Business
CuriosityStream Announces Fourth Quarter and Full Year 2021 Financial Results
Fourth quarter 2021 revenue of $27.3 million, up 140% year over year Full year 2021 revenue of $71.3 million, up 80% year over year Fourth quarter 2021
About this update from Curiositystream Inc.
[{"type":"text","content":"\n\nFourth quarter 2021 revenue of $27.3 million, up 140% year over year\n\n\nFull year 2021 revenue of $71.3 million, up 80% year over year\n\n\nFourth quarter 2021 international revenue more than doubled quarter over quarter, exceeded 50% of total revenue for the first time\n\n\nGrew total paying subscribers over 50% year over year\n\n\nPlans to increase subscription pricing in 2022\n\n\n SILVER SPRING, Md.--(BUSINESS WIRE)--\nCuriosityStream Inc. (NASDAQ: CURI), a global factual entertainment company, today announced its financial results for the fourth quarter and full year ended December 31, 2021.\n\n“We are thrilled to announce that we exceeded our revenue target for the second year in a row, exceeding $71 million in 2021 as our investments in content, people, and technology continued to bear fruit,” said Clint Stinchcomb, President & CEO. “Over the past year, we have more than doubled the size of our content library, and our 2022 content slate promises to be our biggest and best yet. Later this year, we plan to better align the value we bring to our subscribers with new subscription plan pricing. As a mission-driven company, we are relentlessly focused on satisfying humanity’s enduring curiosity about our world. Looking ahead to the remainder of 2022 and beyond, we are excited to fulfill our mission by delivering premium factual content that informs, enchants, and inspires.”\n\nFourth Quarter 2021 Financial Results\n\n\nRevenue of $27.3 million, up from $11.4 million in the fourth quarter of 2020;\n\n\nGross profit of $10.0 million compared to $6.7 million in the fourth quarter of 2020;\n\n\nNet loss of $(11.4) million compared to net loss of $(25.8) million in the fourth quarter of 2020; and\n\n\nEBITDA of $(17.8) million compared to EBITDA of $(15.5) million in the fourth quarter of 2020.\n\n\nFull Year 2021 Financial Results\n\n\nRevenue for the full year of $71.3 million, up from $39.6 million for the full year 2020;\n\n\nTotal paying subscribers of approximately 23 million, up over 50% year-over-year;\n\n\nGross profit of $34.6 million for the full year 2021 compared to $24.2 million for the full year 2020;\n\n\nNet loss of $(37.6) million for the full year 2021 compared to net loss of $(48.6) million for the full year 2020; and\n\n\nEBITDA of $(51.9) million for the full year 2021 compared to $(38.5) million for the...