In today's video, I look at CuriosityStream's (CURI +1.65%) earnings. The stock price has dropped roughly 20% in one day, and it is currently down over 60% from its 52-week high. Below I share three bullish reasons why this drop could be an overreaction.
Three bullish signs for CuriosityStream
- CuriosityStream announced that it is acquiring One Day University, a company that provides access to educational talks and lectures through livestream series or video on demand. The acquisition strengthens CuriosityStream's goal of providing educational content to its customers.
- CuriosityStream announced that it now has approximately 16 million paying subscribers compared to 12 million a year ago and 15 million in the previous quarter.
- CuriosityStream has a strong balance sheet of approximately $96 million of short-term investments and cash and cash equivalents compared to no debt.
Click the video below for my full thoughts.
*Stock prices used were the midday prices of May 12, 2021. The video was published on May 12, 2021.
