CuriosityStream (NASDAQ:CURI) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

CuriosityStream (NASDAQ:CURI) announced its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11, Zacks reports. The business had revenue of $23.25 million during the quarter, compared to the consensus estimate of $21.32 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%.

Here are the key takeaways from CuriosityStream’s conference call:

• Record Q2 profitability highlighted revenue of $23.2 million, up 22% year over year, record net income of $8.9 million, and adjusted EBITDA of $11.4 million. Gross margin expanded to 73% and adjusted EBITDA margin reached 49%.
• Licensing revenue increased 48% to $14.1 million, supported by premium video distribution, AI-training data sets, and an 880-billion-token private code corpus. Management said its licensing pipeline is the strongest in company history and productized 17 video data sets to shorten sales cycles.
• The company reduced total operating expenses by 24% year over year and expects an additional 18%–20% reduction in second-half costs versus the first half. Management also forecast full-year 2026 revenue of $77 million–$82 million and adjusted EBITDA of $18 million–$22 million.
• Subscription revenue was approximately flat year over year at $8.9 million, as CuriosityStream prioritizes durable economics over aggressive customer acquisition. Management plans to pursue bundling, international expansion, and further distribution opportunities to support recurring subscription revenue.
• Second-half adjusted EBITDA guidance of $6 million–$10 million implies a sequential moderation from Q2’s $11.4 million, partly reflecting expectations for more revenue-sharing agreements and the inherently “chunky” timing of licensing deals. The company ended Q2 with $10.9 million in cash and securities after paying a $5 million dividend, repurchasing $600,000 of stock, and spending $2 million to consolidate its German business.

CuriosityStream Stock Performance

CuriosityStream stock opened at $2.80 on Thursday. The firm has a market capitalization of $165.12 million, a price-to-earnings ratio of -21.54 and a beta of 1.77. CuriosityStream has a fifty-two week low of $2.30 and a fifty-two week high of $5.51. The stock’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.99.

CuriosityStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Friday, September 4th. CuriosityStream’s payout ratio is presently -261.54%.

Analyst Ratings Changes

CURI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CuriosityStream in a research report on Tuesday, June 9th. Singular Research raised CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Finally, Barrington Research lowered their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Insiders Place Their Bets

In other news, CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares in the company, valued at $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Keeley sold 31,559 shares of CuriosityStream stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.70, for a total value of $85,209.30. Following the transaction, the director owned 188,450 shares of the company’s stock, valued at $508,815. This represents a 14.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 31.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CURI. Virtu Financial LLC purchased a new position in shares of CuriosityStream during the 4th quarter worth $71,000. Invesco Ltd. boosted its holdings in shares of CuriosityStream by 31.9% during the fourth quarter. Invesco Ltd. now owns 27,799 shares of the company’s stock worth $106,000 after purchasing an additional 6,728 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of CuriosityStream by 310.6% in the fourth quarter. NewEdge Advisors LLC now owns 64,367 shares of the company’s stock valued at $245,000 after purchasing an additional 48,690 shares during the period. XTX Topco Ltd grew its position in shares of CuriosityStream by 75.7% in the fourth quarter. XTX Topco Ltd now owns 69,911 shares of the company’s stock valued at $266,000 after purchasing an additional 30,127 shares during the period. Finally, Millennium Management LLC increased its stake in CuriosityStream by 234.5% in the fourth quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock valued at $2,615,000 after purchasing an additional 482,360 shares during the last quarter. 6.79% of the stock is currently owned by institutional investors and hedge funds.

CuriosityStream Company Profile

CuriosityStream, Inc (NASDAQ: CURI) is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company’s library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.