In This Article:
Company Signals Revenue Growth from Content Licensing for AI Training
SILVER SPRING, Md., January 31, 2025--(BUSINESS WIRE)--CuriosityStream Inc. (Nasdaq: CURI), a leading global factual entertainment company, today announced that on January 30th, 2025, its Board of Directors increased the previously announced dividend to be paid on March 28, 2025, from $0.025 per share of issued and outstanding Common Stock to $0.03 per share. This reflects a 20% increase over the previous quarter’s dividend. The dividend is payable in cash on March 28, 2025, to shareholders of record as of the close of business on March 14, 2025.
"This dividend increase reflects the confidence we have in our team, our strategy, and our financial performance. In addition to continued growth in our direct subscription businesses, our future will be further powered by significant data licensing revenue for AI model training and tuning," said Clint Stinchcomb, President and CEO of CuriosityStream. "We’re working with leading technology companies to deliver hundreds of thousands of hours of video and audio to meet the exceptional demand for premium assets required for training next-gen AI models."
Cautionary Statements Regarding Forward-Looking Information
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream’s expectations or predictions of future financial or business performance or conditions, plans to pay regular dividends, consumers’ valuation of factual content, and the Company’s continued success. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed under "Risk Factors" in CuriosityStream’s Annual Report on Form 10-K for the year ended December 31, 2023, that the Company filed with the Securities and Exchange Commission (the "SEC") on March 25, 2024, and in CuriosityStream’s other SEC filings. These risk factors are important to consider in determining future results and should be reviewed in their entirety. Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that CuriosityStream has filed or will file from time to time with the SEC.