US Market News
1週前
CuriosityStream Appoints Claire Chiang As Corporate ControllerJune 18, 2026 4:05 PM
ACCESS NewswireSILVER SPRING, MD / ACCESS Newswire / June 18, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a leading global factual media company, today announced the appointment of Claire Chiang to the role of Corporate Controller. Ms. Chiang will report to Brady Hayden, CuriosityStream's Chief Financial Officer.As part of her compensation package, Ms. Chiang received a restricted stock grant covering 35,000 shares of the Company's common stock, effective June 18, 2026. The award was granted outside of the Company's shareholder-approved equity compensation plans and was approved by the Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) as a material inducement to Ms. Chiang's acceptance of employment with the Company.The restricted stock unit award will vest in full on the first anniversary of the grant date, subject to Ms. Chiang's continued employment with the Company through such date, and any shares that vest will remain subject to a one-year post-vesting holding period, subject to the terms of the applicable award agreement.Forward-Looking StatementsCertain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream's expectations or predictions of future financial or business performance or conditions, consumers' valuation of factual content, and the Company's continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under "Risk Factors" in CuriosityStream's Annual Report on Form 10-K for the year ended December 31, 2025, that CuriosityStream filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026, and in CuriosityStream's other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.In addition to factors previously disclosed in CuriosityStream's reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream's ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream's ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.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
IR@CuriosityStream.comSOURCE: CuriosityStreamView the original press release on ACCESS NewswireOriginal: CuriosityStream Appoints Claire Chiang As Corporate Controller
US Market News
1月前
CuriosityStream Reports First Quarter 2026 Financial Results and Raises DividendMay 14, 2026 4:05 PM
ACCESS NewswireRevenue of $15.2 millionDividend Program Raised to $0.085 per Quarter; $0.34 Annually90 thousand shares repurchased56% 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 ResultsRevenue 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 dividend of $4.9 million;Repurchased 90 thousand shares; andCash, restricted cash and held-to-maturity securities balance of $23.4 million and no debt as of March 31, 2026.First Quarter 2026 Business HighlightsSubscription services launched with partners in the U.S., Australia, New Zealand, and Germany;Fourth straight quarter of expanded data and video licensing partnerships for AI training, having now built a differentiated content library of rights to over three million hours of content across multiple genres;Building on the solid foundation of our advertising business with U.S. Hispanic and flagship FAST channels recently launched on Amazon, Roku, LG, and Truth+;Strengthened content lineup with groundbreaking original series and specials including Loot: The Power of Diamonds, new episodes in the fifth season of Butterfly Effect, and Telescopes: The Truth is Out There, the 100th episode of our brand-defining Breakthrough strand.Financial OutlookCuriosityStream expects the following for the first half and full year of 2026:First-half 2026 revenue in the range of $35 - $41 million, and full-year 2026 revenue in the range of $75 to $80 million.First-half 2026 Adjusted EBITDA1 in the range of $5 - $7 million, and full-year 2026 Adjusted EBITDA1 in the range of $16 to $20 million.1 See Non-GAAP Financial Measures below.Conference Call InformationCuriosityStream will host a Q&A conference call today to discuss the Company's first quarter 2026 results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). A live audio webcast of the call will be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. Participants may also dial-in toll free at (877) 407-9716 or International at (201) 493-6779 and reference conference ID# 13759951. 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.Forward-Looking StatementsCertain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream's expectations or predictions of future financial or business performance or conditions, consumers' valuation of factual content, and the Company's continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under "Risk Factors" in CuriosityStream's Annual Report on Form 10-K for the year ended December 31, 2025, that CuriosityStream filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026, and in CuriosityStream's other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.In addition to factors previously disclosed in CuriosityStream's reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream's ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream's ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.Non-GAAP Financial MeasuresTo supplement our unaudited consolidated statement of operations, which is prepared in accordance with GAAP, we present Adjusted EBITDA and Adjusted Free Cash Flow in this press release. Our use of non-GAAP financial measures, such as Adjusted EBITDA and Adjusted Free Cash Flow, has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP.The Company is not able to provide expectations of net cash generated from operating activities, the closest comparable GAAP measure to Adjusted Free Cash Flow (a non-GAAP measure), on a forward-looking basis. The Company is unable to predict without unreasonable costs and efforts the ultimate amounts of certain cash receipts and outlays because, in part, such items may have not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. These items are further described in the reconciliation tables and related descriptions below. Further, these items are uncertain, depend on various factors and could be material to the Company's results computed in accordance with U.S. GAAP.We use these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. These measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, Adjusted EBITDA and Adjusted Free Cash Flow are widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from net income to calculate Adjusted EBITDA: interest and other income (expense), provision for income taxes, depreciation and non-content amortization, loss/(gain) on the change in fair value of our warrants, equity interests loss (gain), impairment of goodwill, intangible assets and content assets, restructuring charges and stock-based compensation. Adjusted Free Cash Flow is calculated as net cash flow used in operating activities less purchases of property and equipment, restructuring charges and nonrecurring license fees.Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (2) Adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; or (b) tax payments that may represent a reduction in cash available to us; and (3) Adjusted Free Cash Flow does not reflect: (a) our cash flow available for discretionary payments; (b) our future contractual commitments (such as any debt service requirements or dividend payments); (c) funds available for investment or other discretionary uses; (d) certain capital expenditure requirements; or (e) the total increase or decrease in our cash balances for the stated period. The non-GAAP financial measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. A reconciliation of these non-GAAP financial measures has been provided in the financial statements tables included in this press release and investors are encouraged to review the reconciliation.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
IR@CuriosityStream.comCuriosityStream Inc.
Condensed Consolidated Balance Sheets(unaudited and in thousands) March 31,
2026 December 31,
2025 Assets Current assets Cash and cash equivalents $16,900 $18,318 Restricted cash 60 60 Short-term investments in debt and other securities 3,493 8,966 Accounts receivable, net 5,809 8,893 Other current assets 1,207 1,198 Total current assets 27,469 37,435 Investments in debt securities 2,959 - Investments in equity method investees 3,698 3,668 Property and equipment, net 371 404 Content assets, net 31,311 31,000 Operating lease right-of-use assets 2,684 2,763 Other assets 664 461 Total assets $69,156 $75,731 Liabilities and stockholders' equity Current liabilities Content liabilities $306 $362 Accounts payable 6,415 9,449 Accrued expenses and other liabilities 13,455 12,094 Deferred revenue 8,618 8,409 Total current liabilities 28,794 30,314 - - Non-current operating lease liabilities 3,347 3,460 Other liabilities 554 470 Total liabilities 32,695 34,244 Commitments and contingencies (Note 13) Stockholders' equity Common stock, $0.0001 par value - 125,000 shares authorized as of March 31, 2026, and December 31, 2025; 59,593 shares issued as of March 31, 2026 and 58,950 issued as of December 31, 2025, including 306 and 216 treasury shares; 58,734 shares outstanding as of December 31, 2025; 59,288 shares outstanding as of March 31, 2026. 5 5 Treasury stock (562) (251)Additional paid-in capital 379,136 377,577 Accumulated deficit (342,118) (335,844)Total stockholders' equity 36,461 41,487 Total liabilities and stockholders' equity $69,156 $75,731 CuriosityStream Inc.
Condensed Consolidated Statements of Operations Three Months Ended
March 31, (unaudited and in thousands except per share amounts) 2026 2025 Revenues $15,161 $15,090 Operating expenses Cost of revenues 6,657 7,080 Advertising and marketing 3,515 2,934 General and administrative 6,533 4,997 16,705 15,011 Operating loss (1,544) 79 Change in fair value of warrant liability - (7)Interest and other income 210 426 Equity method investment income (loss) 30 (151)(Loss) income before income taxes (1,304) 347 Provision for income taxes 24 28 Net (loss) income $(1,328) $319 Net (loss) income per share Basic $(0.02) $0.01 Diluted $(0.02) $0.01 Weighted average number of common shares outstanding Basic 58,949 57,132 Diluted 58,949 57,132 CuriosityStream Inc.
Condensed Consolidated Statements of Cash Flows Three Months Ended
March 31, (unaudited and in thousands) 2026 2025 Cash flows from operating activities Net (loss) income $(1,328) $319 Adjustments to reconcile net (loss) income to net cash provided by operating activities Change in fair value of warrant liability - 8 Additions to content assets (4,026) (1,828)Change in content liabilities (56) (276)Amortization of content assets 3,678 3,513 Depreciation and amortization expenses 41 41 Amortization of premiums and accretion of discounts associated with investments in debt securities, net (32) (195)Stock-based compensation 2,241 863 Equity method investment (income) loss (30) 151 Other non-cash items 161 120 Changes in operating assets and liabilities Accounts receivable 3,084 (1,619)Other assets (227) 3 Accounts payable (3,081) (757)Accrued expenses and other liabilities 583 2,058 Deferred revenue 202 (479)Net cash provided by operating activities 1,210 1,922 Cash flows from investing activities Purchases of property and equipment - (77)Sales of investments in debt securities $1,000 1,000 Maturities of investments in debt securities $4,500 7,400 Purchases of investments in debt securities $(2,954) (6,253)Net cash provided by investing activities $2,546 2,070 Cash flows from financing activities Repurchases of common stock (311) - Dividends paid $(4,862) (2,277)Payments related to tax withholding $(1) (358)Net cash used in financing activities $(5,174) (2,635) Net (decrease) increase in cash, cash equivalents and restricted cash (1,418) 1,357 Cash, cash equivalents and restricted cash, beginning of period 18,378 7,951 Cash, cash equivalents and restricted cash, end of period 16,960 9,308 Supplemental disclosure: Cash paid for taxes, net $61 $34 Cash paid for operating leases $97 $141 CuriosityStream Inc.
Reconciliation from Net (Loss) Income to Adjusted EBITDA Three Months Ended
March 31, (unaudited and in thousands) 2026 2025 Net Loss $(1,328) $319 Change in fair value of warrant liability - 7 Interest and other income (210) (426)Provision for income taxes 24 28 Equity method investment income (loss) (30) 151 Depreciation and amortization1 41 41 Restructuring2 - 25 Other nonrecurring3 171 93 Stock-based compensation 2,241 863 Adjusted EBITDA $909 $1,101 1 Amounts do not include amortization of content assets.
2 Consists primarily of severance and workforce optimization expenses resulting from a 2024 reduction in force.
3 Consists of nonrecurring license and risk mitigation expenses.CuriosityStream Inc.
Reconciliation from Net Cash Flow provided by Operating Activities to Adjusted Free Cash Flow
Three Months Ended
March 31, (In thousands) 2026 2025 Net cash flow provided by operating activities $1,210 $1,922 Restructuring payments1 - 45 Other nonrecurring payments2 65 38 Adjusted Free Cash Flow $1,275 $2,005 1 Consists primarily of severance and workforce optimization payments resulting from 2024 reductions in force.
2 Consists primarily of payments related to risk mitigation efforts.SOURCE: CuriosityStreamView the original press release on ACCESS NewswireOriginal: CuriosityStream Reports First Quarter 2026 Financial Results and Raises Dividend
US Market News
3月前
CuriosityStream Reports 40% Revenue Growth for Full-Year 2025March 11, 2026 4:05 PM
ACCESS NewswireFull year 2025 revenue of $71.7 million, up 40%Record full-year operating cash flow of $13.1 million, up 60%Board authorizes $6 million share repurchase SILVER SPRING, MD / ACCESS Newswire / March 11, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a global factual entertainment company, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. In addition, the Company's Board of Directors authorized an additional $2 million in share repurchases bringing the total in authorized repurchases to $6 million."We are pleased to announce a strong finish to 2025, as we delivered on our promise of double-digit growth in both revenue and cash flow," said Clint Stinchcomb, President & CEO. "These gains reflect the strength of our complementary revenue pillars-licensing driven by high volume structured video fulfillments for AI model training and subscription sturdiness from existing and new partnerships, with both amplified by cost discipline that expanded gross margins. Our team made great progress in 2025 and laid the groundwork for what we believe will be the greatest year in company history by virtually all metrics.Fourth Quarter 2025 Financial ResultsRevenue of $19.2 million, a 36% increase from $14.1 million in the fourth quarter of 2024;Record quarterly gross profit of $11.6 million or 61% gross margin, compared to $7.4 million or 52% gross margin in the fourth quarter of 2024;Net loss of $3.8 million, inclusive of $4.3 million of non-cash stock-based compensation, compared to net loss of $2.8 million, inclusive of $1.8 million in non-cash stock-based compensation, in the fourth quarter of 2024;Adjusted EBITDA1 of $1.1 million, compared to an Adjusted EBITDA loss of $1.9 million in the fourth quarter of 2024;Net cash provided by operating activities of $4.0 million, compared to $3.0 million in the fourth quarter of 2024;Adjusted Free Cash Flow1 of $4.3 million, an improvement of $1.0 million compared to the fourth quarter of 2024; andCash, restricted cash and held-to-maturity securities balance of $27.3 million and no debt as of December 31, 2025.Full Year 2025 Financial ResultsRevenue of $71.7 million, a 40% increase from $51.1 million in 2024;Record annual gross profit of $40.5 million or 57% gross margin, compared to $25.8 million or 50% gross margin in 2024;Net loss of $6.4 million, inclusive of $14.4 million of non-cash stock-based compensation, compared to net loss of $12.9 million, inclusive of $6.6 million in stock-based compensation, in 2024;Adjusted EBITDA1 of $8.2 million, compared to an Adjusted EBITDA loss of $6.0 million in 2024.Net cash provided by operating activities of $13.1 million, compared to $8.2 million in 2024; andAdjusted Free Cash Flow1 of $13.9 million, a 46% increase from $9.5 million in 2024.Full Year 2025 Business HighlightsSecured rights to an additional ~2 million hours of video and audio data across a wide range of genres, including feature film, scripted narrative, documentary, science, history, nature, technology, food, culture, economics, biography, lifestyle, reality, automotive, travel, fitness, dance, fashion and a wide range of sports and gaming content including adventure, extreme, team, mind and combat sports;Licensed several million short-form clips and long-form programs for both AI training and traditional media distribution; Completed 18 distinct AI training fulfillments in a broad and diverse range of categories including factual, scripted film and TV series, sports, foreign scripted and unscripted and raw footage.Licensed a slate of individual traditional programs and series to both new and returning traditional media partners, including public broadcasters, pay-TV partners, and academic distributors, across the US, Europe, Asia, and Latin America.Strengthened core offerings in science, history, nature and tech with additional premieres including Cleopatra: The Mystery of the Mummified Hand; FAST: The Celestial Eye; and Mysteries of the Bayeux Tapestry. Premiered multiple brand-defining originals including season two of Deadly Science,and one-hour specials Economics Explained: The Rise and Fall of the USA? and Breakthrough: Asteroid Impact;New and expanded multiyear wholesale distribution agreements in Asia and the Americas;New Curiosity service launches across North and Latin America including Curiosity University as a premium subscription on The Roku Channel; New service launches across Europe, including Curiosity University's launch on Amazon Prime in the UK, the Netherlands, Finland and Sweden;Expanded partnership with Samsung TV Plus, Samsung's free, ad-supported streaming TV service, with the launch of Curiosity Now in Spain;New FAST channel agreements in 12 countries: Launched and distributed three new US Hispanic FAST channels: Curiosity Explora, Curiosity Motores, and Curiosity Animales, adding to our existing roster of Curiosity Now, Curiosity Animals, Curiosity History, Curiosity University, and Catholic History Channel;Grew Curiosity University partner subscribers by over 50%; andLaunched payment options in sixteen new currencies, including the Chinese Yuan, Russian Ruble, Thai Baht, and Israeli New Shekel, bringing our total payment options to 42 currencies.Financial OutlookCuriosityStream expects the following for the first half of 2026:Revenue within the range of $38 - $42 million.Adjusted Free Cash Flow1 within the range of $6 - $9 million.1 See Non-GAAP Financial Measures below.Conference Call InformationCuriosityStream will host a Q&A conference call today to discuss the Company's fourth quarter and full year 2025 results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). A live audio webcast of the call will be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. Participants may also dial-in toll free at (877) 407-9716 or International at (201) 493-6779 and reference conference ID# 13758750. 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.Forward-Looking StatementsCertain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream's expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers' valuation of factual content, and the Company's continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under "Risk Factors" in CuriosityStream's Annual Report on Form 10-K for the year ended December 31, 2025, that we expect to file with the Securities and Exchange Commission (the "SEC") on or about March 12, 2026, and in CuriosityStream's other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.In addition to factors previously disclosed in CuriosityStream's reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream's ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream's ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.Non-GAAP Financial MeasuresTo supplement our unaudited consolidated statement of operations, which is prepared in accordance with GAAP, we present Adjusted EBITDA and Adjusted Free Cash Flow in this press release. Our use of non-GAAP financial measures, such as Adjusted EBITDA and Adjusted Free Cash Flow, has limitations as an analytical tool, and these measures should not be considered in isolation or as a substitute for analysis of financial results as reported under GAAP.The Company is not able to provide expectations of net cash generated from operating activities, the closest comparable GAAP measure to Adjusted Free Cash Flow (a non-GAAP measure), on a forward-looking basis. The Company is unable to predict without unreasonable costs and efforts the ultimate amounts of certain cash receipts and outlays because, in part, such items may have not yet occurred, are out of the Company's control and/or cannot be reasonably predicted. These items are further described in the reconciliation tables and related descriptions below. Further, these items are uncertain, depend on various factors and could be material to the Company's results computed in accordance with U.S. GAAP.We use these non-GAAP financial measures in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including in the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance. These measures provide consistency and comparability with past financial performance, facilitate period-to-period comparisons of core operating results, and also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. In addition, Adjusted EBITDA and Adjusted Free Cash Flow are widely used by investors and securities analysts to measure a company's operating performance. We exclude the following items from net income to calculate Adjusted EBITDA: interest and other income (expense), provision for income taxes, depreciation and non-content amortization, loss/(gain) on the change in fair value of our warrants, equity interests loss (gain), impairment of goodwill, intangible assets and content assets, restructuring charges and stock-based compensation. Adjusted Free Cash Flow is calculated as net cash flow used in operating activities less purchases of property and equipment, restructuring charges and nonrecurring license fees.Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, (1) although depreciation and amortization expense are non-cash charges, the assets subject to depreciation and amortization may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; (2) Adjusted EBITDA does not reflect: (a) changes in, or cash requirements for, our working capital needs; or (b) tax payments that may represent a reduction in cash available to us; and (3) Adjusted Free Cash Flow does not reflect: (a) our cash flow available for discretionary payments; (b) our future contractual commitments (such as any debt service requirements or dividend payments); (c) funds available for investment or other discretionary uses; (d) certain capital expenditure requirements; or (e) the total increase or decrease in our cash balances for the stated period. The non-GAAP financial measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. A reconciliation of these non-GAAP financial measures has been provided in the financial statements tables included in this press release and investors are encouraged to review the reconciliation.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
IR@CuriosityStream.comCuriosityStream Inc.
Consolidated Balance Sheets December 31, (in thousands, except par value) 2025 2024 Assets Current assets Cash and cash equivalents $18,318 $7,826 Restricted cash 60 125 Short-term investments in debt and other securities 8,966 24,236 Accounts receivable, net 8,893 6,103 Other current assets 1,198 1,228 Total current assets 37,435 39,518 Investments in debt securities - 7,463 Investments in equity method investees 3,668 3,848 Property and equipment, net 404 520 Content assets, net 31,000 31,511 Operating lease right-of-use assets 2,763 3,065 Other assets 461 257 Total assets $75,731 $86,182 Liabilities and stockholders' equity Current liabilities Content liabilities $362 $282 Accounts payable 9,449 5,608 Accrued expenses and other liabilities 12,094 7,003 Deferred revenue 8,409 10,970 Total current liabilities 30,314 23,863 Warrant liability - 88 Non-current operating lease liabilities 3,460 3,887 Other liabilities 470 496 Total liabilities 34,244 28,334 Commitments and contingencies (Note 13) Stockholders' equity Common stock, $0.0001 par value - 125,000 shares authorized as of December 31, 2025, and December 31, 2024; 58,950 shares and 56,814 shares issued as of December 31, 2025 and December 31, 2024, respectively, including 216 treasury shares; 58,734 shares and 56,598 shares outstanding as of December 31, 2025 and December 31, 2024, respectively. 5 5 Treasury stock (251) (251)Additional paid-in capital 377,577 366,508 Accumulated deficit (335,844) (308,414)Total stockholders' equity 41,487 57,848 Total liabilities and stockholders' equity $75,731 $86,182 CuriosityStream Inc.
Consolidated Statements of Operations (Unaudited) Year Ended December 31, (in thousands, except per share data) 2025 2024 Revenues $71,658 $51,134 Operating expenses Cost of revenues 31,113 25,363 Advertising and marketing 14,028 14,434 General and administrative 33,821 24,670 Total operating expenses 78,962 64,467 Operating loss (7,304) (13,333)Change in fair value of warrant liability 88 (44)Interest and other income, net 983 3,074 Equity method investment loss (180) (2,506)Loss before income taxes (6,413) (12,809)Provision for income taxes 14 132 Net loss $(6,427) $(12,941)Net loss per share Basic $(0.11) $(0.24)Diluted $(0.11) $(0.24)Weighted average number of common shares outstanding Basic 57,664 54,480 Diluted 57,664 54,480 CuriosityStream Inc.
Consolidated Statements of Cash Flows (Unaudited) Year Ended December 31, 2025 2024 Cash flows from operating activities Net loss $(6,427) $(12,941)Adjustments to reconcile net loss to net cash provided by operating activities Change in fair value of warrant liability (88) 44 Additions to content assets (13,944) (5,698)Change in content liabilities 80 (125)Amortization of content assets 14,511 19,130 Depreciation and amortization expenses 164 339 Amortization of premiums and accretion of discounts associated with investments in debt securities, net (517) (294)Stock-based compensation 14,366 6,568 Equity method investment loss 180 2,506 Other non-cash items 468 430 Changes in operating assets and liabilities Accounts receivable (2,790) (1,343)Other assets (194) 1,131 Accounts payable 3,795 843 Accrued expenses and other liabilities 6,070 1,383 Deferred revenue (2,617) (3,822)Net cash provided by operating activities 13,057 8,151 Cash flows from investing activities Purchases of property and equipment (102) - Sales of investments in debt securities 5,001 - Maturities of investments in debt securities 30,550 7,200 Purchases of investments in debt securities (12,301) (38,605)Net cash provided by (used in) investing activities 23,148 (31,405) Cash flows from financing activities Repurchases of common stock - (251)Dividends paid (22,010) (4,063)Payments related to tax withholding (3,768) (2,696)Net cash used in financing activities (25,778) (7,010) Net increase (decrease) in cash, cash equivalents and restricted cash 10,427 (30,264)Cash, cash equivalents and restricted cash, beginning of period 7,951 38,215 Cash, cash equivalents and restricted cash, end of period $18,378 $7,951 Supplemental non-cash investing and financing activities: Acquisition of equity investment included in accrued liabilities $178 $- Supplemental disclosure: Cash paid for operating leases $570 $510 CuriosityStream Inc.
Reconciliation from Net Loss to Adjusted EBITDA Three Months Ended
December 31, Year Ended
December 31, (In thousands) 2025 2024 2025 2024 Net Income (loss) $(3,786) $(2,813) $(6,427) $(12,941)Change in fair value of warrant liability - (22) (88) 44 Interest and other (income) expense 157 (1,372) (983) (3,074)Provision for (benefit from) Income taxes 308 (2) 14 132 Equity method investment (income) loss (51) 331 180 2,506 Depreciation and amortization1 42 54 164 339 Restructuring2 - 25 36 243 Other nonrecurring 144 28 962 141 Stock-based compensation 4,312 1,834 14,366 6,568 Adjusted EBITDA $1,126 $(1,937) $8,224 $(6,042)1 Amounts do not include amortization of content assets.
2 Consists primarily of severance and workforce optimization expenses resulting from a 2024 reduction in force.CuriosityStream Inc.
Reconciliation from Net Cash Flow used in Operating Activities to Adjusted Free Cash Flow Three Months Ended
December 31, Year Ended
December 31, (In thousands) 2025 2024 2025 2024 Net cash flow provided by operating activities $3,969 $3,035 $13,057 $8,151 Purchases of property and equipment (25) - (102) - Restructuring payments1 - 31 59 854 Other nonrecurring payments2 368 221 852 502 Adjusted Free Cash Flow $4,312 $3,287 $13,866 $9,507 1 Consists primarily of severance and workforce optimization payments resulting from 2023 to 2024 reductions in force.
2 Consists primarily of payments related to license fees and risk mitigation efforts.SOURCE: CuriosityStreamView the original press release on ACCESS NewswireOriginal: CuriosityStream Reports 40% Revenue Growth for Full-Year 2025
US Market News
5月前
CuriosityStream Declares Quarterly Cash DividendFebruary 4, 2026 9:00 AM
ACCESS NewswireDividend supported by continued and recurring free cash flow generation and expanding AI-driven data licensing activitiesSILVER SPRING, MARYLAND / ACCESS Newswire / February 4, 2026 / CuriosityStream, Inc. (the "Company") (Nasdaq:CURI), a leading global factual entertainment media company, today announced that on January 28, 2026, its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company's common stock. The dividend is payable on March 20, 2026, to shareholders of record as of March 6, 2026."Continued and recurring free cash flow generation provides the foundation for this dividend and demonstrates the predictability and durability of our operating model," said Clint Stinchcomb, President and CEO of CuriosityStream. "It reflects the underlying strength and consistency of our business model and our balanced approach to returning capital to shareholders while building long-term enterprise value.CuriosityStream's evolution and accelerating growth is a result of the company scaling its diversified global revenue model across subscriptions, content licensing, advertising, FAST and AVOD distribution, and strategic partnerships. In addition to the resiliency in its subscription businesses, the Company continues to expand high-margin data licensing, including content for AI model training and tuning."By delivering hundreds of thousands of hours of premium video and audio to leading technology companies, we are generating increasingly recurring revenue from both repeat customers and new enterprise partners," Stinchcomb continued. "This reinforces CuriosityStream's role as a critical supplier of trusted real-world data assets and strengthening our free cash flow profile."Cautionary Statements Regarding Forward-Looking InformationCertain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream's expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers' valuation of factual content, and the Company's continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under "Risk Factors" in CuriosityStream's Annual Report on Form 10-K for the year ended December 31, 2024, that the Company filed with the Securities and Exchange Commission (the "SEC") on March 25, 2025, and in CuriosityStream's other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.In addition to factors previously disclosed in CuriosityStream's reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream's ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream's ability to compete therein; (v) litigation, complaints, and/or adverse publicity; and (vi) privacy and data protection laws, privacy or data breaches, or the loss of data.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 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 Explora, and other free, ad-supported channels; Curiosity Audio Network, with original content and podcasts; and Curiosity Studios, which oversees original programming. Curiosity Inc. is a wholly owned subsidiary of CuriosityStream Inc. (Nasdaq:CURI). For more information, visit CuriosityStream.com.Contact:CuriosityStream Investor Relations
Brett Maas
IR@CuriosityStream.comSOURCE: CuriosityStreamView the original press release on ACCESS NewswireOriginal: CuriosityStream Declares Quarterly Cash Dividend
subslover
2年前
CuriosityStream Announces Fourth Quarter and Full Year 2023 Financial Results and Initiation of Dividend Program
SILVER SPRING, Md.--(BUSINESS WIRE)-- CuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. In addition, the Company’s Board of Directors declared a quarterly cash dividend of $0.025 per share, with the first dividend payable on April 30, 2024, to stockholders of record on April 12, 2024. With the initiation of a cash dividend program, CuriosityStream intends to pay regular quarterly dividends.
“Our fourth quarter revenue results met our guidance range while adjusted free cash flow exceeded our guidance range, and we delivered sequential revenue growth in our Direct Business. We continued to decrease our cost base, as we achieved our fifth straight quarter of sequential adjusted free cash flow improvement,” said Clint Stinchcomb, President & CEO. “Looking forward, we will be guiding to positive adjusted free cash flow for the first quarter of 2024, and we believe the initiation of the dividend program, which will be paid from excess cash, underscores our positive outlook for cash flow in 2024.”
Fourth Quarter 2023 Financial Results
Revenue of $14.8 million, compared to $14.5 million in the fourth quarter of 2022;
Gross profit of $6.7 million, compared to $1.4 million in the fourth quarter of 2022;
Total advertising and marketing and general and administrative expenses of $11.4 million, a 32% year-over-year reduction;
Net loss of $4.7 million, compared to net loss of $14.5 million in the fourth quarter of 2022;
Net cash used in operating activities of $2.5 million, compared to net cash used in operating activities of $8.8 million in the fourth quarter of 2022;
Adjusted Free Cash Flow of $(2.4) million, compared to Adjusted Free Cash Flow of $(8.8) million in the fourth quarter of 2022;
Adjusted EBITDA of $(3.4) million, compared to Adjusted EBITDA of $(13.6) million in the fourth quarter of 2022; and
Cash and restricted cash balance of $38.2 million and no debt as of December 31, 2023.
Full Year 2023 Financial Results
Revenue of $56.9 million, compared to $78.0 million in 2022;
Gross profit of $21.3 million, compared to $26.5 million in 2022;
Total advertising and marketing and general and administrative expenses of $46.8 million, a 40% year-over-year reduction;
Net loss of $48.9 million, compared to net loss of $50.9 million in 2022;
Net loss included a $19.0 million charge related to the impairment of content assets;
Net cash used in operating activities of $16.2 million, compared to net cash used in operating activities of $39.5 million in 2022;
Adjusted Free Cash Flow of $(16.2) million, compared to Adjusted Free Cash Flow of $(39.7) million in 2022; and
Adjusted EBITDA of $(20.2) million, compared to Adjusted EBITDA of $(44.3) million in 2022.
Full Year 2023 Business Highlights
Premiered multiple groundbreaking original series and specials, including The Real Wild West, Deadly Science, The True Story of Pirates, Lift the Ice, Vikings: The Lost Kingdom, GIANTS, 2023:A Space Odyssey, History: The Interesting Bits, CSI On Trial, Nature's Hidden Miracles, Queens of Ancient Egypt, Rescued Chimpanzees of the Congo with Jane Goodall, Search for Earth’s Lost Moon, Scary Tales of New York, Connections with James Burke, AI Tipping Point, Amazing DinoWorld 2 and Top Science Stories of 2023.
Signed new licensing, Pay TV and AVOD agreements with several partners during the year;
Added hundreds of titles to underserved areas like hosted series, crime, aviation and automotive, and to core genres like history, science and tech;
Launched a series of annual promotional stunts showcasing our most engaging titles for subscribers across SPACE WEEK, DINO WEEK, ANCIENT EGYPT WEEK, JAWS & CLAWS WEEK, and EARTH MONTH.
Financial Outlook
CuriosityStream expects the following for the first quarter of 2024:
Revenue within the range of $11.5 - $12.5 million
Adjusted Free Cash Flow within the range of $0.25 - $1.00 million
Conference Call Information
CuriosityStream will host a Q&A conference call today to discuss the Company’s fourth quarter and full year 2023 results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). A live audio webcast of the call will be available on the CuriosityStream Investor Relations website at https://investors.curiositystream.com. Participants may also dial-in toll free at (888) 510-2008 or International at (646) 960-0306 and reference conference ID# 3957505. 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.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers’ valuation of factual content, and the Company’s continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “predicts” or “intends” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under “Risk Factors” in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2023, that we expect to file with the Securities and Exchange Commission (the “SEC”) on or about March 22, 2024, and in CuriosityStream’s other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety.
Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.
In addition to factors previously disclosed in CuriosityStream’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks related to CuriosityStream’s ability to maintain and develop new and existing revenue-generating relationships and partnerships or to significantly increase CuriosityStream's subscriber base and retain customers; (ii) the effects of pending and future legislation; (iii) risks of the internet, online commerce and media industry; (iv) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream’s ability to compete therein; (v) litigation, complaints, and/or adverse publicity; (vi) the ability to meet Nasdaq’s listing standards; and (vii) privacy and data protection laws, privacy or data
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