Curiositystream (CURI) Investor presentation summary

Mission and content strategy

• Aims to satisfy global curiosity with premium factual content that informs and inspires.

• Library includes hundreds of thousands of hours of video and thousands of audio programs, with strengths in science, history, space, engineering, and nature.

• Originals and collections have received critical acclaim and major awards, including Emmy and BAFTA.

• Content is evergreen, cost-effective, and appeals across geographies and demographics.

• Expanding offerings with Curiosity University, now available as a Prime Video add-on, and other platforms.

Revenue model and financial performance

• Multifaceted revenue streams: direct subscriptions (68%), content licensing (20%), bundled distribution (10%), and other (2%).

• Last twelve months revenue as of June 30, 2024: $54.8 million.

• Seven consecutive quarters of increasing adjusted free cash flow, with Q2 2024 at $2.5 million.

• Dividend program initiated in 2024, with a $0.025/share dividend scheduled for October 2024.

• Share repurchase plan announced June 2024.

Market position and growth drivers

• Millions of subscribers worldwide, with 41% of revenue from outside the US and presence in over 175 countries.

• Leading specialized factual SVOD service with industry-leading retention.

• Growth opportunities in DTC pricing, global channel rollouts, content licensing, and advertising.

• Flexible model enables multiple monetization avenues and profitable growth.

• No debt and $40 million in cash and investments as of June 2024.