Curiosity(US:CURI)2025-11-12 21:10Financial 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]