CuriosityStream Q2 2023 revenue $14.1M down 37% YoY; net loss narrows

CuriosityStream Inc.

2023-Q2 EPS reported -$0.33 revenue$26,484,000

Revenue $14.1M vs $22.3M YoY (-37%); net loss improved to $9.9M from $16.0M.
Adjusted EBITDA -$6.5M vs -$10.6M YoY; cash $44.8M with no debt.
Q3 2023 guidance: revenue $13.5-$15.5M; Adjusted FCF -$5.5 to -$3.5M.
New licensing deals in UK, Europe, Middle East; pricing increase rollout underway.
Advertising/marketing and G&A costs cut 44% YoY to $12.2M.

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 0.95

CuriosityStream Inc. reported third quarter of 2023 results: revenue $13.5 - $15.5 million. Guidance initiated.

Period: third quarter of 2023
Revenue: $13.5 - $15.5 million
Guidance: initiated
Result: guidance update

Exact text from the filing

CuriosityStream expects the following for the third quarter of 2023: • Revenue within the range of $13.5 - $15.5 million • Adjusted Free Cash Flow within the range of $(5.5) - $(3.5) million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CuriosityStream Inc. reported second quarter ended June 30, 2023 results: revenue $14.1 million, net income $(9.9) million.

Period: second quarter ended June 30, 2023
Revenue: $14.1 million
Net income: $(9.9) million
Result: reported results

Exact text from the filing

and lack of debt are uniquely favorable attributes that provide us with a firm foundation and exceptional flexibility.” Second Quarter 2023 Financial Results • Revenue of $14.1 million, compared to $22.3 million in the second quarter of 2022; • Gross profit of $4.2 million, compared to $9.4 million in the second quarter of 2022; • Total advertising and

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CuriosityStream Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-212323

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