CuriosityStream 2025 Q3 Earnings Revenue Beats Estimates as Net Loss Widens 22.3%

CuriosityStream reported third-quarter revenue of $18.36 million, exceeding Wall Street’s $16.35 million estimate, but maintained a $-0.06 EPS loss, unchanged from the prior year. The company raised full-year revenue guidance, projecting $18–$20 million for Q4.

Revenue

Driven by 46% year-over-year growth, CuriosityStream’s total revenue reached $18.36 million in Q3 2025. The Direct Business segment contributed $8.34 million, while Content Licensing generated $8.69 million, reflecting robust demand for AI training data. Bundled Distribution added $978,000, and Other revenue segments totaled $352,000.

Earnings/Net Income

Despite stable EPS of $-0.06, the company’s net loss expanded to $3.74 million, a 22.3% increase from $3.06 million in 2024 Q3. While the loss marked a record high for the quarter, CEO Clint Stinchcomb highlighted a positive Adjusted EBITDA of $3 million and 88% growth in adjusted free cash flow as key operational milestones.

Post-Earnings Price Action Review

Shares of CuriosityStream surged 26% to $4.77 post-earnings, driven by the revenue beat and dividend announcement. However, the stock edged down 1.89% month-to-date amid mixed sentiment on the widening net loss. Analysts noted the 23.28% weekly gain as a bullish sign, though the EPS miss by $0.03 tempered enthusiasm.

CEO Commentary

CEO Clint Stinchcomb emphasized disciplined execution and strategic expansion into AI licensing, which drove 400% growth in licensing revenue. He highlighted partnerships in AI training data, retail/wholesale subscriptions, and new payment options as growth drivers, reinforcing the company’s position at the “intersection of knowledge, media, and AI.”

Guidance

CuriosityStream projected Q4 2025 revenue of $18–$20 million (27–42% YoY growth) and adjusted free cash flow of $2.5–$3.5 million. The company reiterated its debt-free status and a $0.08 per share dividend for Q4, aligning with its long-term growth strategy.

Additional News

CuriosityStream declared a $0.08 quarterly dividend, maintaining its 8.51% forward yield. Insider sales, including 9,291 shares by director Jonathan Huberman and 5,553 by COO Theresa Cudahy, totaled ~$29.4 million in the past 90 days. Analysts from Barrington Research and Needham raised price targets to $6.00, citing AI licensing potential and strong cash flow growth.