
Knowledge-based documentary platform Curiosity Stream reported strong second-quarter results, posting a 53 percent year-over-year revenue increase to $19 million and swinging to profitability on the back of a growing AI licensing business and international distribution gains.
The global factual entertainment company recorded net profit of $800,000 for the three months ended June 30, marking a $2.8 million improvement from a net loss of $2 million during the same period a year ago. Gross profit reached a record $10.1 million with a gross margin of 53 percent, up slightly from 52 percent a year earlier.
The company reported $9.3 million in licensing revenue for the quarter and highlighted new and expanded multiyear wholesale distribution agreements in Asia and Latin America. Curiosity Stream also launched Curiosity University on Amazon Prime in the United Kingdom, Netherlands, Finland and Sweden during the period. The company further broadened its footprint through an expanded partnership with Samsung TV Plus, launching its free ad-supported streaming channel Curiosity Now in Spain.
Curiosity Stream CEO Clint Stinchcomb credited the performance to increased licensing revenue from both new and repeat partners, particularly in the AI space.
“Our AI licensing business continues to scale with increasing revenue from new partnerships as well as repeat customers among some of the key technology companies in the business,” Stinchcomb said in a statement.
Looking ahead, Curiosity Stream expects third-quarter revenue in the range of $15 million to $18 million. For the full year, the company reaffirmed its guidance for adjusted free cash flow between $11 million and $13 million.
Separately, Curiosity Stream said it was expanding its availability as an add-on through Amazon’s Prime Video Channels in two new regions: Australia and New Zealand. Jay Sodha, Curiosity’s Vice President of Business Development, called the move “a natural extension” of the company’s international growth plans.