CuriosityStream Inc. (NASDAQ:CURI) shares soared 42.14% to $3.98 after the bell on Wednesday following a massive beat of 400% over the analyst estimate of $0.03, with second-quarter earnings of $0.15 per share.
The results announced are for the quarter ended June 30.
Revenue, Margins Jump
CuriosityStream posted revenue of $23.25 million, topping the $21.25 million estimate by 9.38%. This represents an increase from $19 million a year earlier.
The factual entertainment company reported record net income of $8.9 million, up from $0.8 million in the same quarter a year earlier.
