By Christopher Kuo
CuriosityStream shares tumbled after the company swung to a loss and posted revenue that missed Wall Street estimates.
Shares of the global streaming service and media company fell 23% to $2.41 on Friday. That was up slightly from the new 52-week low of $2.30 set earlier in the session.
The company on Thursday posted a first-quarter loss of $1.3 million, or 2 cents a share, compared with $319,000, or 1 cent a share, a year earlier.
Revenue rose to $15.2 million from $15.1 million a year earlier, but missed the $16.8 million analysts expected.
"AI licensing revenue, which we have previously said would be lumpy, was indeed lumpy," Chief Executive Clint Stinchcomb said on the earnings call.
The company's combined costs for advertising and marketing and for general and administrative functions were up 27% year over year, driven by a noncash charge for stock-based compensation of $2.2 million.
CuriosityStream expects revenue for the first-half of $35 million to $41 million, and for the full year revenue of $75 million to $80 million. Analysts expect full-year revenue of $77.7 million.
"Q1's sequential revenue decline was anticipated and, we believe, temporary," Stinchcomb said.
The company also raised its quarterly dividend to 8.5 cents a share to 34 cents on an annual basis.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 15, 2026 11:28 ET (15:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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