UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-1797523 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 CURI NASDAQ Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share CURIW NASDAQ Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporti ...

Financial Data and Key Metrics Changes - In Q1 2022, revenue grew 77% year-over-year to $17.6 million, with direct-to-consumer (DTC) growth of 49% [9] - Cash burn was reduced by $19.3 million quarter-over-quarter, ending with a cash burn of $13.9 million [9] - The company ended the first quarter with a cash, restricted cash, and available-for-sale investments balance of $85 million [9] - Guidance for the first half of 2022 was increased, expecting revenue between $38 million to $40 million and EBITDA loss between $35 million to $33 million [10] Business Line Data and Key Metrics Changes - The company has invested over $188 million in original productions and acquired content through the end of 2022 [16] - The original production cost is believed to have an on-screen value over 5 times greater than what was paid for it, with over 10,000 titles in the library [17] Market Data and Key Metrics Changes - CuriosityStream operates in over 175 countries, with a focus on factual content in various genres [15] - The company distinguishes itself from competitors by not engaging in the escalating content spending war, focusing instead on monetizing content through multiple channels [19][20] Company Strategy and Development Direction - The company aims to achieve positive cash flow from operations by Q1 2023 and maintain a minimum cash balance of $50 million [11] - CuriosityStream plans to reduce expenditures on direct paid marketing while increasing revenue from ad-supported services [24] - The strategy includes expanding FAST and PayTV channels and enhancing audience engagement in AVOD and audio [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive cash flow and highlighted the importance of a strong cash position [13] - The company views its business as having three primary building blocks: a scalable streaming platform, a robust content library, and effective promotional outreach [15][25] - Management believes the demand for quality entertainment that informs and inspires will drive revenue growth [26] Other Important Information - The company is not currently planning any capital raises to support operations due to its strong cash position [13] - CuriosityStream is focused on maximizing the performance of its streaming platform and content while building promotional funnels [25] Q&A Session Summary Question: How do you differentiate between the value of library content and new content for subscription acquisition? - Management believes they have built a critical mass library with over 10,000 titles, which serves as a strong subscription acquisition tool [27][28] Question: Can you provide an update on One Day University? - Management is building the library and has added it to the premium tier, seeing growth and value in the content [33][34] Question: What surprises have you encountered in the ad-driven portion of the streaming business? - Management noted they are still in the experimentation phase regarding content programming for FAST channels [36][38] Question: How do you think about user retention and engagement regarding potential price increases? - Management sees room for better alignment of offerings with consumer pricing and is working thoughtfully on any potential increases [44] Question: Can you discuss your ability to attract and retain tech labor? - Management highlighted the company's purpose-driven culture and flexible working environment as attractive factors for talent [46] Question: How does your DTC strategy relate to marketing efficiency? - Management has refined their marketing approach to engage communities effectively, leading to stronger marketing efficiency [49][53] Question: What is the visibility on advertising and sponsorship revenue? - Management indicated they are on track for their best year ever in advertising revenue but did not disclose specific numbers [57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39139 | --- | --- | --- | --- | --- | |------------------------------------------------------------------|------------------------- ...

Financial Data and Key Metrics Changes - The company reported a year-over-year revenue growth of 140% in Q4 2021, with total revenue reaching $27.3 million, up from $11.4 million in Q4 2020 [8][40] - Full year revenue for 2021 was $71.3 million, an 80% increase year-over-year, exceeding the target of $71 million [9][38] - The fourth quarter EBITDA loss was $17.8 million, compared to a loss of $15.5 million in the previous year, attributed to lower gross margins and higher advertising expenses [43] Business Line Data and Key Metrics Changes - Content licensing revenue increased more than five-fold year-over-year to $10 million in Q4 2021 [39] - Direct-to-consumer (DTC) revenue growth was driven by strong subscriber growth and modestly higher average revenue per user (ARPU) [40] - The Smart Bundle, which offers six streaming services for $69.99 per year, positively impacted ARPU and subscriber retention [16] Market Data and Key Metrics Changes - International revenues grew at their highest rate on record, contributing significantly to overall revenue growth [8][15] - The company added approximately 3 million subscribers, with a majority coming from bundled distribution channels, particularly in international markets [63] Company Strategy and Development Direction - The company aims to align subscription pricing with the value provided to subscribers, indicating potential price increases in the future [20][21] - A focus on building a robust content library with over 10,000 titles, including 5,000 premium video selections, is central to the company's strategy [36] - The launch of the FAST channel, Curiosity Now, is intended to enhance advertising revenue and promote the DTC service [17][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the uniqueness of their value proposition in the streaming market, emphasizing that they are not competing directly with general entertainment services [18][19] - The company is focused on achieving positive cash flow in the future, with a significant emphasis on profitability [51][36] - Management noted that the U.S. SVOD landscape is maturing, with potential consolidation among major players, while international markets remain less mature [52][54] Other Important Information - The company plans to introduce more original content in 2022 than in any previous year, with a diverse slate of programming [13][23] - The partnership with Nebula, a creator-owned streaming platform, is expected to enhance marketing and retention efforts [31][34] Q&A Session Summary Question: Pricing plan and timing for increases - Management indicated that they believe they have pricing power due to low churn rates but are considering A/B testing and other initiatives before implementing any price increases [48][49] Question: Long-term vision changes - The vision remains focused on subscriber growth and revenue, with an increased emphasis on profitability and engagement through UI/UX improvements [50][51] Question: Content spend for 2022 - The company has accelerated content spending over the past 12 to 18 months and plans to focus on achieving positive cash flow moving forward [62] Question: Subscriber growth mix - The majority of new subscribers in Q4 were from bundled distribution, particularly in international markets [63] Question: Impact of potential price increases on profitability - A hypothetical price increase would likely result in a majority of the additional revenue flowing through to the bottom line, enhancing profitability [64] Question: Engagement metrics and content sustainability - Management noted that factual content has a long shelf life and is not hit reliant, allowing for consistent viewer engagement [86] Question: FAST channel strategy - The FAST channel is seen as an opportunity to extend monetization and reach new viewers, while still focusing on the core DTC service [73][74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-1797523 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 CURI NASDAQ Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share CURIW NASDAQ Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporti ...

CuriosityStream Inc. (NASDAQ:CURI) Q3 2021 Earnings Conference Call November 9, 2021 5:00 PM ET Company Participants Denise Garcia - Investor Relations Clint Stinchcomb - Chief Executive Officer Jason Eustace - Chief Financial Officer Devin Emery - Chief Product Officer and Executive Vice President, Content Strategy Conference Call Participants Tom Forte - D.A. Davidson Peter Henderson - Bank of America Zilu Pan - JPMorgan Operator Good day, and thank you for standing by. Welcome to the CuriosityStream Q3 E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-1797523 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 CURI NASDAQ Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share CURIW NASDAQ Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporti ...

CuriosityStream Inc. (NASDAQ:CURI) Q2 2021 Earnings Conference Call August 10, 2021 5:00 PM ET Company Participants Denise Garcia - Investor Relations Clint Stinchcomb - Chief Executive Officer Jason Eustace - Chief Financial Officer Tia Cudahy - COO and General Counsel Devin Emery - Chief Product Officer and EVP, Content Strategy Conference Call Participants Devin Brisco - Bank of America Darren Aftahi - ROTH Dan Kurnos - Benchmark Alexia Tsimikas - D.A. Davidson Dan Medina - Needham & Company Operator Goo ...

CuriosityStream Inc. (NASDAQ:CURI) Q1 2021 Earnings Conference Call May 11, 2021 5:00 PM ET Company Participants Denise Garcia - IR Clint Stinchcomb - CEO Jason Eustace - CFO Tia Cudahy - COO and General Counsel Devin Emery - Chief Product Officer and EVP, Content Strategy Conference Call Participants Tom Forte - D.A. Davidson & Company Dan Kurnos - The Benchmark Company, LLC Darren Aftahi - ROTH Capital Partners Logan Thomas - Stifel Operator Ladies and gentlemen, thank you for standing by and welcome to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39139 CURIOSITYSTREAM INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |-----------------------------------------| ...