CuriosityStream Q4 revenue falls to $14.5M; net loss widens to $14.5M; subscription price doubled

CuriosityStream Inc.

Q4 revenue $14.5M vs $27.3M YoY; gross profit $1.4M vs $10.0M; net loss $14.5M vs $11.4M.
Full-year 2022 revenue $78.0M (+9% YoY); net loss $50.9M vs $37.6M; adjusted free cash flow improved to -$39.7M from -$73.6M.
Subscription pricing raised to $4.99/month (from $2.99) and $39.99/year (from $19.99) for new subscribers effective March 27.
Q1 2023 guidance: revenue $11-13M; adjusted free cash flow -$8 to -$6M.
Cash and investments $55.5M with no debt as of Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

CuriosityStream Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2022.

Period: the fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 30, 2023, CuriosityStream Inc. (the “Company”) announced its financial results for the fourth quarter of 2022, and for the full fiscal year ended December 31, 2022 in a Press Release dated March 30, 2023. The Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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CuriosityStream Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-085743

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