Key Points
- CuriosityStream reaffirmed its 2025 guidance, projecting $70 million to $72 million in full-year revenue and positive cash flow.
- The company expects Q4 revenue of $18 million to $20 million, up at least 27 percent year over year.
- CuriosityStream plans to continue paying shareholder dividends while expanding distribution and FAST channel reach.
Fact-based video platform CuriosityStream says its financial discipline and advantageous growth opportunities led to healthy revenue and profit lines in 2025.
In a preview of its upcoming fourth quarter (Q4) and full-year earnings report, CuriosityStream maintained its prior financial guidance for 2025, saying it expects to end Q4 with $18 million to $20 million in positive revenue, a boost of at least 27 percent compared to the same time period one year earlier.
That outlook implies full-year revenue of $70 million to $72 million, CuriosityStream said, with adjusted free cash flow expected between $2.5 million and $3.5 million.
CuriosityStream plans to pay dividends to shareholders throughout this year, CEO Clint Stinchcomb said in a note to investors.
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“We are reaffirming our fourth-quarter outlook, reflecting continued growth and disciplined execution across our business,” Stinchcomb said. “As we expand our global reach and strengthen distribution partnerships, we are confident that both top-line and bottom-line growth will continue into 2026. We also plan to pay 2026 dividends from cash generated by operations, as we did in 2024, underscoring the strength and sustainability of our strategy and cash flow.”
CuriosityStream sells access to hundreds of full-length documentaries and other fact-based programming in the United States and other countries, with its monthly price far below premium streaming apps like Netflix and Disney Plus.
The company also bundles its streaming service with other apps like Tastemade and Kidstream for around $10 per month or $70 per year.
In addition to its premium streaming service, CuriosityStream operates a handful of free, ad-supported streaming TV (FAST) channels that are available in the U.S., United Kingdom and other countries. Last year, CuriosityStream gained expanded distribution on leading FAST platforms in Tier 1 countries, including MyFree DIRECTV in the U.S.
The company’s knowledge-based programming made CuriosityStream an attractive partner for artificial intelligence developers looking to train their large language models (LLMs) on factual information.
Last year, Needham & Company analyst Laura Martin said CuriosityStream was an example of a media publisher that effectively capitalized on its proprietary, first-party data in the era of LLMs and AI — something others, like Netflix and Disney, should note.
“It is our opinion on Wall Street that everyone who controls first-party data should be generating a revenue stream from (licensing it to) large language models,” Martin said during the Future of Video conference in November. “If you don’t own first-party data, you will go out of business, because the guys who can generate a revenue stream from large language models will put you out of business.”
