CuriosityStream Inc. (CURI) stock plummeted 18.99% in the current-market trading session at the price of $2.96 after reporting its earnings report for the fourth quarter and year 2021.
CURI is an amusement brand for individuals who are curious to learn more. The multinational media firm is home to several award-gaining factual movies, series, and shows covering nature, science, technology, history, culture, and life.
CURI Q4 2021 Financial Summary
On 24th March 2022, CURI published its financial results for the quarter and year ended on 31st December 2021. Revenue totaled US$27.3M for Q4 of 2021, compared to US$11.4M in Q4 of 2020. The company has US$10M in gross profit during Q4 of 2021. Gross profit was US$6.7M in the same quarter of 2020. For Q4 of 2021, net loss totaled US$(11.4) M. Net loss was US$(25.8) M in Q4 of the prior year. CURI calculated EBITDA of US$(17.8) M for Q4 of 2021.
CURI Year 2021 Earnings Report
CURI calculated revenue of US$71.3M for the year 2021. It represents a growth from US$39.6M in the prior year. Gross profit totaled US$34.6M for 2021, compared to US$24.2M last year. For 2021, the company had US$(37.6) M in a net loss. EBITDA totaled US$(51.9) M for the year 2021 compared to US$(38.5) M for 2020.
Chief executive officer of CURI, Clint Stinchcomb, commented that they are delighted to report financial results that have surpassed their revenue target. Over the last year, they have doubled their content library, and the year 2022 content slate will hopefully be the largest.
Clint added that they have planned to align better value by introducing a renewed subscription program for their subscribers. As a visionary firm, CURI has focused on meeting humanity’s curiosity about this world. Looking ahead, they will achieve their target of supplying premium authentic content that advises, captivates, and motivates.