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CuriosityStream tops 20M subscribers in Q2 as revenues rise

Non-fiction streaming service CuriosityStream released its second quarter results, reporting revenues of US$15.3 million — up from $12 million in the same period a year earlier — and a net ...
August 11, 2021

Non-fiction streaming service CuriosityStream released its second quarter results, reporting revenues of US$15.3 million — up from $12 million in the same period a year earlier — and a net loss of $8.3 million as paying subscribers rose to 20 million in the quarter.

The global factual entertainment company, which specializes in history, nature and science documentaries and series, said total paying subscribers reached approximately 20 million in Q2, up 40% year-over-year from 2020.

Revenue for the quarter was up 55% from Q1 of 2021 and 27% year-over-year, with the reported net loss in Q2 increasing from $4.3 million in the year-earlier period.

The streamer projected revenue of at least $71 million for the full year of 2021, representing year-over-year growth of 80%.

“CuriosityStream delivered very strong results this quarter. We continue to be solidly on track with our plans for 2021,” said Clint Stinchcomb, CuriosityStream’s president and CEO in a release. “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.”

Among the highlights of the company’s second quarter was the beginning of its partnership with German prodco Spiegel TV and distributor Autentic, expanding CuriosityStream’s reach in Europe with the establishment of a new branded channel. The streamer also added new content, such as the Emmy-nominated 8-part series Secrets of the Solar System, while growing subscribers and keeping churn to the low single digits.

“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,” said Stinchcomb. “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.”

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