CuriosityStream Q3 revenue beats analyst estimates on content licensing expansion
CURI•CuriosityStream’s Q3 revenue rose 13% year over year to $20.72 million, beating the $19.98 million analyst estimate. Adjusted EBITDA increased 67% to $5.0 million, and the company forecast 2026 revenue of $79 million to $82 million.
1. Quarterly results
Q3 revenue rose 13% year over year to $20.72 million, above the $19.98 million analyst estimate. Net income was $4.84 million, and adjusted EBITDA rose 67% year over year to $5.0 million. Revenue growth was driven by expansion in content licensing and distribution; operating expenses fell $5.8 million, or 25%, compared with Q3 2025. Gross margin declined due to higher revenue share expense on AI licensing revenue.
2. 2026 outlook and dividend
CuriosityStream expects 2026 revenue of $79 million to $82 million and adjusted EBITDA of $20 million to $22 million. The company declared a Q4 cash dividend of $0.085 per share and said demand for rights-controlled content and data is expanding across media and AI.
