CURI
CuriosityStreamBDocument history
Earnings documents stored for CURI.
Investor releaseQuarter not tagged2026-07-08CuriosityStream to Report Second Quarter 2026 Financial Results on August 12
ACCESS Newswire
CuriosityStream to Report Second Quarter 2026 Financial Results on August 12
SILVER SPRING, MD / ACCESS Newswire / July 8, 2026 / CuriosityStream Inc. (the "Company") (Nasdaq:CURI), a leading global factual entertainment media company, today announced that it will release financial results for the second quarter of 2026 on Wednesday, August 12, 2026, after market close. The company will host a Q&A conference call to discuss these results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day. Reporters are invited to join the call on a listen-only basis. Participants may dial in toll-free at (877) 407-9716 or (201) 493-6779. A live audio webcast of the call will also be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. An audio replay of the conference call will be available for two weeks following the call on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. About CuriosityStream Inc. CuriosityStream Inc. (Nasdaq:CURI) 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. CuriosityStream is also a leading provider of AI model training datasets, leveraging one of the world's largest and most valuable rights-cleared media corpora. The company's portfolio spans millions of hours of premium video and audio, 850 billion tokens of production-grade code rich with developer context, and dozens of bespoke datasets created with proprietary content intelligence tools. CuriosityStream's data licensing partnerships enable leading technology companies to train and fine-tune generative, agentic, and physical AI systems that will power the next era of infrastructure and enterprise capabilities. CuriosityStream also reaches millions of subscribers worldwide, operating the flagship Curiosity Stream SVOD service; Curiosity Channel, the linear television channel available via global distribution partners; Curiosity University, featuring talks from the best professors at the world's most renowned universities as well as courses, short and long-form videos, and podcasts; Curiosity Now, Curiosity History, Curiosity Animals, Curiosity Explora, and other free, ad-supported channels; Curiosity Audio Network, with original content and podcasts; and Curiosity Studios, which overse...
Investor releaseQuarter not tagged2026-06-03Can CuriosityStream (CURI) Run Higher on Rising Earnings Estimates?
Zacks
Can CuriosityStream (CURI) Run Higher on Rising Earnings Estimates?
CuriosityStream Inc. (CURI) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for CuriosityStream Inc., as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $0.04 per share, which is a change of +300.0% from the year-ago reported number. The Zacks Consensus Estimate for CuriosityStream has increased 40% over the last 30 days, as two estimates have gone higher compared to no negative revisions. For the full year, the company is expected to earn $0.08 per share, representing a year-over-year change of +172.7%. The revisions trend for the current year also appears quite promising for CuriosityStream, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 100%. The promising estimate revisions have helped CuriosityStream earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. CuriosityStream shares have added 7.6% over the past four weeks, suggesting that investors are betting...
Investor releaseQuarter not tagged2026-05-17Earnings Release: Here's Why Analysts Cut Their CuriosityStream Inc. (NASDAQ:CURI) Price Target To US$5.33
Simply Wall St.
Earnings Release: Here's Why Analysts Cut Their CuriosityStream Inc. (NASDAQ:CURI) Price Target To US$5.33
It's been a mediocre week for CuriosityStream Inc. (NASDAQ:CURI) shareholders, with the stock dropping 18% to US$2.52 in the week since its latest quarterly results. Results look to have been somewhat negative - revenue fell 9.6% short of analyst estimates at US$15m, although statutory losses were somewhat better. The per-share loss was US$0.02, 33% smaller than the analysts were expecting prior to the result. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on CuriosityStream after the latest results. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. After the latest results, the three analysts covering CuriosityStream are now predicting revenues of US$77.7m in 2026. If met, this would reflect a notable 8.3% improvement in revenue compared to the last 12 months. Statutory losses are forecast to narrow 2.0% to US$0.14 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$80.9m and earnings per share (EPS) of US$0.03 in 2026. The analysts have made an abrupt about-face on CuriosityStream, administering a minor downgrade to to revenue forecasts and slashing the earnings outlook from a profit to loss. View our latest analysis for CuriosityStream The average price target fell 14% to US$5.33, implicitly signalling that lower earnings per share are a leading indicator for CuriosityStream's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values CuriosityStream at US$6.00 per share, while the most bearish prices it at US$5.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting CuriosityStream is an easy business to forecast or the the analysts are all using similar assumptions. Taking a look at the bigger picture now, one of th...
Investor releaseQuarter not tagged2026-05-15CuriosityStream Reports First Quarter 2026 Financial Results and Raises Dividend
ACCESS Newswire
CuriosityStream Reports First Quarter 2026 Financial Results and Raises Dividend
Revenue of $15.2 million Dividend Program Raised to $0.085 per Quarter; $0.34 Annually 90 thousand shares repurchased 56% gross margin, improving from 53% in the prior-year quarter SILVER SPRING, MD / ACCESS Newswire / May 14, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a global factual entertainment company, today announced its financial results for the quarter ended March 31, 2026. In addition, the Company's Board of Directors raised the Company's second quarter cash dividend to $0.085 per share, payable on June 19, 2026, to stockholders of record on June 5, 2026. "While we were pleased with Q1's year-over-year operational improvement, Q1's sequential revenue decline was anticipated and, we believe, temporary," said Clint Stinchcomb, President & CEO of CuriosityStream. "We currently expect 2026 to represent a significant step-up in both revenue and cash flow compared to 2025, with subscription revenue increasing by single-digit percentages and with licensing becoming the larger growth engine as it surpasses subscriptions for the full year. In light of our plans to drive double-digit growth in both revenue and cash flow in 2026, our board has raised our dividend to $0.34 per year, reiterating its confidence in this outlook. Notably, gross margin grew to 56%, and this marked our fifth consecutive quarter of positive Adjusted EBITDA and our ninth consecutive quarter of positive Adjusted Free Cash Flow." First Quarter 2026 Financial Results Revenue of $15.2 million, compared to $15.1 million in the first quarter of 2025; Gross profit of $8.5 million or 56.1% gross margin, compared to $8.0 million or 53.1% gross margin in the first quarter of 2025; Net loss of $1.3 million, inclusive of $2.2 million of non-cash stock-based compensation, compared to a net income of $0.3 million, inclusive of $0.9 million in non-cash stock-based compensation, in the first quarter of 2025. Adjusted EBITDA of $0.9 million, a decline of $0.2 million, compared to Adjusted EBITDA of $1.1 million in the first quarter of 2025, and a fifth sequential quarter of positive EBITDA; Net cash provided by operating activities of $1.2 million, compared to $1.9 million in the first quarter of 2025; Adjusted free cash flow of $1.3 million, compared to $2.0 million in the first quarter of 2025; Total advertising and marketing and general and administrative expenses of $10.0 million; Paid an ordinary...
Investor releaseQuarter not tagged2026-05-15CuriosityStream Inc. Q1 2026 Earnings Call Summary
Moby
CuriosityStream Inc. Q1 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management prioritized long-term framework agreements over immediate Q1 revenue, entering pilot structures with large-scale partners to validate deeper data integration. The company is shifting its focus toward building a $100 million recurring revenue base, with licensing expected to surpass subscription revenue as the primary growth engine in 2026. Strategic investments in technology were made to accelerate provisioning and maximize the specificity and profitability of upcoming complex data partnerships. The content library has been expanded into a 'scaled, unscrapable corpus' of 3 million hours, including specialized egocentric and multi-camera video for physical AI training. Management emphasized that they will not discount their scarce, rights-aware IP for temporary gains, viewing the assets as increasingly valuable in model refresh cycles. Performance in the subscription segment remains stable, with new pricing and packaging strategies beginning to flow through the P&L with minimal churn. Full-year 2026 revenue is projected between $75 million and $80 million, representing a significant step-up driven by accelerating AI licensing fulfillments. Subscription revenue is expected to grow by single-digit percentages, supported by a solid launch pipeline with global distributors and improved lifetime value from price increases. The company anticipates consolidating its German business by buying out partners for approximately $1.9 million, a move expected to be accretive to earnings. Management intends to fund 2026 dividends entirely from cash generated by operations, supported by a target adjusted EBITDA of $16 million to $20 million for the year. Future licensing growth is predicated on the demand for 'ground truth tokens' and premium rights-aware structured data for frontier model training. The quarterly dividend was increased from $0.05 to $0.085, reflecting management's confidence in sustained positive free cash flow. A $2.2 million non-cash charge for stock-based compensation was the primary driver of the $1.3 million net loss in Q1. The company maintained its ninth consecutive quarter of positive adjusted free cash flow, ending the period with $23.4 million in liquidity and zero debt. Operating expense...
Investor releaseQuarter not tagged2026-05-15CuriosityStream Q1 Earnings Call Highlights
MarketBeat
CuriosityStream Q1 Earnings Call Highlights
Interested in CuriosityStream Inc.? Here are five stocks we like better. Revenue was essentially flat at $15.2 million in Q1, but CuriosityStream said it is intentionally prioritizing larger AI-related licensing deals that may create more uneven near-term results while supporting longer-term growth. The company posted its fifth straight quarter of positive adjusted EBITDA and ninth consecutive quarter of positive adjusted free cash flow, with margin improvement helped by lower distribution costs. CuriosityStream raised its quarterly dividend to $0.085 per share and ended the quarter debt-free with $23.4 million in cash and securities, while guiding full-year 2026 revenue to $75 million-$80 million and adjusted EBITDA to $16 million-$20 million. CuriosityStream Stock is Poised to Breakout CuriosityStream (NASDAQ:CURI) reported a slight year-over-year increase in first-quarter revenue and reiterated that it is prioritizing larger licensing opportunities, particularly around artificial intelligence datasets, even as that approach contributed to uneven quarterly results. On the company’s first-quarter 2026 earnings call, President and CEO Clint Stinchcomb said CuriosityStream remains focused on building toward “$100 million or more of reliable, recurring, and increasingly predictable annualized revenue.” He said the company made deliberate decisions in the quarter that affected near-term revenue but, in management’s view, improved its medium- and long-term revenue opportunity. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Revenue for the quarter was $15.2 million, compared with $15.1 million in the prior-year period. Chief Financial Officer Brady Hayden said subscription revenue was $8.8 million, roughly equivalent to the fourth quarter, while licensing revenue was $6 million, up 11% from a year earlier. CuriosityStream reported adjusted EBITDA of $0.9 million, marking its fifth consecutive quarter of positive adjusted EBITDA. Adjusted free cash flow was $1.3 million, the company’s ninth consecutive quarter of positive adjusted free cash flow. → Micron Investors Face a High-Stakes Moment After the Latest Rally Stinchcomb said the first quarter reflected a “pilot-oriented approach” to certain large-scale partner agreements. He said CuriosityStream entered into pilot and framework agreements with large partners involving “broader and mor...
Investor releaseQuarter not tagged2026-05-15CuriosityStream Inc (CURI) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Challenges
GuruFocus.com
CuriosityStream Inc (CURI) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Challenges
This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CuriosityStream Inc (NASDAQ:CURI) reported a slight year-over-year revenue increase to $15.2 million for Q1 2026. The company achieved its fifth consecutive quarter of positive adjusted EBITDA, amounting to $0.9 million. CuriosityStream Inc (NASDAQ:CURI) has maintained a strong balance sheet with over $23 million in liquidity and no debt. The company has entered into agreements with a broader roster of partners, indicating increased demand and market validation. CuriosityStream Inc (NASDAQ:CURI) anticipates significant revenue and cash flow growth in 2026, driven by subscription and licensing expansion. The company reported a net loss of $1.3 million for Q1 2026, primarily due to non-cash stock-based compensation charges. Subscription revenue remained flat compared to the previous quarter, indicating potential challenges in subscriber growth. Licensing revenue was described as 'lumpy,' reflecting variability and unpredictability in this revenue stream. Advertising and marketing costs, along with general and administrative expenses, increased by 27% year-over-year. The company experienced a sequential revenue decline in Q1, which was anticipated but still a negative indicator. Warning! GuruFocus has detected 3 Warning Signs with CURI. Is CURI fairly valued? Test your thesis with our free DCF calculator. Q: What subscriber trends are you seeing, and is it difficult to retain subscribers given your focus on AI licensing? A: Clint Stingcomb, CEO: Our licensing initiatives have no impact on our subscriber retention. Both licensing and subscription businesses require new content, making them synergistic. We are seeing a positive response to the price increase with minimal churn and an increase in lifetime value. Q: Any update on subscriber acquisition focus between bundled versus direct? A: Clint Stingcomb, CEO: We optimize for overall subscription revenue growth and are largely agnostic as to the source. Pure Direct subscribers offer the highest ARPU, Channel Store subscribers offer a lower CPA, and wholesale subscribers provide a longer-term recurring revenue stream. We value subscribers in whatever channel we reach them. Q: Can you provide any further information on how content that is licensed...
Investor releaseQuarter not tagged2026-05-15CuriosityStream CURI Q1 2026 Earnings Transcript
Motley Fool
CuriosityStream CURI Q1 2026 Earnings Transcript
Image source: The Motley Fool. Thursday, May 14, 2026 at 5 p.m. ET Chief Executive Officer — Clint Stinchcomb Chief Financial Officer — Brady Hayden Moderator — Vanessa Gillon Need a quote from a Motley Fool analyst? Email [email protected] Vanessa Gillon: Thank you, and welcome to CuriosityStream's discussion of its first quarter 2026 financial results. Leading the discussion today are Clint Stinchcomb, CuriosityStream's Chief Executive Officer; and Brady Hayden, CuriosityStream's Chief Financial Officer. Following management's prepared remarks, we will take questions from the analyst community. But first, I'll review the safe harbor statement. During this call, we may make statements related to our business that are forward-looking statements under the federal securities laws. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties and assumptions. Our actual results could differ materially from expectations reflected in any forward-looking statements. Please be aware that any forward-looking statements reflect management's current views only, and the company undertakes no obligation to revise or update these statements nor to make additional forward-looking statements in the future. For a discussion of the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our Investor Relations website as well as the risks and other important factors discussed in today's press release. Additional information will also be set forth in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, when filed. In addition, reference will be made to non-GAAP financial measures. A reconciliation of these non-GAAP measures to comparable GAAP measures can be found on our website at investors.curiositystream.com. Unless otherwise stated, all comparisons will be against our results for the comparable 2025 period. Now I'll turn the call over to Clint. Clint Stinchcomb: Thank you, Vanessa. Financially, we remain focused on building CuriosityStream into a company with $100 million or more reliable, recurring and increasingly predictable annualized revenue. We've done a substantial amount of foundational work to position the company for that objective, and we believe that with continued execution, the path is becoming clea...
TranscriptFY2026 Q12026-05-14FY2026 Q1 earnings call transcript
Earnings source - 28 paragraphs
FY2026 Q1 earnings call transcript
Good afternoon. My name is Stacy, and I will be your conference operator today. At this time, I would like to welcome everyone to the CuriosityStream First Quarter 2026 Earnings Conference Call. Please note that today's call is being recorded. All lines have been placed on mute to prevent background noise. I will now turn the call over to Vanessa Gillen, CuriosityStream's Senior Vice President of Operations. Thank you. You may begin.
Thank you. Welcome to CuriosityStream's discussion of its first quarter 2026 financial results. Leading the discussion today are Clint Stinchcomb, CuriosityStream's Chief Executive Officer, and Brady Hayden, CuriosityStream's Chief Financial Officer. Following management's prepared remarks, we will take questions from the analyst community. First, I'll review the safe harbor statement. During this call, we may make statements related to our business that are forward-looking statements under the federal securities laws. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties, and assumptions. Our actual results could differ materially from expectations reflected in any forward-looking statements. Please be aware that any forward-looking statements reflect management's current views only, and the company undertakes no obligation to revise or update these statements, nor to make additional forward-looking statements in the future.
For a discussion of the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our investor relations website, as well as the risks and other important factors discussed in today's press release. Additional information will also be set forth in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, when filed. In addition, reference will be made to non-GAAP financial measures. A reconciliation of these non-GAAP measures to comparable GAAP measures can be found on our website at investors.curiositystream.com. Unless otherwise stated, all comparisons will be against our results for the comparable 2025 period. Now, I'll turn the call over to Clint.
Thank you, Vanessa. Financially, we remain focused on building CuriosityStream into a company with $100 million or more of reliable, recurring, and increasingly predictable annualized revenue. We've done a substantial amount of foundational work to position the company for that objective. We believe that with continued execution, the path is becoming clearer. To optimize toward that milestone target, we made several deliberate choices in Q1 that affected near-term quarterly revenue. In our view, strengthened the company's medium and long-term revenue opportunity. This is why we guided to the first half of the year as compared to the first quarter. First, we entered into pilot and framework agreements with certain large-scale partners covering broader and more valuable datasets. This meant prioritizing the structure, scope, and expansion potential of the relationship over maximizing upfront revenue recognition in the quarter. We believe that was the right trade-off.
These pilot structures give partners a path to test, validate, and scale across a deeper and wider range of Curie assets, which we believe will lead to larger, more durable licensing relationships over the next year and beyond. Second, we made some modest technology investments that will not require to operate our business in Q1, we believe will enable us to accelerate provisioning and expand and maximize the scope, scale, specificity, and profitability of upcoming partnerships. Third, we developed and organized more licensable IP at considerable scale, most of which is 100% owned. This is important strategically as diversity of data and full ownership of more IP in our corpus strengthens margins, broadens our addressable partner roster, increases revenue potential, reduces reliance on any single transaction, and makes the licensing business more predictable over time. For Q1, revenue was $15.2 million, up slightly year-over-year.
Subscription revenue was roughly equivalent to the prior quarter. AI licensing revenue, which we have previously said would be lumpy, was indeed lumpy, and this was in light of the pilot-oriented approach we adopted during the quarter. Importantly, while the near-term revenue impact may not be immediately obvious, we entered into agreements with a broader roster of partners than we had at this stage last year. We view that as a meaningful indicator of demand and market validation. The breadth of assets now being discussed and packaged for partners has expanded considerably and includes hundreds of millions of production-grade temporal ground truth tokens for frontier model training and tuning, HDR video, matched raw and finished video, multi-camera video, and egocentric video for physical AI training.
Licensing revenue does not always move in a straight line quarter to quarter, especially when we are dealing with larger partners, new partners, broader rights packages, and more complex data products. Further, our corpus is built on assets that are scarce, rights-aware, difficult to replicate, and increasingly valuable. We are not talking about a single opportunistic window. We are talking about a monetization model anchored in premium unscripted and scripted media, enriched, structured metadata, flexible rights, and growing demand from AI developers and traditional media companies. CuriosityStream has built a large differentiated content library of rights to over 3 million hours of premium factual content, plus sports, plus news, plus general entertainment, animation, and film. Finished in raw, egocentric, and multi-camera, supported by more than 200 content and data partners and flexible licensing rights. This is not commodity inventory.
It is a scaled, unscrapable, curated corpus that took years of capital, relationships, editorial focus, and dense work to assemble. We don't believe it makes sense to discount it for temporary gain. Enduring revenue streams are almost always rooted in assets that are hard to replace and expensive to rebuild. Looking ahead, Q1 sequential revenue decline was anticipated and we believe temporary. We currently expect 2026 to represent a significant step-up in both revenue and cash flow compared to 2025, with subscription revenue increasing by single-digit % and with licensing becoming the larger growth engine as it surpasses subscriptions for the full year. Several factors support this outlook.
The impact of our new pricing and packaging, which is just beginning to roll through our P&L, a solid partner launch pipeline with dominant global distributors, accelerating AI licensing fulfillments, new partner additions, continued expansion of our corpus, and the ramp of advertising opportunities. Visual media licensing remains healthy and diversified, while AI demand continues to broaden across model refresh cycles, enterprise fine-tuning, multimodal applications, source code, physical AI, video understanding, and the need for premium rights-aware structured data. Q1 was a transition quarter in which we deliberately chose to build for larger, broader, and more durable licensing opportunities. We believe those choices position CuriosityStream to generate stronger revenue, higher cash flow, and greater shareholder value as we move through 2026 and beyond. In summary, we believe that we will continue double-digit growth in both revenue and cash flow, driven by subscriptions and licensing expansion.
We continue to reduce expenses through non-essential eliminations in the embrace of evolving AI-infused productivity tools. While we are raising our quarterly dividend one-half cent to $0.085, we intend to pay 2026 dividends from cash generated by operations as we did in 2024. Our balance sheet remains strong with over $23 million in liquidity and no debt, giving us substantial flexibility. I'll now hand the call over to our CFO, Brady Hayden.
Thanks, Clint. Good afternoon, everyone. Our full results will be in the 10-Q that we'll file within the next few hours. Let me hit some of our first quarter highlights. As Clint said, in the first quarter, we reported revenue of $15.2 million, a slight improvement compared to $15.1 million a year ago. Likewise, we reported what is now our fifth quarter of positive adjusted EBITDA, which came in at $0.9 million. Adjusted free cash flow came in at $1.3 million, which represented our ninth consecutive quarter of positive adjusted free cash flow. We generated first quarter subscription revenue of $8.8 million, roughly equivalent to Q4 results. Licensing came in at $6 million, an increase of 11% from last year.
First quarter gross margin was 56%, improving from 53% last year. While distribution costs were lower during the quarter, we invested in certain technology products that led to an increase for the quarter, but from which we believe we will incur lower fees going forward. Combined costs for advertising and marketing plus G&A were higher by 27% compared to last year. This increase was driven by a non-cash charge for stock-based compensation of $2.2 million, or about $0.04 on a per share basis, and to a lesser extent, slightly higher advertising costs associated with new customer acquisition investments in the quarter. We reported a first quarter net loss of $1.3 million, or $0.02 a share. This compares to a $0.3 million net income in the first quarter of 2025.
While our revenue was up from last year, the net loss was driven primarily by the non-cash SBC. As we said earlier, adjusted free cash flow was $1.3 million in the quarter, representing our ninth consecutive quarter of positive results in this metric. We believe our balance sheet remains in great shape. In March, we paid our regular $4.9 million dividend while buying back $300,000 of our shares, and we ended the quarter with total cash and securities of $23.4 million and no outstanding debt. Based on our new quarterly dividend of $0.085 per share at yesterday's closing price, CuriosityStream is generating a dividend yield of over 11%. Looking ahead, we anticipate consolidating our ownership of our German business, buying Spiegel and Autentic out of their stakes sometime in the next few months.
Purchase price will be approximately $1.9 million. We anticipate the transaction will be accretive to earnings. Regarding guidance in response to investor recommendations, we're changing up and expanding our metrics going forward for 2026. For the first half of this year, we expect revenue in the range of $35 million-$41 million and full year 2026 revenue in the range of $75 million-$80 million. Likewise, we expect adjusted EBITDA for the first half of the year to be $5 million-$7 million and full year 2026 adjusted EBITDA in the range of $16 million-$20 million. With that, I'll turn it back over to Vanessa to begin our Q&A.
Thank you, Brady. We will now turn to questions from the analyst community, including Patrick Sholl from Barrington Research, Jason Kreyer from Craig-Hallum, and Laura Martin from Needham & Company.Starting first with questions regarding our subscription business. From Patrick Sholl, "What subscriber trends are you seeing, and is it difficult to retain subscribers given your focus on AI licensing?" From Jason, "What has been the response to your price increase on the streaming service?" Clint?
Thank you, Vanessa. Our licensing initiatives have no impact on our subscriber retention. Both licensing and subscription businesses require new content typically, so in that sense, they are synergistic. We're able to attend to both businesses, both revenue streams, with the resources at hand. Our robust licensing business with the hundreds of partners who are part of our corpus only helps our retention efforts as it enables us to deploy much more video on our traditional platforms. Seeing positive response to the price increase, minimal churn, and an increase in lifetime value.
Okay. Next question, also from Pat. "Any update on subscriber acquisition focus between bundled versus direct?
I appreciate that question. We optimize for overall subscription revenue growth and are largely agnostic as to the source. Pure direct subscribers offer the highest ARPU, channel store subscribers offer a lower CPA, and wholesale subscribers, while lower ARPU, provide a longer-term recurring revenue stream. We value subscribers in whatever channel we reach them.
Now on to licensing, also from Pat. Can you provide any further information on how content that is licensed is being valued in more recent renewals?
Yeah. Thank you, Pat, for that question. As we know, overall CapEx for the five largest technology companies will be north of $1 trillion in 2027. About 2%-5% of that will go to dataset training. In regard to pricing, certain content is valued at a higher unit rate. Content like scripted entertainment, sports, HDR, selective clip natural history, and deeply processed content all command higher unit rates than, for example, unprocessed raw content delivered in bulk. What we notice about value is that orders have become increasingly bespoke, increasingly specific. The comment I would bring attention to here is that CuriosityStream has it all. Content across the waterfront of genres, meaning we have documentary video content, of course, but we have scripted television and movies in many languages. We have sports across the board. We have audio, we have egocentric, we have HDR.
We have it all for licensing to train models. The harder to find the content, the higher the price tag.
Thank you. From Jason Kreyer, Craig-Hallum, "Can you talk about the breadth of AI licensing, how you view the size of the market, how content is being valued, and how the AI pipeline is tracking?
Yeah, appreciate that question, Jason. The breadth of assets now being discussed and packaged for partners has expanded considerably and now includes hundreds of millions of production-grade temporal ground truth tokens for frontier model training and tuning, HDR video, matched raw and finished video, multi-camera video, and egocentric video for Physical AI training. A broad set of video and data and a broader set of partners smooth things out over time. As I mentioned, licensing revenue does not always move in a straight line quarter-to-quarter, especially when we are dealing with larger partners, broader rights packages, and more complex data products.
Okay, a couple of final questions on AI, both from Laura Martin, Needham & Company. "Clint, can you speak to the longevity of the AI licensing business? What are you seeing in existing relationships? In light of the revenue and your leadership position in AI licensing, what is your rationale for staying in the subscription business?
Thank you for that, Laura. Some of our best customers are some of our oldest customers, in part because their orders are broadening. They're broadening out to include the additional datasets I just described. We are fulfilling our 10th delivery next week with one of our early partners. The need for content for Physical AI training, largely egocentric and egocentric adjacent, offers a set of another 50 companies who will or are engaging in dataset licensing. In regard to our subscription business, it is key to our overall strength because it's reliable, recurring, and predictable. It's already built. The barriers to entry are considerable, meaning others would need to spend substantially in order to achieve what we have at hand. Our overall subscription revenue is growing modestly, in mid-single digits this year.
Our subscription business takes nothing from our licensing business and is, in fact, critical to the amassing of our 3 million-plus hour war chest and synergistic insofar as our relationships, both with content partners and the buyers, cover all of our businesses, subscription, licensing, and advertising.
Clint, Brady, thank you both. This concludes our Q&A, and I will now hand it back to the operator.
This concludes today's teleconference. You may disconnect your lines at this time, and we thank you for your participation.
Investor releaseQuarter not tagged2026-05-08Warner Music Group Corp. (WMG) Tops Q2 Earnings and Revenue Estimates
Zacks
Warner Music Group Corp. (WMG) Tops Q2 Earnings and Revenue Estimates
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +48.35%. A quarter ago, it was expected that this company would post earnings of $0.4 per share when it actually produced earnings of $0.33, delivering a surprise of -17.5%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Warner Music Group, which belongs to the Zacks Film and Television Production and Distribution industry, posted revenues of $1.73 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.22%. This compares to year-ago revenues of $1.48 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Warner Music Group shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 7.6%. While Warner Music Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Warner Music Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can se...
Investor releaseQuarter not tagged2026-04-30CuriosityStream to Report First Quarter 2026 Financial Results on May 14
ACCESS Newswire
CuriosityStream to Report First Quarter 2026 Financial Results on May 14
SILVER SPRING, MD / ACCESS Newswire / April 30, 2026 / CuriosityStream Inc. (the "Company") (Nasdaq:CURI), a leading global factual entertainment media company, today announced that it will release financial results for the first quarter of 2026 on Thursday, May 14, 2026, after market close. The company will host a Q&A conference call to discuss these results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day. Reporters are invited to join the call on a listen-only basis. Participants may dial in toll-free at (877) 407-9716 or International at (201) 493-6779 and reference conference ID 13759951. A live audio webcast of the call will also be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. An audio replay of the conference call will be available for two weeks following the call on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. About CuriosityStream Inc. CuriosityStream Inc. (Nasdaq:CURI) 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. CuriosityStream is also a leader in high-integrity AI video model training and data licensing, extending the reach and value of its premium library. With millions of subscribers worldwide and thousands of titles, the company operates the flagship Curiosity Stream SVOD service, available in more than 175 countries worldwide; Curiosity Channel, the linear television channel available via global distribution partners; Curiosity University, featuring talks from the best professors at the world's most renowned universities as well as courses, short and long-form videos, and podcasts; Curiosity Now, Curiosity History, Curiosity Animals, Curiosity Explora, and other free, ad-supported channels; Curiosity Audio Network, with original content and podcasts; and Curiosity Studios, which oversees original programming. For more information, visit CuriosityStream.com. Contact: CuriosityStream Investor Relations Brett Maas [email protected] SOURCE: CuriosityStream Inc. View the original press release on ACCESS Newswire
Investor releaseQuarter not tagged2026-03-12CuriosityStream Inc (CURI) Q4 2025 Earnings Call Highlights: Record Revenue Growth and ...
GuruFocus.com
CuriosityStream Inc (CURI) Q4 2025 Earnings Call Highlights: Record Revenue Growth and ...
This article first appeared on GuruFocus. Full Year Revenue: $71.7 million, a 40% increase from $51.1 million in 2024. Q4 Revenue: $19.2 million, a 36% increase from $14.1 million in the previous year. Adjusted Free Cash Flow (Full Year): $13.9 million, a 46% increase from $9.5 million in 2024. Adjusted Free Cash Flow (Q4): $4.3 million, a 33% increase year over year. Gross Margin (Q4): 60%, up from 52% a year ago. Gross Margin (Full Year): 57%, an improvement from the previous year. Licensing Revenue (Q4): $9.8 million, an increase of $6.1 million from last year. Subscription Revenue (Q4): $9.1 million. Subscription Revenue (Full Year): $37 million. Licensing Revenue (Full Year): $33.2 million. Adjusted EBITDA (Q4): $1.1 million, an improvement of $3.1 million from a year ago. Adjusted EBITDA (Full Year): $8.2 million, a $14.3 million improvement from 2024. Net Loss (Full Year): $6.4 million, an improvement from a net loss of $12.9 million in 2024. Cash and Securities: $27.3 million with no outstanding debt. Dividend Payments (2025): Total of $22 million, including a $0.10 special dividend in June. Share Repurchase Authorization: Increased to $6 million. Guidance for 2026 (First Half): Revenue expected between $38 to $42 million; adjusted free cash flow between $6 to $9 million. Warning! GuruFocus has detected 4 Warning Signs with CURI. Is CURI fairly valued? Test your thesis with our free DCF calculator. Release Date: March 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CuriosityStream Inc (NASDAQ:CURI) reported a 40% increase in full-year revenue, reaching $71.7 million, up from $51.1 million in 2024. The company achieved a 46% increase in adjusted free cash flow, totaling $13.9 million for the year. Gross margins improved significantly to 60% in Q4 2025, up from 52% in the previous year. CuriosityStream Inc (NASDAQ:CURI) has a strong balance sheet with over $27 million in liquidity and no debt. The company anticipates double-digit growth in both revenue and cash flow for 2026, driven by subscription and licensing expansion. Net loss for the full year was $6.4 million, although this was an improvement from a $12.9 million loss in 2024. The company faced increased costs for advertising, marketing, and G&A, partly due to non-cash charges for stock-based compensation. Revenue cycles for licensing...

