CuriosityStream Inc. (NASDAQ:CURI) shares soared 42.14% to $3.98 after the bell on Wednesday following a massive beat of 400% over the analyst estimate of $0.03, with second-quarter earnings of $0.15 per share.
The results announced are for the quarter ended June 30.
Revenue, Margins Jump
CuriosityStream posted revenue of $23.25 million, topping the $21.25 million estimate by 9.38%. This represents an increase from $19 million a year earlier.
The factual entertainment company reported record net income of $8.9 million, up from $0.8 million in the same quarter a year earlier.
Adjusted EBITDA also reached a record $11.4 million, a 276% increase from the prior-year quarter.
CuriosityStream raised its full-year 2026 revenue guidance to $77 million to $82 million and adjusted EBITDA guidance to $18 million to $22 million.
The company’s board also declared a quarterly dividend of $0.085 per share. The dividend will be paid on Sept. 18 to shareholders of record as of Sept. 4.
Clint Stinchcomb, CuriosityStream’s President and CEO, said, “Curiosity delivered a record second quarter, demonstrating the earnings power of our differentiated content and data corpora and our efficient operating model.” He added, “This was our sixth consecutive quarter of positive adjusted EBITDA, and we believe we are still in the early stages of realizing the full value of our IP.”
Trading Metrics, Technical Analysis
CuriosityStream has a market capitalization of $166.01 million, a 52-week high of $5.51 and a 52-week low of $2.30.
The Relative Strength Index (RSI) of CURI stands at 62.20.
The stock’s price has fallen by 31.87% over the past 12 months.
Currently, CURI is trading close to its annual low.
Price Action: The small-cap stock closed the regular session on Wednesday at $2.80, according to Benzinga Pro data.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell on Shutterstock.com
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