CuriosityStream gains on higher Q2 revenue, subscribers

CuriosityStream

16/08/2022 13:24

** Shares of video streaming company CuriosityStream Inc
 CURI.O  rise 6.9% to $2.48 premarket
    ** CURI reports Q2 revenue of $22.3 mln, up from $15.3 mln a
year earlier
    ** Co says it had total paying subscribers in Q2 of about 25
mln, up over 25% from last year
    ** CURI expects Q3 revenue between $21 mln and $23 mln,
compared with estimate of $23.7 mln - Refinitiv
    ** Posts Q2 net loss per share of 30 cents, vs 19 cents loss
per share, a year earlier
    ** Brokerage Benchmark lowers Q3 revenue estimate, cuts PT
to $8 from $10, says there were several positives in the quarter
    ** Up to last close, stock had fallen ~61% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))