Curiosity Stream reports lower revenue, narrows loss
Curiosity Stream will lean harder on content licensing agreements as it seeks to grow revenue with a goal toward full profitability.
Curiosity Stream ($CURI) is a premium video streaming service that specializes in documentaries and fact-based television shows. The company is headquartered in Silver Springs, Maryland.
Curiosity Stream will lean harder on content licensing agreements as it seeks to grow revenue with a goal toward full profitability.
The streamer reduced expenses, raised prices and reached new distribution deals during the first three months of the year.
CuriosityStream said it ended September with 23 million paying subscribers, a decrease of 2 million compared to the previous quarter.
The investment will help Nebula expand its marketing, launch new features and offer additional business opportunities to creators.
Curiosity Stream now has 15 million paying subscribers, an increase of 2 million subscribers compared to six months ago.