Here's Why CuriosityStream Shares Gained 13.7% Last Month
Shares of CuriosityStream (NASDAQ: CURI) rose 13.7% in August 2021, according to data from S&P Global Market Intelligence. The documentary and instructional content provider posted solid second-quarter results and followed up with some key content news.
In the second quarter, CuriosityStream saw revenues rise 27% year over year to $15.3 million. Net losses rose from $4.3 million to $8.3 million, or $0.19 per diluted share. Your average analyst had been looking for a net loss of roughly $0.18 per share on top-line sales near $15.0 million, so this report was a mixed bag. Investors were quick to focus on the upside, sending share prices sharply higher the next day. The stock had taken a 19% haircut in July, setting itself up for a quick rebound.
CuriosityStream also posted a few content-related news items last month. Annual subscriptions to the service are now available at a discount from Walmart's bulk-shopping warehouse club, Sam's Club. The linear Curiosity Channel and its video-on-demand sister service rolled out to viewers of the live-streaming fuboTV service. The company also announced the Sept. 23 premiere of Heval, the first feature-length film under the CuriosityStream banner. Helmed by Emmy Award-winning director Adam Wood, this documentary about British actor Michael Enright and his involvement in Middle East politics might compete for headline-grabbing awards consideration itself.
Source Fool.com
