,604,000 in the same period of 2024[22] - Net loss for the three months ended September 30, 2025, was $3,744,000, compared to a net loss of $3,062,000 in the same period of 2024[22] - Adjusted EBITDA for the nine months ended September 30, 2025, was $7,098,000, an improvement from an adjusted EBITDA loss of $4,105,000 in the same period of 2024[26] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $9,088,000, compared to $5,116,000 for the same period in 2024, representing a 77% increase[24] - Adjusted Free Cash Flow for the nine months ended September 30, 2025, was $9,554,000, up from $6,220,000 in the same period of 2024[27] - The company incurred $10,054,000 in stock-based compensation for the nine months ended September 30, 2025, compared to $4,734,000 in the same period of 2024[26] - The weighted average number of common shares outstanding for the three months ended September 30, 2025, was 57,930,000, compared to 54,850,000 in the same period of 2024[22] - The company reported a net cash increase of $6,217,000 for the nine months ended September 30, 2025, compared to a decrease of $28,502,000 in the same period of 2024[24] Future Outlook - The company expects Q4 2025 revenue to be in the range of $18 million to $20 million, indicating year-over-year growth of 27% to 42%[11] Strategic Initiatives - CuriosityStream launched subscription services with partners in the U.S., Australia, New Zealand, and Germany[11] - The company expanded its data and video licensing partnerships for AI training, accumulating a nearly 2-million-hour library of content[11] - Four new original programs were launched, enhancing the content lineup[11] Cash Position - As of September 30, 2025, the company reported cash and cash equivalents of $14.1 million, with no debt[6] - Cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, amounted to $14,168,000, compared to $9,713,000 at the end of the same period in 2024[24] Dividend Declaration - The Board of Directors declared a cash dividend of $0.08 per share, payable on December 19, 2025[2] Operating Expenses - Operating expenses for the nine months ended September 30, 2025, totaled $56,393,000, compared to $46,455,000 for the same period in 2024, reflecting a 21% increase[22]