Curiositystream (CURI) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 13% YoY to $20.7M; net income was $4.8M and Adjusted EBITDA increased 67% to $5.0M, its seventh consecutive positive quarter.

• 9M revenue increased 13% to $59.1M; operating income was $11.3M and net income was $12.4M, versus losses in 9M 2025.

• FY 2026 revenue guidance rose to $79M–$82M and Adjusted EBITDA guidance to $20M–$22M.

Financial highlights

• Q3 revenue was $20.7M versus $18.4M; licensing revenue rose 35% to $11.7M, while subscription revenue declined to $8.7M from $9.3M.

• Gross profit was $10.1M versus $10.8M; gross margin fell to 48.8% from 58.7%, reflecting higher AI licensing revenue-share costs.

• Operating expenses declined 25% YoY to $17.0M; operating income was $3.7M versus an operating loss of $4.5M.

• Net income was $4.8M versus a $3.7M loss; diluted EPS was $0.08 versus a loss of $0.06.

• Adjusted EBITDA was $5.0M versus $3.0M; 9M Adjusted EBITDA was $17.1M versus $7.1M.

Outlook and guidance

• FY 2026 revenue guidance increased to $79M–$82M from $77M–$82M; Adjusted EBITDA guidance rose to $20M–$22M from $18M–$22M.

• Advertising and marketing plus G&A expenses, excluding stock-based compensation and restructuring costs, are expected to be ~20% lower in H2 than H1.

• October workforce reduction is expected to generate $1.2M–$1.5M in annualized savings, with a ~$0.6M Q4 restructuring charge.

• Cash, investments, expected operating cash generation and available facility capacity are expected to fund operations, capex, dividends and working capital for at least 12 months from filing.