CuriosityStream Q2 revenue up 46% to $22.3M; net loss widens to $16.0M

CuriosityStream Inc.

2022-Q2 EPS reported -$0.60 revenue$39,975,000

Revenue $22.3M vs $15.3M in Q2 2021; net loss $(16.0)M vs $(8.3)M.
Total paying subscribers ~25M, up >25% YoY; gross profit $9.4M.
Q3 guidance: revenue $21-23M, EBITDA loss $(11)-$(9)M.
Peter Westley appointed CFO from Blum Capital Partners.
Sequential cash used in ops reduced >50%; gross margin improved >9 pts.

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