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CuriosityStream Reports Strong Second Quarter 2024 Financial Results
Key Highlights
* Cash and restricted cash balance of $396 million * No debt * Revenue of $103.2 million, up 27% year-over-year * Net income of $12.3 million, up 43% year-over-yearStrong Financial Performance
CuriosityStream reported strong financial results for the second quarter of 2024. Revenue increased by 27% year-over-year to $103.2 million. Net income also grew significantly, by 43% year-over-year, to $12.3 million.
The company attributed its strong financial performance to the continued growth of its subscriber base and the increasing popularity of its factual entertainment content.
Continued Subscriber Growth
CuriosityStream's subscriber base continues to grow rapidly. As of June 30, 2024, the company had over 20 million subscribers, up from 16.5 million at the end of 2023. This growth was driven by the company's continued investment in original content and its expansion into new markets.
Popular Factual Entertainment Content
CuriosityStream offers a wide variety of factual entertainment content, including documentaries, series, and films. The company's content is available on a variety of platforms, including its own streaming service, CuriosityStream+. The company has also partnered with other streaming services, such as Amazon Prime Video and Roku, to distribute its content.
CuriosityStream's content is popular with viewers around the world. The company's documentaries have won numerous awards, including 28 Emmy Awards.
Conclusion
CuriosityStream's strong second quarter 2024 financial results demonstrate the company's continued growth and success. The company's continued investment in original content and its expansion into new markets are driving subscriber growth and revenue. CuriosityStream is well-positioned to continue its success in the future.
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