![]() Thus, CuriosityStream has room for price hikes, as it eventually establishes a broad audience. This translates to just under $2 per month and is significantly lower than Netflix and Amazon Prime Video ( AMZN), which both start at $9. The company is still in the early stages of monetizing its platform by offering subscriptions that start from just $19.99. However, compared to other household names such as Roku ( ROKU), Hulu, and YouTube Premium ( GOOG) ( GOOGL) with 30-50 million subscribers, CURI's user numbers are impressive. At first sight, CURI's 15 million subscriber base is dwarfed by major streaming services such as Netflix ( NFLX) and Prime Video that boast around 200 million paid subscribers each. As mentioned before, in 2020 alone, it gained another 5 million paying subscribers. Massive Long-Term PotentialĬuriosityStream's growth trajectory is truly astonishing: Being founded in 2015, the company first reached the 1 million paid-subscriber milestone in 2018, reaching 10 million subscribers just one year later in 2019. The streaming platform is set to continue its growth momentum throughout 2021, guiding for at least $71 million in revenue, representing ultra-growth of around 80%. I couldn't be prouder of what we accomplished in 2020, and I look forward to 2021. We enter 2021 with a strong balance sheet, one of the largest libraries of factual content in the world and a world-class team of experienced media executives executing strongly against our plans. More recently, we raised approximately $100 million in a follow-on offering completed in February of this year. We had a strong 2020, ending the year with more than double our 2019 revenue with approximately 15 million subscribers. The company also maintained margins of around 60%, which demonstrates high future profitability potential. For the full fiscal year, the company reported revenue of nearly $40 million, up by a staggering 120% year over year. Total paying subscribers increased by 50% to 15 million, up from 10 million in the fourth quarter of 2019. For the fourth quarter of 2020, it announced $11.4 million in revenue, up by 70% year over year. Ultra Growth in all MetricsĪs a public company, CuriosityStream reported its first quarterly report. Although its stock will likely face high volatility in the future, long-term investors could be rewarded mightily considering the massive growth potential ahead. However, the stock price took a steep dive since, falling nearly 50% from its previous highs. That said, shares sharply surged following its IPO and hit an all-time high of nearly $30 in the following months. Other recent IPOs listed through SPAC mergers include Virgin Galactic, DraftKings, and Nikola. Although the company has explored going public through a traditional IPO, the reverse merger allowed it to pay down debt and save costs, as it's still in start-up mode. The company raised about $180 million to support its growth initiatives, investing in content production and marketing. ![]() The streaming platform offers thousands of documentaries on history, space, nature, and original shows, with new titles being added every week.īeing founded just 6 years ago, the company went public in October 2020 at $11 a share, after a successful merger with special purpose acquisition company Software Acquisition Group. ![]() streaming service features a wide range of nonfiction documentaries and shows in its digital library, boasting over 15 million subscribers on its platform. Photo by simpson33/iStock via Getty Images OverviewĬuriosityStream ( NASDAQ: CURI) is well-positioned to cut into the global streaming industry and could have significantly more upside in the long run.
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