|Over a month ago|
CuriosityStream downgraded to Market Perform from Outperform at Barrington » 09:1208/1608/16/22
Barrington analyst James…
Barrington analyst James Goss downgraded CuriosityStream to Market Perform from Outperform with no price target after the company reported Q2 revenues "moderately above" his estimate but gave Q3 revenue guidance below his expectations. While he continues to like the company's strategy and positioning, he is taking a more cautious stance as he monitors a potentially extended time frame to achieve consistent operational and financial results, Goss tells investors.
CuriosityStream price target lowered to $8 from $10 at Benchmark » 06:1208/1608/16/22
Benchmark analyst Daniel…
Benchmark analyst Daniel Kurnos lowered the firm's price target on CuriosityStream to $8 from $10 and keeps a Buy rating on the shares. CuriosityStream posted solid Q2 results, with a 25% y/y increase in subscribers, Kurnos tells investors in a research note. While Q3 revenue guidance was weaker than expected, the analyst feels there were several positives in the quarter, including strong continued sequential subscriber growth, and a 52% q/q reduction in cash burn.
CuriosityStream sees Q3 revenue $21M-$23M, consensus $25.7M » 16:1008/1508/15/22
Sees Q3 EBITDA loss…
Sees Q3 EBITDA loss within the range of $(11) - $(9) million
CuriosityStream reports Q2 EPS (30c), consensus (28c) » 16:0908/1508/15/22
Reports Q2 revenue…
Reports Q2 revenue $22.3M, consensus $21.0M. "We are pleased to report another quarter of strong, broad-based year-over-year revenue growth, with revenue at the high end of our guidance and EBITDA exceeding our first half 2022 guidance, as we continue to deliver the world's best factual content to the marketplace," said Clint Stinchcomb, President & CEO. "Under the leadership of our new CFO, Peter Westley, we made excellent headway during the second quarter with a 52% sequential reduction in cash used in operations. At the same time, we continued to grow our subscriber base, enter into new partnerships, and expand our content library, which stood at over 15,000 assets at the end of the second quarter. With a sound strategy, a strong team, and a solid balance sheet, we look forward to continuing to delight our subscribers with engaging storytelling in the years to come."
Curiosity enters partnership to add Da Vinci Kids to Smart Bundle » 10:0107/2507/25/22
Curiosity announced a…
Curiosity announced a partnership that adds the Da Vinci Kids educational streaming and interactive learning platform to Curiosity's Smart Bundle. The bundle, offered through Curiosity's flagship streamer Curiosity Stream, gives viewers access to seven leading subscription services dedicated to entertainment that inspires learning, exploring, and expanding horizons.
|Over a quarter ago|
CuriosityStream price target lowered to $2 from $3 at Stifel » 07:3306/2806/28/22
Stifel analyst Scott…
Stifel analyst Scott Devitt lowered the firm's price target on CuriosityStream to $2 from $3 and keeps a Hold rating on the shares. Consumer Internet companies need to exhibit discipline and balance growth versus profits with access to new capital "at a higher cost than arguably anytime in the past 20 years," Devitt said. He believes the best performing stocks in Internet e-commerce in the current environment will be large blue chip companies without a need for external capital, a "small selection" of small-to-mid-sized companies with good growth and no need for external capital, and "eventually" small-to-mid sized companies that may be able to work through current capital constraints.
CuriosityStream appoints Peter Westley as CFO succeeding Jason Eustace » 07:5905/2305/23/22
CuriosityStream has appointed Peter Westley as Chief Financial Officer. Westley succeeds Jason Eustace, who has served in the role since February 2020. Westley was most recently with public and private equity investment firm Blum Capital Partners, where he primarily focused on the media and technology sectors and served as Partner and Managing Partner from 2012 until earlier this year. He will report to Clint Stinchcomb, President and CEO of CuriosityStream. "Peter strengthens our performance-oriented culture with his distinguished track record of execution and achieving results," said Stinchcomb. "In Peter, we welcome a long-time trusted advisor to our team. We know his exemplary judgment and already value his insight into Curiosity's challenges and opportunities. Our colleagues, business partners, and investors will appreciate and enjoy Peter's collegiality, creativity and curiosity." John Hendricks, Chairman of CuriosityStream, commented, "In Peter Westley we have a seasoned and accomplished financial steward coming on board as our CFO. In addition to his deep financial background and tech sector acumen, Peter brings a wealth of keen strategic thinking to corporate growth and development projects well-known in the media industry. And more recently, all of us at Curiosity were impressed with the experienced guidance and recommendations he offered as board observer from 2018 through 2020. Our board welcomes the addition of Peter's valuable knowledge and judgment to our senior leadership team."
Fly Intel: After-Hours Movers » 18:1305/1205/12/22
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CuriosityStream reports Q1 EPS (30c), consensus (33c) » 16:3105/1205/12/22
Reports Q1 revenue…
Reports Q1 revenue $17.6M, consensus $18.0M. "We are pleased to report another quarter of strong year-over-year growth in revenue and paid subscribers and industry-leading retention rates as we continue to deliver the world's best factual content to the marketplace," said Clint Stinchcomb, President & CEO. "Our global platform, library of over 10,000 titles, and millions of loyal subscribers have established Curiosity as a valuable media brand. With the commitment to positive cash flow from operations we are announcing today, we are firmly establishing Curiosity as an enduring company that will continue to delight our subscribers in the years to come."
CuriosityStream files to sell 26.5M shares of common stock for holders 06:1604/0604/06/22