If you were looking at just the stock price, you probably wouldn't guess that CuriosityStream (NASDAQ: CURI) just provided an excellent fourth-quarter 2020 update. Shares of the TV streaming upstart are down nearly 40% from all-time highs as of this writing.
Granted, there was no shortage of over-optimism after the company's IPO closing ( via SPAC ) last autumn. But after the sell-off and the company issuing stellar 2021 guidance, I'm interested in dipping my toe in the water here.
First, let's consider what CuriosityStream has accomplished to date. The TV streaming industry got really crowded in the last year, and many services are doing just fine because consumers flocked to binge-worthy subscription services during COVID-19 lockdowns. But CuriosityStream -- launched in 2015 by Discovery Channel founder and former Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) chairman John Hendricks -- is a differentiated offering. While its peer Discovery has increasingly gone into left field with reality TV shows, CuriosityStream is fully committed to factual documentary entertainment.
For further details see:
It Might Be Time to Start Buying Shares of TV Streaming Upstart CuriosityStream