CuriosityStream (CURI) Stock Forecast & Price Target

CuriosityStream Inc. demonstrates a positive outlook, evidenced by sequential growth in subscription revenues and an increasing presence on channel stores, which support its subscriber base. The company's licensing revenues, particularly in the realm of AI training, are projected to continue expanding, contributing to an estimated revenue of $80.7 million for FY26, marking a 13% year-over-year increase. Furthermore, the firm expects to achieve adjusted EBITDA of $10.1 million for FY26, reflecting a robust growth of 24% year-over-year, thus indicating a promising trajectory for financial health.

CuriosityStream faces significant risks that could negatively impact its financial outlook, including economic weakness, a limited total addressable market (TAM) for factual entertainment, and intense competition from larger streaming platforms. The company's subscription revenues have declined year-over-year, and the nature of these revenues being non-recurring indicates that revenue growth may become increasingly volatile. Additionally, changes in subscriber relationships, where Direct Owned subscribers may transition to Partner subscriptions, pose a further threat to revenue stability, complicating the company's long-term financial health.