Track market-moving stories before they get noisy

SILVER SPRING, MD / ACCESS Newswire / October 13, 2026 / CuriosityStream Inc. (the "Company") (Nasdaq:CURI), a leading global factual entertainment media company, today announced that it will release financial results for the third quarter of 2026 on Wednesday, November 11, 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. Our portfolio spans millions of hours of premium video and audio alongside a production-grade code library of over 1,000 repositories with decades of contextual history, 100,000 pull requests, and assets from seven operating companies. Additionally, we offer dozens of bespoke video datasets created with our proprietary content intelligence tools. See our sample datasets in action here. 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 oversees original programming. For more information, visit CuriosityStream.com.

Contact:

CuriosityStream Investor Relations
Brett Maas
[email protected]

SOURCE: CuriosityStream

With the Canadian launch, Curiosity Stream is now available through Prime Video in five major English-speaking markets, expanding its global presence on the platform

SILVER SPRING, MD / ACCESS Newswire / September 30, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a leading global factual media and entertainment company, today announced the launch of its flagship streaming service, Curiosity Stream, as a subscription on Prime Video in Canada.

The launch significantly expands Curiosity Stream's relationship with Prime Video and brings the service's subscription presence to five major English-speaking markets: the United States, the United Kingdom, Canada, Australia and New Zealand. Curiosity Stream is also distributed as a subscription through Prime Video in Germany, India, the Netherlands, Sweden and Finland.

Amazon customers across Canada can now subscribe to Curiosity Stream directly through Prime Video and explore thousands of award-winning and critically acclaimed films, series and specials spanning science, nature, history, technology, civilization and human achievement. The integration gives customers the convenience of discovering, subscribing to and watching Curiosity Stream within the Prime Video experience, with no additional app to download.

"Canada is an important market for Curiosity Stream, and this launch represents a significant milestone in our longstanding and growing relationship with Prime Video," said Jay Sodha, Curiosity's VP of Partnerships and Business Development. "With Curiosity Stream now available through Prime Video across the United States, the United Kingdom, Canada, Australia and New Zealand, we have established powerful distribution across many of the world's most important English-speaking markets. Prime Video has been exceptional in helping us make Curiosity Stream easier to discover and enjoy, and we see tremendous opportunity to continue expanding this relationship around the world."

The Canadian launch advances Curiosity's strategy of meeting audiences on the platforms they already use while working with leading distribution partners to create simple, integrated viewing experiences. With a deep library of globally relevant factual entertainment, broad international rights and extensive content-localization capabilities, Curiosity offers partners a flexible range of products tailored to individual markets, from premium subscription services and linear channels to free, ad-supported streaming channels and direct content licensing.

Amazon customers in Canada can subscribe to the Curiosity Stream subscription now through Prime Video for $7.99/month CAD after a 7-day free trial.

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, up to 1 trillion proprietary tokens of production-grade code rich with developer context, and dozens of bespoke datasets created with proprietary content intelligence tools. See our sample datasets in action here. 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 oversees original programming. For more information, visit CuriosityStream.com.

Media Contact:

Vanessa Gillon
[email protected]

SOURCE: CuriosityStream

There are few things more exciting for stock market investors than passive income. And CuriosityStream (CURI -0.54%) stands out because it combines a significantly above-average yield of 12.2% with immense growth potential as it seeks to scale up its business model. Let's dig deeper into the pros and cons of this tiny video streamer to decide if the sky-high dividend payout makes the stock a buy.

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What went wrong for CuriosityStream? Hindsight is 20/20. And looking back over the last few years, it is clear that many stocks that went public through special purpose acquisition companies (SPACs) have sharply underperformed the market because of challenges like lack of business maturity and equity dilution. Curiosity Stream is an excellent example of this phenomenon, with shares down by roughly 72% from its original SPAC unit price of roughly $10.

The company was hit hard by the dramatic drop in investor interest in stay-at-home stocks after the easing of lockdowns and movement restrictions after the COVID-19 pandemic. Since then, management has been trying to engineer a turnaround and convince investors it's worth taking another look. Second-quarter earnings give valuable insights. Revenue grew 22% year over year to $23.2 million, driven mostly by licensing revenue, which jumped 48% to $14.1 million. This segment refers to the money Curiosity Stream gets from allowing other media companies to use its vast library of educational content.

The company's video library has also caught the attention of generative artificial intelligence (AI) clients, which can use it to help train their models. However, Curiosity Stream's long-term AI efforts stand to be much more exciting than just feeding finished content into video models. It has begun offering access to its video creation techniques, such as its synchronized multi-camera action sequences, to research labs, which can help them train AI models on video editing workflows.

Management's willingness to work with AI companies could give CuriosityStream a unique niche and widen its economic moat compared to large rivals like Netflix, which don't need the revenue stream and tend to view AI video generators as a threat instead of an opportunity.

Is the 12.2% dividend sustainable? There are many ways to assess the sustainability of a dividend. But I like to compare it to profits and profit growth because these are the main things that will make the payout possible over the long haul. The good news is that Curiosity Stream's bottom-line results are good for now.

Unlike most early-stage growth stocks, Curiosity Stream has managed to couple its growing revenue with a falling cost of revenue. This probably has a lot to do with its evolving revenue breakdown as it shifts toward higher-margin video licensing and AI training deals. The pivot away from chasing subscriber growth and the increasing focus on enterprise clients has also allowed management to slash its advertising budget.

Image source: Getty Images.

Over 12 months, the company has increased its gross margin from 53.4% to 72.8% and cut its operating expenses by 24.1% -- sending second-quarter operating income up by over 1,800% to $9.18 million. This comfortably exceeds the $5 million the company paid out in dividends and the $0.6 million in share repurchases during the period.

With cash and equivalents of $10.9 million and no debt, the company is in a strong position to maintain its payout for the next few quarters (assuming it can replicate the large AI deals it secured in the second quarter). And it looks like a high-risk, high-reward buy for investors who prioritize income and believe the AI boom is here to stay.

That said, Curiosity Stream's decision to maintain such a large dividend is unorthodox for a small growth-focused company. And the payout may represent the majority of long-term returns investors should expect for owning the stock. After all, these are earnings that could have otherwise been reinvested into the business to generate future growth.

CuriosityStream Inc. (CURI - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for CuriosityStream basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for CuriosityStream imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for CuriosityStreamThis company is expected to earn $0.20 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for CuriosityStream. Over the past three months, the Zacks Consensus Estimate for the company has increased 178.6%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of CuriosityStream to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Key Takeaways Rising P/E ratios often signal investor confidence, earnings strength and further upside potential. The screen identifies stocks with accelerating earnings growth and sustained price momentum. CURI, INO, GDS, NMG and CCOI pair rising P/Es with strong earnings performance. Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth.

But there is more to this whole P/E story. Because not just low P/E, even stocks with a rising P/E can fetch strong returns. In this regard, investors can bet on the likes of CuriosityStream (CURI - Free Report) , Inovio Pharmaceuticals (INO - Free Report) , GDS Holdings (GDS - Free Report) , Nouveau Monde Graphite (NMG - Free Report) and Cogent Communications (CCOI - Free Report) .

Rising P/E: A Useful ToolThe concept is that as earnings rise, so should the price of the stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its price. After all, astock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings.

Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals.

So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it.

Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.

The Winning StrategyIn order to shortlist stocks that are exhibiting an increasing P/E, we chose the following as our primary screening parameters.

EPS growth estimate for the current year is greater than or equal to last year’s actual growth

Percentage change in last year’s EPS should be greater than or equal to zero

(These two criteria point to flat earnings or a growth trend over the years.)

Percentage change in price over four weeks greater than the percentage change in price over 12 weeks

Percentage change in price over 12 weeks greater than percentage change in price over 24 weeks

(These two criteria show that the price of the stock is increasing consistently over the said timeframes.)

Percentage price change for four weeks relative to the S&P 500 greater than the percentage price change for 12 weeks relative to the S&P 500

Percentage price change for 12 weeks relative to the S&P 500 greater than the percentage price change for 24 weeks relative to the S&P 500

(Here, the case for consistent price gains gets even stronger as it displays percentage price changes relative to the S&P 500.)

Percentage price change for 12 weeks is 20% higher than or equal to the percentage price change for 24 weeks, but it should not exceed 100%

(A 20% increase in the price of a stock from the breakout point gives cues of an impending uptrend. But a jump of over 100% indicates that there is limited scope for further upside and that the stock might be due for a reversal.)

In addition, we place a few other criteria that lead us to some likely outperformers.

Zacks Rank less than or equal to 2: Only companies with a Zacks Rank #1 (Strong Buy) or 2 (Buy) can get through.

Average 20-day Volume greater than or equal to 50,000: High trading volume implies that the stocks have adequate liquidity.

Just these few criteria narrowed down the universe from over 7,700 stocks to just 20.

Here are five out of the 20 stocks:

CuriosityStream: The Zacks Rank #1 factual entertainment company offers features that include stunning visuals and unrivaled storytelling to demystify science, nature, history, technology, society and lifestyle. You can see the complete list of today’s Zacks #1 Rank stocks here.

The average four-quarter earnings surprise of CURI is 6.25%.

Inovio Pharmaceuticals: The Zacks Rank #2 company is engaged in the discovery, development and delivery of a new generation of vaccines, called DNA vaccines, focused on cancers and infectious diseases.

The average four-quarter earnings surprise of INO is 69.05%.

GDS Holdings: The Zacks Rank #2 company provides information technology services. It offers integrated solutions, consulting, service and training, including data center hosting, IT management and operation outsourcing, business continuity management, disaster recovery and cloud computing services.

The average four-quarter earnings surprise of GDS is 583.22%.

Nouveau Monde Graphite: The company is developing advanced carbon-neutral graphite-based material solutions for lithium-ion and fuel cell markets. Nouveau Monde Graphite Inc. is based in MONTREAL. The stock has a Zacks Rank #2.

The average four-quarter earnings surprise of NMG is 106.17%.

Cogent Communications: The company is a Tier 1 Internet Service Provider that offers low-cost high-speed Internet access, private network services and colocation center services with ultra-low-latency data transmission. The stock has a Zacks Rank #2.

The average four-quarter earnings surprise of CCOI is 28.41%.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Lifetime Brands, Inc. (LCUT - Free Report) : This home products company has seen the Zacks Consensus Estimate for its current year earnings increasing 184.9% over the last 60 days.

CuriosityStream Inc. (CURI - Free Report) : This media and entertainment company has seen the Zacks Consensus Estimate for its current year earnings increasing 185.7% over the last 60 days.

Oscar Health, Inc. (OSCR - Free Report) : This healthcare technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 227.7% over the last 60 days.

Custom Truck One Source, Inc. (CTOS - Free Report) :This specialty equipment rental company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.

Chime Financial, Inc. (CHYM - Free Report) : This financial technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 36.7% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Investors might want to bet on CuriosityStream Inc. (CURI - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, 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.

For CuriosityStream Inc., strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe earnings estimate of $0.03 per share for the current quarter represents a change of +150.0% from the number reported a year ago.

Over the last 30 days, one estimate has moved higher for CuriosityStream while one has gone lower. As a result, the Zacks Consensus Estimate has increased 20%.

Current-Year Estimate RevisionsFor the full year, the earnings estimate of $0.20 per share represents a change of +281.8% from the year-ago number.

The revisions trend for the current year also appears quite promising for CuriosityStream, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 178.57%.

Favorable Zacks RankThe promising estimate revisions have helped CuriosityStream earn a Zacks Rank #1 (Strong 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.

Bottom LineCuriosityStream shares have added 17.5% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

CuriosityStream Inc. reported record EBITDA for Q2 after a weak start to 2026, sending the stock surging. Licensing revenues performed very well, as AI-led demand seems to have remained robust. Subscription revenues stabilized sequentially. CURI's Q2 strength can't be extrapolated, but a raised 2026 guidance suggests fair turnaround momentum ahead as well.

CuriosityStream delivered a strong Q2 after the close yesterday, with revenues up 22% and operating profit soaring to $9.2M from $0.5M. CURI's 2026 guidance appears conservative and is likely to exceed  management's projected $77M–$82M in revenues and $18M–$22M adjusted EBITDA. AI content licensing revenues are now diversified across a broader customer base, which previously hindered revenue visibility.

CuriosityStream Inc. (CURI - Free Report) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +275.00%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.02, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

CuriosityStream, which belongs to the Zacks Film and Television Production and Distribution industry, posted revenues of $23.25 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.44%. This compares to year-ago revenues of $19.01 million. The company has topped consensus revenue estimates three 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.

CuriosityStream shares have lost about 26.3% since the beginning of the year versus the S&P 500's gain of 12.9%.

What's Next for CuriosityStream?While CuriosityStream 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 CuriosityStream 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 see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $20.53 million in revenues for the coming quarter and $0.07 on $78.75 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Film and Television Production and Distribution is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Consumer Discretionary sector, Melco Resorts (MLCO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.

This casino company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -73.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Melco Resorts' revenues are expected to be $1.29 billion, down 2.9% from the year-ago quarter.

Wednesday, 12 August 2026 04:05 PM

Topic: 

Earnings Raised full year guidance for both revenue and adjusted EBITDA

Revenue of $23.2 million, up 22% or $4.2 million

Licensing revenue of $14.1 million, up 48%, driven by new partnerships

Record net income of $8.9 million, up 1,033% or $8.1 million

Record Adj. EBITDA of $11.4 million, up 276% or $8.3 million

EPS of $0.15 per share

Continued return of capital to shareholders through share repurchases and cash dividend of $0.085

SILVER SPRING, MD / ACCESS Newswire / August 12, 2026 / CuriosityStream Inc. (Nasdaq:CURI), a global factual entertainment company, today announced its financial results for the quarter ended June 30, 2026. In addition, the Company's Board of Directors declared the Company's third quarter cash dividend of $0.085 per share, payable on September 18, 2026, to stockholders of record on September 4, 2026.

"Curiosity delivered a record second quarter, demonstrating the earnings power of our differentiated content and data corpora and our efficient operating model," said Clint Stinchcomb, CuriosityStream's President and CEO. "Licensing revenue reached $14.1 million, supported by new partnerships across traditional media and AI training, while our gross margin expanded to 73%. The combination of strong licensing execution, sturdy subscription revenue and continued cost discipline drove record net income of $8.9 million and record adjusted EBITDA of $11.4 million."

"This was our sixth consecutive quarter of positive adjusted EBITDA, and we believe we are still in the early stages of realizing the full value of our IP," Stinchcomb continued. "We continue to expect a significant step-up in revenue and cash flow in 2026 compared with 2025 from our subscription and licensing efforts. Our licensing opportunity is built on three pillars: video licensing to traditional media; audio and video licensing for AI training; and private code licensing for AI training. With a robust pipeline we are raising our full-year revenue and adjusted EBITDA outlook while continuing to invest in growth and return capital to shareholders through dividends."

Second Quarter 2026 Financial Results

Revenue of $23.2 million, compared to $19.0 million in the second quarter of 2025;

Gross profit of $16.9 million or 72.8% gross margin, compared to $10.1 million or 53.4% gross margin in the second quarter of 2025;

Record net income of $8.9 million compared to a net income of $0.8 million in the second quarter of 2025.

Record adjusted EBITDA of $11.4 million, an increase of $8.3 million, compared to Adjusted EBITDA of $3.0 million in the second quarter of 2025, and the sixth sequential quarter of positive EBITDA;

Reduced operating expenses by $4.5 million, or 24.1%, compared to the second quarter of 2025;

Net cash used in operating activities of $3.0 million for the six months ended June 30, 2026, compared to net cash provided by operating activities of $4.7 million for the six months ended June 30, 2025;

Paid an ordinary dividend of $5.0 million and repurchased nearly $0.6 million in common shares; and

Cash, restricted cash and held-to-maturity securities balance of $10.9 million and no debt as of June 30, 2026.

Second Quarter 2026 Business Highlights

Licensed thousands of hours of traditional premium video to over 25 public broadcasters, streamers, paytv and digital first distributors;

Premiered Independence Dawn, new season of Butterfly Effect and over 160 films and series to SVOD and Paytv subscribers;

Licensed millions of tokens of code for AI training, reinforcement learning and evaluation;

Private code corpus of more than 880 billion tokens now available for virtually all aspects of AI training;

Licensed thousands of hours of synchronized multi-camera action sequences to a leading video research lab to train models on advanced video editing workflows;

Licensed 40,000 segment High Dynamic Range (HDR) dataset;

Seventh 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 video and audio across multiple genres;

New subscription launches in Mexico and US with Apple, Sling, Dish and other partners; and

Continued enhancements in payments, billing and processing. May 2026 was the Company's best month in history for retention of involuntary churn.

Financial Outlook

CuriosityStream expects the following for the second half and full year of 2026:

Second-half 2026 revenue in the range of $38 - $41 million, and full-year 2026 revenue in the range of $77 - $82 million.

Second-half 2026 Adjusted EBITDA1 in the range of $6 - $10 million, and full-year 2026 Adjusted EBITDA1 in the range of $18 - $22 million.

December 31, 2026, cash and investments2 balance in the range of $17 - 22 million.

1 See Non-GAAP Financial Measures below.

2 Cash and investments consist of financial instruments, including cash and cash equivalents, restricted cash, investments in debt and other securities, and investments in equity method investees.

Conference Call Information

CuriosityStream will host a Q&A conference call today to discuss the Company's second 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# 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 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, 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 Measures

To 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 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, 880 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 oversees original programming. For more information, visit CuriosityStream.com.

Contacts:

CuriosityStream Investor Relations
Brett Maas
[email protected]

CuriosityStream Inc.
Condensed Consolidated Balance Sheets

(unaudited and in thousands)

June 30,
2026

December 31,
2025

Assets

Current assets

Cash and cash equivalents

$

5,379

$

18,318

Restricted cash

60

60

Short-term investments in debt and other securities

1,496

8,966

Accounts receivable, net

6,402

8,893

Other current assets

2,994

1,198

Total current assets

16,331

37,435

Investments in debt securities

3,920

-

Investments in equity method investees

3,733

3,668

Property and equipment, net

341

404

Content assets, net

32,502

31,000

Licensing fee receivable, net of current portion

5,967

-

Operating lease right-of-use assets

2,605

2,763

Other assets

2,066

461

Total assets

$

67,465

$

75,731

Liabilities and stockholders' equity

Current liabilities

Content liabilities

$

61

$

362

Accounts payable

4,316

9,449

Accrued expenses and other liabilities

8,218

12,094

Deferred revenue

8,226

8,409

Total current liabilities

20,821

30,314

Non-current operating lease liabilities

3,234

3,460

Other liabilities

1,948

470

Total liabilities

26,003

34,244

Commitments and contingencies (Note 13)

Stockholders' equity

Common stock, $0.0001 par value - 125,000 shares authorized as of June 30, 2026, and December 31, 2025; 59,594 shares issued as of June 30, 2026 and 58,950 issued as of December 31, 2025, including 489 and 216 treasury shares; 59,105 and 58,734 shares outstanding as of June 30, 2026. and December 31, 2025, respectively.

5

5

Treasury stock

(1,122

)

(251

)

Additional paid-in capital

381,034

377,577

Accumulated deficit

(338,455

)

(335,844

)

Total stockholders' equity

41,462

41,487

Total liabilities and stockholders' equity

$

67,465

$

75,731

CuriosityStream Inc.
Condensed Consolidated Statements of Operations

Three Months Ended
June 30,

Six Months Ended
June 30,

(unaudited and in thousands except per share amounts)

2026

2025

2026

2025

Revenues

$

23,245

$

19,012

$

38,406

$

34,102

Operating expenses

Cost of revenues

6,313

8,864

12,970

15,944

Advertising and marketing

1,900

3,275

5,415

6,209

General and administrative

5,852

6,393

12,385

11,390

14,065

18,532

30,770

33,543

Operating income

9,180

480

7,636

559

Change in fair value of warrant liability

-

(79

)

-

(86

)

Interest and other income

101

424

311

850

Equity method investment income (loss)

35

(156

)

65

(307

)

Income before income taxes

9,316

669

8,012

1,016

Provision for (benefit from) income taxes

434

(115

)

458

(87

)

Net income

$

8,882

$

784

$

7,554

$

1,103

Net income per share

Basic

$

0.15

$

0.01

$

0.13

$

0.02

Diluted

$

0.15

$

0.01

$

0.12

$

0.02

Weighted average number of common shares outstanding

Basic

59,190

57,585

59,070

57,357

Diluted

60,607

58,745

60,534

58,489

CuriosityStream Inc.
Condensed Consolidated Statements of Cash Flows

Six Months Ended
June 30,

(unaudited and in thousands)

2026

2025

Cash flows from operating activities

Net income

$

7,554

$

1,103

Adjustments to reconcile net income to net cash (used in) provided by operating

Change in fair value of warrant liability

-

86

Additions to content assets

(9,543

)

(4,179

)

Change in content liabilities

(301

)

120

Amortization of content assets

8,041

7,113

Depreciation and amortization expenses

88

83

Bad debt expenses

48

(61

)

Loss on disposal of assets

170

-

Amortization of premiums and accretion of discounts associated with investments

(34

)

(354

)

Stock-based compensation

4,101

3,077

Equity method investment (income) loss

(65

)

307

Other non-cash items

102

145

Changes in operating assets and liabilities

Accounts receivable

(3,811

)

(5,190

)

Other assets

(1,174

)

335

Accounts payable

(5,134

)

(521

)

Accrued expenses and other liabilities

(2,861

)

4,023

Deferred revenue

(131

)

(1,376

)

Net cash (used in) provided by operating activities

(2,950

)

4,711

Cash flows from investing activities

Purchases of property and equipment

-

(77

)

Business acquisitions

(1,954

)

-

Sales of investments in debt securities

$

1,000

2,000

Maturities of investments in debt securities

$

6,500

17,450

Purchases of investments in debt securities

$

(3,915

)

(11,070

)

Net cash provided by investing activities

$

1,631

8,303

Cash flows from financing activities

Repurchases of common stock

(871

)

-

Dividends paid

$

(9,889

)

(12,665

)

Payments related to tax withholding

$

(730

)

(1,297

)

Payment of debt issuance costs

$

(130

)

-

Net cash used in financing activities

$

(11,620

)

(13,962

)

Net decrease in cash, cash equivalents and restricted cash

(12,939

)

(948

)

Cash, cash equivalents and restricted cash, beginning of period

18,378

7,951

Cash, cash equivalents and restricted cash, end of period

5,439

7,003

Supplemental non-cash operating activities:

Disposition of assets in exchange for a non-cash receivable in connection with the

$

250

$

-

Supplemental disclosure:

Income tax refunds received, net of payments

$

12

$

84

Cash paid for operating leases

$

(290

)

$

(235

)

CuriosityStream Inc.
Reconciliation from Net Income to Adjusted EBITDA

Three Months Ended
June 30,

Six Months Ended
June 30,

(unaudited and in thousands)

2026

2025

2026

2025

Net Income

$

8,882

$

784

$

7,554

$

1,103

Change in fair value of warrant liability

-

79

-

86

Interest and other income

(101

)

(424

)

(311

)

(850

)

Provision for (benefit from) income taxes

434

(115

)

458

(87

)

Equity method investment income (loss)

(35

)

156

(65

)

307

Depreciation and amortization1

47

42

88

83

Restructuring2

-

13

-

36

Other nonrecurring3

281

273

452

366

Stock-based compensation

1,860

2,214

4,101

3,077

Adjusted EBITDA

$

11,368

$

3,022

$

12,277

$

4,121

1 Amounts do not include amortization of content assets.
2 Consists primarily of severance and other costs associated with ongoing workforce optimization.
3 Consists of nonrecurring license, risk mitigation expenses, and loss on asset disposal associated with the Curiosity Brands, LLC transaction.

CuriosityStream Inc.
Reconciliation from Net Cash Flow provided by Operating Activities to Adjusted Free Cash Flow

Three Months Ended
June 30,

Six Months Ended
June 30,

(In thousands)

2026

2025

2026

2025

Net cash flow provided by operating activities

$

(4,160

)

$

2,789

$

(2,950

)

$

4,711

Purchases of property and equipment

$

-

-

-

(77

)

Restructuring payments1

-

13

-

59

Other nonrecurring payments2

105

59

170

174

Adjusted Free Cash Flow

$

(4,055

)

$

2,861

$

(2,780

)

$

4,867

1 Consists primarily of severance and ongoing workforce optimization.
2 Consists primarily of payments related to risk mitigation efforts.

SOURCE: CuriosityStream

Transaction Gives CuriosityStream Control of Its Top Non-English-Speaking Market, Creating New Opportunities for Growth, Operational Efficiency and Revenue Expansion

SILVER SPRING, MD / ACCESS Newswire / July 7, 2026 / CuriosityStream Inc. (Nasdaq:CURI), the global factual media and entertainment company, today announced that it has completed the acquisition of the remaining ownership interests in its German operations from its longtime partners, SPIEGEL TV and Autentic. The transaction gives CuriosityStream sole ownership of one of its most important international markets and marks the next phase of the company's global growth strategy.

The acquisition follows a successful partnership established in 2021, when CuriosityStream joined forces with SPIEGEL TV and Autentic to expand the Curiosity brand across Germany, Austria and Switzerland through a joint venture focused on premium factual programming. Saevar Lemke will continue to lead the German operations as General Manager, providing continuity for employees, partners and customers while overseeing the next chapter of growth.

"We are grateful to our longtime partners, SPIEGEL TV and Autentic, for helping establish a world-class factual media platform in Germany," said Clint Stinchcomb, President and CEO of CuriosityStream. "Together, we built a strong foundation in one of the world's most sophisticated markets for documentary and factual programming. We look forward to building on that success as we integrate our German operations more fully into CuriosityStream's global organization."

Germany has long been the company's largest and most important non-English-speaking market, with audiences demonstrating a deep appreciation for premium factual storytelling. The transaction enables CuriosityStream to accelerate growth by aligning its German market presence with the company's global strategy while unlocking new operational and commercial opportunities.

CuriosityStream will seamlessly continue to operate and distribute the following German portfolio:

Curiosity Stream, a German-language subscription streaming service, available direct to consumer as well as through channels stores for Amazon Germany and O2;

Curiosity Channel, a premium pay television network carried by 11 affiliate partners in Germany, Austria and Switzerland;

SPIEGEL Geschichte, one of Germany's leading history-focused pay television channels; And

Curiosity Now, a FAST channel serving German-speaking audiences and carried across 15 platforms.

With complete ownership, CuriosityStream expects to streamline operations, further integrate its German assets across the broader organization, and leverage the company's global technology, content, advertising, distribution and AI licensing capabilities to create additional revenue opportunities.

"As a focused, publicly traded global media company, CuriosityStream has the ability to move quickly, make decisions efficiently and capitalize on emerging opportunities," Stinchcomb added. "Full ownership allows us to bring those advantages directly to our German operations, creating a more integrated platform, expanding monetization opportunities, and positioning our German presence for long-term growth."

The acquisition further advances CuriosityStream's strategy of expanding its international media footprint while strengthening its portfolio of owned and operated distribution assets. It also creates additional opportunities to monetize the company's premium factual content library across subscription, linear television, FAST, traditional licensing and AI training partnerships.

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 oversees original programming. For more information, visit CuriosityStream.com.

Media Contact:

Vanessa Gillon
[email protected]

SOURCE: CuriosityStream

CuriosityStream leverages its vast, copyright-compliant non-fiction content library as a key moat, targeting AI data training as its primary growth driver. CURI's licensing revenue, including AI training, rose to 40% of total revenue in 1Q26, offsetting a 5% decline in subscription revenue. Management projects full-year 2026 revenue to grow 8% year-over-year, with adjusted EBITDA expected to increase 120% at the mid-point of guidance.

Film and television production and distribution companies like WMG, NWSA, IMAX and CURI are thriving despite heavy spending on original programming and exclusive rights.

Thursday, 14 May 2026 04:05 PM

Topic: 

Earnings 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 dividend of $4.9 million;

Repurchased 90 thousand shares; and

Cash, restricted cash and held-to-maturity securities balance of $23.4 million and no debt as of March 31, 2026.

First Quarter 2026 Business Highlights

Subscription 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 Outlook

CuriosityStream 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 Information

CuriosityStream 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 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, 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 Measures

To 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
[email protected]

CuriosityStream 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: CuriosityStream

CuriosityStream Inc. (CURI) came out with a quarterly loss of $0.02 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago.

Curiosity's Flagship Spanish-Language Offering Now Available

SILVER SPRING, MD / ACCESS Newswire / May 28, 2026 / Curiosity Inc., a leading global factual media company, today announced the launch of Curiosity Stream, on Apple TV channels in Mexico, marking a significant expansion of its international reach.

Viewers in Mexico can now access Curiosity Stream's award-winning documentaries and series in Spanish directly through the Apple TV app, with seamless viewing across iPhone, iPad, Apple TV 4K, and other supported devices, including popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com. The launch strengthens Curiosity Stream's presence within the Apple TV ecosystem while unlocking new growth opportunities in a Spanish-speaking market.

Curiosity Stream features a deep library of premium documentary films and series spanning science, history, nature, technology, space, and society. From acclaimed originals to globally recognized titles, the service is designed for lifelong learners and intellectually curious audiences worldwide.

"Expanding Curiosity Stream on Apple TV app in Mexico is an important step in our global growth strategy," said Jay Sodha, VP of Business Development and Partnerships at Curiosity. "Mexico is a dynamic and fast-growing streaming market, and we are proud to offer a fully localized content experience tailored to Spanish-speaking audiences. Our availability within the Apple TV app enhances discoverability, simplifies the viewing experience, and enables us to connect with viewers across Mexico in a meaningful way."

The launch in Mexico marks another milestone in Curiosity Stream's continued global expansion within the Apple TV app, following recent launches in Canada, Australia, and New Zealand. The service now spans major international markets including the United States, the UK, the Nordics, and additional territories throughout Europe -- highlighting the company's commitment to scalable growth and global audience engagement through high-quality, localized content.

Through Apple TV channels, subscribers can sign up with a single tap and watch directly within the Apple TV app, benefiting from unified billing, personalized recommendations, and a streamlined viewing experience.

About Curiosity Inc.

Curiosity 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. Curiosity 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. Curiosity Inc. is a wholly owned subsidiary of CuriosityStream Inc. (Nasdaq:CURI). For more information, visit CuriosityStream.com.

Media Contact:

Vanessa Gillon
[email protected]

SOURCE: CuriosityStream