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CuriosityStream added 4 million subscribers in the second quarter to reach 20 million total
In its second-quarter 2021 earnings report Tuesday, CuriosityStream reported an additional 4 million paying subscribers, bringing its total to 20 million overall. Nearly all of those subscribers are from bundled distribution deals. The company says this marks a 40% year-over-year increase in subscribers. The company has over 3,000 original and licensed titles with paying subscribers in over 175 countries.

While CuriosityStream’s subscriber growth accelerates, the company’s revenue growth is much more moderate, up from $12 million in the year-ago quarter to $15.3 million. The company’s net loss also expanded to $8.3 million, compared to a net loss of $4.3 million in the same quarter of 2020.

Clint Stinchcomb, president and CEO of CuriosityStream said: “CuriosityStream delivered very strong results this quarter. We continue to be solidly on track with our plans for 2021. During the quarter, we grew direct subscribers 56% year-over-year while retaining a higher percentage of users who signed up in Q2 2020 than any other streaming service, based on data from ANTENNA.

CuriosityStream

“We continue to deliver unprecedented value to our subscribers and partners in the factual category, having recently announced a landmark partnership with Spiegel TV, the leading producer and distributor of high-quality factual content for German-speaking audiences,” said Stinchcomb. “This partnership bolsters our global reach by adding millions of subscribers in Europe, accelerates our growth through the addition of hundreds of hours of German-dubbed programming to our SVOD service, and extends our brand through the introduction of the Curiosity Channel in German-speaking Europe.”

Among the highlights of the company’s second quarter was the beginning of its partnership with German prodco Spiegel TV and distributor Autentic, expanding CuriosityStream’s reach in Europe with the establishment of a new branded channel. The streamer also added new content, such as the Emmy-nominated 8-part series Secrets of the Solar System, while growing subscribers and keeping churn to the low single digits.

During the CuriosityStream’s earnings call, Stinchcomb said that his company has more MSO bundled subscribers outside the U.S. and more direct-to-consumer subscribers in the U.S.

According to its year-end investor report, revenue for all of 2020 reached $39.6 million, up from $18.0 million in 2019. The company expects to generate a revenue of at least $71.0 million during 2021, or 80% year-over-year growth.

CuriosityStream currently offers two tiers: a Standard tier for $2.99 per month ($20 per year) that offers HD streaming or Premium for $9.99 per month ($70 per year) that offers 4K streaming of 80+ shows. A small number of their episodes are available ad-supported for free. CuriosityStream is compatible with Amazon Fire TV, Apple TV, Roku, Android TV, Android Phone/Tablet, iPhone/iPad, Web Browsers, Google Chromecast, and Xbox.

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