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CURIOSITYSTREAM ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS • Second quarter 2021 revenue of $ 15.3 million , up 27 % year - over - year and 55 % compared to Q1 2021 • Paying subscribers across all platforms and distributors grew to approximately 20 million at the end of the second quarter 2021 Exhibit 99.1 • Partnership with SPIEGEL TV accelerates international expansion , establishes Curiosity Channel in German - speaking Europe SILVER SPRING , Md . ( August 10 , 2021 ) - CuriosityStream Inc. ( NASDAQ : CURI ) , a global factual entertainment company , today announced its financial results for the second quarter ended June 30 , 2021 . " CuriosityStream delivered very strong results this quarter . We continue to be solidly on track with our plans for 2021 " said Clint Stinchcomb , President & CEO . " During the quarter , we grew direct subscribers 56 % year - over - year while retaining a higher percentage of users who signed up in Q2 2020 than any other streaming service , based on data from ANTENNA . We continue to deliver unprecedented value to our subscribers and partners in the factual category , having recently announced a landmark partnership with SPIEGEL TV , the leading producer and distributor of high - quality factual content for German - speaking audiences . This partnership bolsters our global reach by adding millions of subscribers in Europe , accelerates our growth through the addition of hundreds of hours of German - dubbed programming to our SVOD service , and extends our brand through the introduction of the Curiosity Channel in German - speaking Europe . " Second Quarter 2021 Financial Results • Revenue of $ 15.3 million , up from $ 12.0 million in the second quarter of 2020 ; • • • Total paying subscribers approximately 20 million , up 40 % year - over - year ; Gross margin of 63 % compared to 61 % in the second quarter of 2020 ; Net loss of $ ( 8.3 ) million compared to net loss of $ ( 4.3 ) million in the second quarter of 2020 ; • EBITDA of $ ( 10.9 ) million compared to EBITDA of $ ( 4.3 ) million in the second quarter of 2020 . Second Quarter 2021 Business Highlights • Entered into a strategic distribution partnership with SPIEGEL TV and Autentic which accelerates our international expansion , establishes a Curiosity - branded channel with millions of subscribers in German - speaking Europe , adds hundreds of hours of German - dubbed programming to CuriosityStream's direct - to - consumer service ; • Premiered DOUG TO THE RESCUE and FASTER : HUMANITY'S QUEST TO SAVE TIME , a new season of 4TH AND FOREVER , new episodes of ANCIENT ENGINEERING and ENGINEERING THE FUTURE , 8 - part series SECRETS OF THE SOLAR SYSTEM ( nominated for an Emmy award in the category of Outstanding Science and Technology Documentary for the Mars episode of our epic ) ; . Grew subscribers while maintaining low single - digit churn .