Earnings Releases·Nov 12, 2026, 8:49 AM ET

CuriosityStream — Third Quarter 2026 Earnings Summary

Revenue rose 13% year-over-year to $20.7 million, while net income improved $8.6 million to $4.8 million, and Adjusted EBITDA surged 67% to $5.0 million, marking the seventh consecutive quarter of positive Adjusted EBITDA.
The company raised full-year 2026 guidance to $79–$82 million in revenue and $20–$22 million in Adjusted EBITDA, citing potential for meaningful earnings growth as revenue expands without a corresponding increase in fixed costs.
Strategic initiatives included acquiring the remaining 68% interest in the Spiegel Venture for $1.9 million, launching Curiosity Stream with Prime Video in Canada, and appointing Sean Piche as Chief Financial Officer.
Capital allocation included a declared Q4 cash dividend of $0.085 per share, $871,000 in common stock repurchases, and a maintained debt-free balance sheet with $10.0 million in cash and securities.
Gross margin declined to 48.8% from 58.7% due to higher revenue share expenses on AI licensing revenue, though the company continues to leverage its media corpora for AI model training datasets.