- CuriosityStream ( CURI ) shows a 46% jump in revenue to $22.3M, beats consensus by $1.22M .
- Advertising revenue gains momentum with strongest quarter to date
- Total paying subscribers of ~25M, up over 25% Y/Y.
- Gross profit of $9.4M compared to $9.6M
- Net loss of $(16.0)M compared to net loss of $(8.3)M.
- EBITDA of $(12.2)M compared to EBITDA of $(10.9)M.
- Reduction in net cash used in operating activities of over 50% sequentially from Q1 2022
- Sequential gross profit margin improvement over 9%.
- “Smartest Bundle in Streaming” premium SVOD package gained further traction, with a 215% increase in daily average upgrades since the rollout of our new upgrade path.
- AAP EPS of -$0.30 misses consensus by $0.02.
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Q3 Financial Outlook: Revenue within the range of $21M- $23M (vs. consensus $24.95M ); EBITDA loss within the range of $(11)M - $(9)M.
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Contributor commentary on the stock: ' CuriosityStream: Now Trading Near Cash Value '
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So far the stock has declined 66% YTD; stock also slumped during June end after its target was lowered by Stifel Nicolaus to $2 from prior $3 ; it maintained its Hold rating.
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Sell-side analyst give the stock a Buy rating with 3.85 score and an average price target of $4.94; Quant rating of Hold with 2.86 score and lowest factor grades given to profitability and momentum.
- Previously (Aug. 15): CuriosityStream GAAP EPS of -$0.30 misses by $0.02, revenue of $22.35M beats by $1.22M
For further details see:
CuriosityStream slumps 8% guiding FQ3 below consensus