Earnings release
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CURIOSITYSTREAM ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS Exhibit 99.1 Increased 2021 revenue visibility to 100 % with $ 71 million committed • • Third quarter 2021 revenue of $ 18.7 million , up 114 % year - over - year • Grew direct subscribers 50 % year - over - year • Announced enhanced strategic partnership with and investment into Nebula , the world's largest creator - owned streaming and technology platform SILVER SPRING , Md . ( November 9 , 2021 ) - CuriosityStream Inc. ( NASDAQ : CURI ) , a global factual entertainment company , today announced its financial results for the third quarter ended September 30 , 2021 . " The triple - digit revenue growth we generated during the third quarter is a testament to the success of our unique , multifaceted content monetization strategy and the broad appeal of our award - winning factual content . With business momentum continuing into the fourth quarter , we are thrilled to announce that 100 % of our fiscal year 2021 revenue target of $ 71 million is now committed , ” said Clint Stinchcomb , President & CEO . “ As we accelerate the pace of new content additions to our platform this quarter to the highest level in our company's history , we are laying the groundwork for attractive long - term growth as we fulfill our mission to satisfy humanity's enduring curiosity about our world with premium factual content that informs , enchants and inspires . " Third Quarter 2021 Financial Results Revenue of $ 18.7 million , up from $ 8.7 million in the third quarter of 2020 ; • Total paying subscribers approximately 20 million , up 43 % year - over - year ; · • • Gross margin of 49 % compared to 61 % in the third quarter of 2020 ; Net income of $ 0.8 million compared to net loss of $ ( 6.7 ) million in the third quarter of 2020 ; and EBITDA of $ ( 7.9 ) million compared to EBITDA of $ ( 6.7 ) million in the third quarter of 2020 . Third Quarter 2021 Business Highlights • • Entered into an enhanced strategic partnership with and investment into Nebula , the world's largest creator - owned streaming and technology platform with 350,000 paying subscribers and 140+ active creators who have over 120 million combined YouTube subscribers ; Premiered RESCUED CHIMPANZEES OF THE CONGO WITH JANE GOODALL , SECRETS OF CIVILIZATION , and BECOMING MARTIAN , a new season of BUTTERFLY EFFECT , new episodes of FASTER and BREAKTHROUGH , and our acclaimed feature - doc HEVAL ; and Announced a multi - year distribution partnership with fuboTV , the leading sports - first live TV streaming platform .