Factual streaming service CuriosityStream has accumulated ‘around 20 million paying subscribers’ according to the company.
The documentary-focused streamer, which was founded in 2015 by Discovery Channel founder John Hendricks, stated the tally as it announced its financial results for the second quarter of 2021.
CuriosityStream reported revenues of US$15.3 million, while its net losses were at US$8.3 million. Its total revenues were up US$12 million year-over-year, while subscribers had risen by 40% during the same period.
The company said that it has projected revenue of at least US$71 million for the entirety of 2021, which would represent an 80% year-over-year increase.
Clint Stinchcomb, president and CEO of CuriosityStream said: “CuriosityStream delivered very strong results this quarter. We continue to be solidly on track with our plans for 2021. During the quarter, we grew direct subscribers 56% year-over-year while retaining a higher percentage of users who signed up in Q2 2020 than any other streaming service, based on data from ANTENNA.
“We continue to deliver unprecedented value to our subscribers and partners in the factual category, having recently announced a landmark partnership with SPIEGEL TV, the leading producer and distributor of high-quality factual content for German-speaking audiences. This partnership bolsters our global reach by adding millions of subscribers in Europe, accelerates our growth through the addition of hundreds of hours of German-dubbed programming to our SVOD service, and extends our brand through the introduction of the Curiosity Channel in German-speaking Europe.”