CuriosityStream surpasses 15M subs

Revenue of $11.4 million, up from $6.7 million in the fourth quarter of 2019;

Total paying subscribers of approximately 15 million, up 50% year-over-year;

Gross margin of 59% compared to 64% in the fourth quarter of 2019;

Net loss was $(15.7) million compared to net loss of $(14.6) million in the fourth quarter of 2019; and

EBITDA was $(15.5) million compared to EBITDA of $(14.8) million in the fourth quarter of 2019.

Revenue for the full year 2020 of $39.6 million, up from $18.0 million in 2019;

Gross margin for the full year 2020 at 61%, consistent with gross margin of 62% for the full year 2019;

Net loss for the full year 2020 was $(38.6) million compared to net loss of $(42.5) million for the full year 2019;

EBITDA for the full year 2020 was $(38.6) million compared to EBITDA of $(44.1) million for the full year of 2019; and

Ending cash, cash equivalents, restricted cash and investments totaled $42.4 million as of December 31, 2020.

Revenue of at least $71.0 million, or 80% year-over-year growth.