Curiositystream Inc Up 52.36% To $0.89 After Earnings Beat

Curiositystream Inc (CURI) reported better than expected earnings this afternoon for Q4 2023.

Analyst expectations for Curiositystream Inc earnings per share (EPS) were at a loss of $0.15 per share, with the company surpassing those estimates with a reported EPS loss of $0.09 per share, leading to a positive surprise of $0.06 per share (40%). Curiositystream Inc's earnings rose 68% year-over-year as the firm reported an EPS loss of $0.28 per share in its year-ago quarter. The positive annual growth shows the Communication Services company is performing well amid recent economic conditions.

Revenues were downbeat at $14.8 million. That is an increase of 1.90% in revenues from the year-ago report and is 6.49% lower than consensus estimates set at $15.8 million.

The stock is up 52.36% to $0.89 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 41. Meanwhile, the average Wall Street analyst rated the stock a Buy.

CuriosityStream Inc is a media and entertainment company. It offers premium video programming across the principal categories of factual entertainment, including science, history, society, nature, lifestyle and technology. The company's mission is to provide premium factual entertainment that informs, enchants and inspires. It is seeking to meet demand for high-quality factual entertainment through SVoD platforms, as well as via bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships and content sales.