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CuriosityStream (CURI)
NASDAQ:CURI
Holding CURI?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.03Last Year’s EPS
-$0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -38.78%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in cash flow improvements, subscription revenue growth, and new partnerships. However, there was also a notable decline in total revenue and content licensing revenue. The company's strong balance sheet and liquidity position provide a positive outlook despite these challenges.Company Guidance
During CuriosityStream's Q3 2024 earnings call, the company reported its highest-ever quarterly adjusted free cash flow of $2.6 million, marking an improvement of nearly $6 million year-over-year. Revenue for the quarter was $12.6 million, with adjusted EBITDA improving by $3.5 million from the previous year. The company achieved an impressive gross margin of 54%, up from 46% a year ago, and excluding content amortization, the gross margin was 90%. Operating expenses saw a reduction, with G&A expenses down to $6.4 million, an 8% decrease year-over-year, and advertising and marketing expenses declining by 30% to $3.6 million. Looking ahead, CuriosityStream provided guidance for Q4 2024, expecting revenue between $12 million and $14 million and adjusted free cash flow in the range of $2 million to $3 million. The company also highlighted significant growth in its direct subscription revenue, which increased by 13% year-over-year, and the execution of several new partnership agreements to drive reliable, recurring revenue.Record Adjusted Free Cash Flow
CuriosityStream achieved its highest ever quarterly adjusted free cash flow of $2.6 million, marking an improvement of nearly $6 million year-over-year.
Increase in Direct Subscription Revenue
Direct subscription revenue grew by 13% year-over-year, despite flat sequential growth, with improved margins.
Expansion in Global Partnerships and Content Licensing
The company executed 9 new content licensing agreements across the U.S., Europe, the Middle East, and Latin America, and launched new pay-TV channels with MVPD partners in Europe and Latin America.
Improved Gross Margin
Gross margin increased to 54% from 46% a year ago, with the gross margin excluding content amortization rising to 90% from 80%.
Balance Sheet Strength
Ended the quarter with approximately $40 million in liquidity and no debt, providing significant operating flexibility.
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CURI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CURI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.63 | $1.93 | -26.62% |
| Aug 13, 2024 | $1.08 | $1.18 | +9.26% |
| May 07, 2024 | $1.19 | $1.11 | -6.72% |
| Mar 20, 2024 | $0.55 | $0.91 | +65.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CuriosityStream (CURI) report earnings?
CuriosityStream (CURI) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is CuriosityStream (CURI) earnings time?
CuriosityStream (CURI) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CURI EPS forecast?
CURI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.03.
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