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CURIOSITYSTREAM ANNOUNCES FIRST QUARTER 2021 FINANCIAL RESULTS Exhibit 99.1 • Cash flow from financing activities during the first quarter of 2021 increased to $ 149 million , ending the quarter with $ 178 million in cash , cash equivalents , restricted cash and available - for - sale investments • First quarter 2021 revenue of $ 9.9 million , up 33 % year - over - year Increased 2021 revenue visibility from 80 % to 90 % • • Subscribers grew 28 % to approximately 16 million at the end of the first quarter 2021 , compared to approximately 12 million in the first quarter of 2020 Announces acquisition of One Day University , which provides access to over 500 virtual talks from top professors at 150+ US colleges and universities SILVER SPRING , Md . ( May 11 , 2021 ) - CuriosityStream Inc. ( NASDAQ : CURI ) , a global factual entertainment company , today announced its financial results for the first quarter ended March 31 , 2021 . “ The first quarter of 2021 kicks off a strong start to the year , ” said Clint Stinchcomb , President & CEO . “ We've never been in a better position at the beginning of the year , with $ 178 million in cash and investments , 80 % growth in direct subscribers and 90 % visibility into 2021 revenue . Today , we're expanding our factual content proposition and business opportunities with the acquisition of One Day University , an engaging , inspiring and entertaining service that provides consumers access to hundreds of talks and lectures from the best professors in the United States . ” First Quarter 2021 Financial Results • • • • Revenue of $ 9.9 million , up from $ 7.5 million in the first quarter of 2020 ; Total paying subscribers approximately 16 million , up 28 % year - over - year ; Gross margin of 58 % compared to 64 % in the first quarter of 2020 ; Net loss of $ ( 18.8 ) million compared to net loss of $ ( 11.8 ) million in the first quarter of 2020 ; EBITDA of $ ( 15.1 ) million compared to EBITDA of $ ( 12.0 ) million in the first quarter of 2020 . First Quarter 2021 Business Highlights • • Announced the acquisition of One Day University , which expands our factual content proposition and provides us with proprietary , highly differentiated and complementary SVOD programming for our Direct services ; Premiered ANCIENT YELLOWSTONE , NATURE THROUGH HER EYES , ANCIENT ENGINEERING , LEGENDS OF SPEED and BREAKTHROUGH : PERSEVERANCE ROVER COUNTDOWN TO IMPACT ; • Grew subscribers while maintaining low single - digit churn ; • Cash flow from financing activities increased to $ 149 million , including approximately $ 94 million from our follow - on equity offering and $ 55 million from the exercise of warrants .