Good afternoon, good evening. My name is Devin, and I will be your conference operator for today. At this time, I would like to welcome everyone to the CuriosityStream Third Quarter 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, please press star and then the number one on your telephone keypad. If you would like to withdraw your question, again, press star and then the number one on your telephone keypad. Investor Relations, Denise Garcia, you may begin your conference. Thank you, Devin. Welcome to CuriosityStream's discussion of the third quarter 2022 financial results. Leading the discussion today are Clint Stinchcomb, CuriosityStream's Chief Executive Officer, and Peter Westley, CuriosityStream's Chief Financial Officer. Following management's prepared remarks, we will be happy to take your questions, but first, I'll review the safe harbor statement. During this call, we may make statements related to our business that are forward-looking statements under the Federal Securities laws. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties, and assumptions. Our actual results could differ materially from expectations reflected in any forward-looking statements. Please be aware that any forward-looking statements reflect management's current views only, and the company undertakes no obligation to revise or update these statements, nor to make additional forward-looking statements in the future. For a discussion of the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our investor relations website, as well as the risks and other important factors discussed in today's press release. Additional information will also be set forth in our quarterly report on Form 10-Q for the quarter ended September 30, 2022, when filed. In addition, reference will be made to non-GAAP financial measures. A reconciliation of these non-GAAP measures to comparable GAAP measures can be found on our website at investors.curiositystream.com. Now I'll turn the call over to Clint. Thank you, Denise. I would like to thank everyone for joining our third quarter earnings call. I know we are not the only company reporting tonight. Also joining us today is our COO and General Counsel, Tia Cudahy, our CFO, Peter Westley, and our Heads of Content, Strategy, and Distribution, Rob Burk, Devin Emery, and Bakori Davis. We delivered another strong quarter in Q3, with revenue and EBITDA exceeding the high end of our guidance ranges. We're making great progress toward becoming an enduring, sustainably profitable company. Our CFO, my good friend and colleague, Peter Westley, is already making a significant impact in his first six months on the job, as evidenced by this quarter's especially strong bottom-line performance. As Peter will discuss in his remarks, we beat EBITDA by nearly $6 million relative to our guidance midpoint due to greater operating efficiencies, lower marketing costs, and better gross margins relative to plan. We are leaving no stone unturned as we continue to operate in a manner that drives quality, accountability, and cost efficiencies across the company. Before digging further into the quarter's results, I would like to touch on a few key highlights which demonstrate the value of our evergreen factual content and the benefits of our multifaceted revenue stack. We deliberately positioned CuriosityStream to meet consumers virtually wherever they go across the globe in order to monetize our content and IP in ways that maximize audience and profitability. During the quarter, we signed licensing agreements with a number of media companies, both at home and abroad. We also brought on new blue-chip advertising partners in the automotive, technology, and financial services industries. Within our streaming subscriber base, we are particularly encouraged by the continued uptake of our Smart Bundle, demonstrating that many subscribers are willing to pay significantly more for the service. Our subscriber retention remained best in class, with low single-digit monthly subscriber churn. With more than 85% of our DTC subscribers on annual plans, we have the opportunity to leverage a broad range of data to deliver customized service to our subscribers before they even have to consider whether to renew. In spite of significantly lower marketing spend last quarter, we continued to grow direct subscribers, both on a year-over-year and sequential basis. Turning to our third-party distribution business, we continued to sign up new partners in Q3, including the largest MVPD in the Netherlands. Bundled distribution generates multiyear recurring revenues and is an excellent source of opportunity for our direct and content licensing categories. With partnerships across the globe, it also provides us with significant geographical diversification. Bundled distribution remains a key pillar of our strategy and a source of competitive advantage. As I mentioned in my opening remarks, we significantly exceeded our Q3 EBITDA guidance. We told you last quarter we would continue to take a hard look at all of our spending, from marketing to content to G&A, in order to reduce our cost base and improve our overall economics. These efforts drove a greater than $7 million reduction in non-core operating expenses between the second and third quarters. Consistent with this approach, we elected not to renew one existing bundled agreement in light of the overall value exchange. As a result, while we grew our direct subscriber tiers, our total subscriber count decreased to about 23 million. We have considerable optionality and as such, are focused on partnerships and objectives that drive long-term profitability and success. While we expect some lumpiness on a quarterly basis, we're really pleased with the progress we made in rationalizing our cost base into Q3, and we remain laser-focused on operating efficiency moving forward. At the same time, we delivered an exceptional experience for viewers during the quarter, releasing one of the most ambitious slates of original programming in CuriosityStream's history. We kicked off in July with Cracking the Code, an eight-part original series about the high-stakes race to unravel some of the most complicated and consequential mysteries in history, from the cipher-breaking heroine who took on the mob to the code-breaking brilliance that changed the course of World War II, to the hunt for the Zodiac Killer and the massive effort to decode the human genome. Our ongoing collaboration with the world's top documentary filmmakers also allowed us to uniquely explore the natural world with Planet Insect, a landmark three-part original series that employed proprietary custom-built cameras to reveal new insights about the insect world, and the six-part series The Tracker's Diary: Bears of Katmai. That series joins renowned wildlife naturalist Casey Anderson on his daring quest to study one of the world's densest populations of grizzlies in the remote Alaskan wilderness. Building on the success of our original series Titans: The Rise of Wall Street, we also premiered our new six-part series Titans: The Rise of Hollywood, a really inspiring look at the rough-and-tumble characters, entrepreneurs, and rivalries that built the entertainment industry, from William Fox to Universal's Carl Laemmle and Warner Bros. to Paramount's Adolph Zukor, MGM's Louis B. Mayer, and United Artists' Mary Pickford and Charlie Chaplin. Other original premieres during the quarter included our three-part ancient history series Celts: The Untold Story, our five-part espionage thriller Traitor/Patriot, and the 10-part second season of our highly successful history strand Ancient Engineering. We also continued to generate and distribute compelling new audio content during the quarter as we ramped our partnership with iHeartMedia, the number one podcast publisher globally with more than 2.5x as many monthly downloads as their closest competitor. Our One Day University podcasts are now available on the surface, and we recently debuted The Happiness Formula, a 12-part series with Barry Schwartz, the eminent psychologist, leadership guru, and best-selling author. We plan to bring even more great Curiosity content to iHeartMedia in the coming months, including a companion podcast for our original feature doc Red Elvis that further probes the life and mysterious death of the legendary Cold War cowboy, Dean Reed, and our powerful upcoming video series CSI on Trial that uncovers the surprising lack of science behind forensic investigations and the tragic true life stories of those who've been wrongfully convicted by them. These audio initiatives are further and instructive examples of the range of monetization opportunities leverageable with quality factual IP. Looking ahead, with our critical mass factual content library, tens of millions of global subscribers, our sizable cash position, and improving financial trajectory, we really like our hand. While the competitive battles rage on between the scripted content streamers, Curiosity stands alone as the reliable destination for brand-safe, on-demand premium factual curated content in the categories of history, science, nature, technology, human adventure, space, medicine, and exploration. This is an excellent place to be, and we look forward to continuing to fulfill our mission to provide the world with quality entertainment that informs, enchants, and inspires. Before turning the call over to Peter for a more detailed discussion of our financials, I would like to thank our dedicated employees, partners, and shareholders for their continued support. I'd also like to personally thank Devin Emery for his contributions and collegiality over the last three years. Devin joined us as a marketing executive and responded with aplomb to the increasingly complex objectives we challenged him to meet. While Devin will be moving on, I'm delighted that he will continue to work with us in an advisory capacity. Thank you very much, Devin. Peter. Thanks, Clint. As Clint mentioned, we were very pleased with our third quarter performance, with both revenue and EBITDA above the high end of our guidance ranges, driven by a number of factors. Q3 revenue was $23.6 million, up 26% year-over-year. Before I get into breaking that total down into our revenue categories, I do want to note that we have renamed two of those categories. First, what we previously called program sales we're now categorizing as content licensing, which we think is a more accurate reflection of that business activity, since many of these transactions involve the licensing of certain rights to our content rather than the outright sales of our programs. Secondly, we are renaming corporate and associations to simply enterprise to be more consistent with industry practice. Returning to our revenues, content licensing was our most significant category this quarter, generating $10.8 million of revenue, an increase of 60% year-over-year. It's notable that this quarter saw both what we refer to as pre-sales and content library licensing transactions. Those library licensing deals tend to have particularly attractive margin characteristics. Our second-largest category this quarter was our direct business, which includes our direct-to-consumer and partner direct categories. Direct revenue came in at a combined $8.6 million, an increase of 16% compared with Q3 2021. It's worth pointing out that the significant majority of our subscribers in these combined categories are direct customers of ours, which is not the case for many other streaming services. Our next largest category this quarter was bundled distribution, which saw $2.6 million of revenue in the quarter. This category was down 27% year-over-year in Q3 as a result of our non-renewal of a single distribution partnership. While that partnership accounted for a meaningful amount of revenue, the overall economics for renewing the partnership were not compelling. As Clint mentioned earlier, and I mentioned last quarter, we're extremely focused on improving the overall economics and bottom line performance of CuriosityStream at this time and in the coming quarters. As such, we'll only enter into commercial relationships that meet our long-term revenue and subscriber expectations. Our next largest category was enterprise, which saw $1.4 million of revenue in the quarter compared to less than $50,000 of revenue in the prior year quarter. Finally, we had approximately $200,000 of other revenue in the quarter, which was down from approximately $900,000 in the prior year's third quarter. Third quarter gross margin was 42.4%, up slightly from the second quarter. One of the big stories of the quarter was clearly our reduction in marketing expense, which was 40% lower year-over-year and a major driver of our substantial EBITDA outperformance. We're also seeing meaningful progress in our efforts to reduce our G&A expense, which declined nearly $2 million sequentially. We believe that we have the opportunity to further reduce these G&A expenses in the coming quarters. EBITDA for the quarter was a loss of $4.2 million, substantially better than our guidance range as a result of the factors I just described. This was the best EBITDA performance since the company went public in 2020. I would also point out that this figure includes approximately $1.7 million of stock-based compensation. Going forward, we plan on discussing an adjusted EBITDA figure during our quarterly reports, as do many of our peers in the media and technology sectors. We also reduced our third quarter cash content spend by more than $4 million on a sequential basis and by greater than 65% compared to the prior year quarter. This was enabled by the aggressive investments in content that we've made over the past couple of years. At the end of the third quarter, cash, restricted cash, and available for sale investments totaled $64.3 million. Part of my philosophy when it comes to guidance is that it's only truly useful to provide in cases where there's a meaningfully tight range of expected results to share with investors. As we head into the end of the year this year, though, we're seeing a wide range of potential outcomes for the quarter, and we do not anticipate the kind of Q4 sequential revenue growth that we've experienced in the past. As you know, parts of our business tend to involve lumpy large transactions, particularly in the fourth quarter, that are inherently somewhat unpredictable. This year, that unpredictability is particularly notable. Also, as a reminder, last year, we generated over $10 million in fourth quarter content licensing revenue. In addition, last year's fourth quarter revenue included $2.6 million from the distribution agreement that we elected not to renew this quarter. Finally, we are pleased to reaffirm our expectation that we will end the year with at least $50 million of cash, restricted cash, and available for sale investments. With that, operator, let's open the call to questions. At this time, I would like to remind everyone in case to ask a question, press star and then the number one on your telephone keypad. Our first question comes from Tom Forte with D.A. Davidson. Great. Clint, Peter, congrats on the quarter and the progress you're making towards free cash flow generation. I wanted to ask you, Clint, how you thought the 100 days of CuriosityStream promotion is going. I think it's still ongoing. I think you launched it toward the end of September. If it's driving the success you hope for in highlighting the differentiated content of the other platform, and then I have a follow-up. Thank you for asking, Tom. We've been particularly excited about and encouraged by the 100 days promotion. I think it's emblematic of the range of quality content on CuriosityStream. I think it underscores the evergreen nature of factual content broadly. You know, I think what we found is in emphasizing you know, this whole 100 days approach, it's had positive impact on engagement, it's had a positive impact on duration of viewing, and it's something that's easy for people to understand, and it's a great way for us to reposition our content and re-highlight what is so great about CuriosityStream. Thank you for asking. It's been great, and I think you can expect that we will do things like this on a continuous basis going forward. Great. Then when I think about the OTT industry in general, I feel like there's kind of two big things that are going on. One is the advancements of ad-supported services, Netflix rolling out a $6.99 a month ad-supported effort, and two, live sports moving to OTT. The thought there is that the live sports moving to OTT may accelerate cord cutting. Love to get your thoughts, Clint, on both. To the extent that you're seeing the industry move toward advertising and then maybe your own FAST channel ad efforts there, and then, if you stand to benefit or if you're indifferent on perhaps acceleration of cord-cutting with live sports moving to OTT. Well, I think in light of both of those dynamics, Tom, it's, you know, really important to have a pure brand like we have. We're the leader in the factual space. We have an extraordinary large collection of factual content across all of the key categories: science, technology, history, natural history, society, and lifestyle, which I think is really important with all of the different programming options available to people. As it relates to FAST, we do have a FAST channel. We continue to roll that out. For us, that's one component of our overall audience-building strategy. It's one component of our advertising and sponsorship strategy. But what I will say about FAST is that it offers, for a company like ours, more than just a monetization benefit. Yes, there's a monetization benefit, but in our case, we can also use our FAST channels to promote to our direct subscription tiers. It's an increasingly helpful chip in broader, third-party distribution conversations. I think that FAST in and of itself, you know, will continue to grow. People will continue to consume that. I think that the biggest winners there will be the platforms, and companies who have just lots and lots of FAST services. But I do think that for companies like ours, it's one kind of key component. As it relates to, you know, accelerating cord-cutting, you know, I think yes, I think it does when you look at the overall consumption there. I think if you look at the you know the long-term trend it's probably you know not unlikely that some of those FAST platforms will develop subscription services at some point in the future. We're in both places right now. We wanna meet consumers where they are. Obviously there are you know much greater barriers to entry to building a subscription service and I think that's gonna be really hard for any new entrants going forward. We like our hand where we are and obviously you know we recognize the importance to meet consumers where they are. You know that's been our approach from early on. We wanna be a pure factual brand and monetize content across different categories. FAST and advertising, content licensing, courses, subscription tiers, and, you know, even perhaps a few other initiatives going forward. Thank you for that question. Thanks, Clint. Our next question comes from Peter Henderson with Bank of America. Yes. Hi, listen. Thanks for taking the question. I guess I'm just curious on this partnership deal that ended. When did it end, I guess is the first question. Then what sort of efforts are you guys making to attract those partnership subs that you may have lost as direct-to-consumer subs? What type of success have you had in recapturing some of those subs potentially as direct-to-consumer subs? Great question, Peter. What I'll say is it ended in the third quarter, and we've attracted thousands of customers as direct subs as a result of that. For that particular deal, not to get into who it was with, but the marketing was heavily focused on a strategically important but concentrated DMA for us, which exposed CuriosityStream to some key constituencies really important to other parts of our business. Again, you know, as a result of that, we have added thousands of subscribers to our direct service and anticipate adding more. Thank you. Good question. One thing I would add is that ended roughly midway through the third quarter. Thank you. Just as a reminder, if you would like to ask a question, please press star and then the number one on your telephone keypad. Our next question comes from Darren Aftahi with Roth Capital Partners. Hi. Thanks for taking my question. This is Austin on for Darren. Step one, I'm curious if you can discuss, you know, how you're thinking about trimming marketing expense to that degree while still balancing top-line growth and subscriber traction. And then also how we, you know, should think about that moving forward. I know you touched on that with G&A. I'm not sure if you mentioned marketing as well. I'll take the top part, and then I'll hand it over to Peter. Yeah. Thank you for the question. As it relates to marketing, one of the things we're really excited about is as we go into 2023. In 2023, we won't have the same marketing obligations that we've had in previous years, namely, you know, partner marketing obligations. Our marketing will move to virtually 100% performance-based marketing. Based on what we've learned up to this point and, you know, as we look out over what's possible, we're really excited about that transition. I'll leave it at that and then, you know, hand it over to Peter to talk about marketing and perhaps even, you know, more broadly cash flow this quarter. Yeah. I'd make a couple of points in terms of the marketing. As Clint touched on, you know, even at this level, we were able to, you know, outside of this one distribution agreement that we did not renew, outside of that, we were able to grow the subscriber base on a substantially lower marketing spend. You know, we do believe that next year, as we move into, you know, as we get through some significant, significantly large contractual commitments that we have on the marketing side, we will be 100% performance-based marketing spend. We think we'll get even better bang for our buck than we have been getting with some of the marketing spend this year. One other point I would make, you'll see in the 10-Q ultimately that, you know, we do expect marketing spend to tick up a little in Q4. We do have a commitment, a contractual commitment of $6 million in Q4 and expect the marketing spend will be a little bit north of that. We do, you know, think as we go forward that we do have the ability, even at, you know, a relatively low level compared to what we spent historically to, as we move into an era where it's all performance-based marketing spend, to, you know, continue to build the business on a lower overall market spend next year. Great. Thank you.