Streaming service CuriosityStream jumps on 3Q earnings. Is it too late to buy?

Shares of CuriosityStream, a streaming service specializing in documentaries and popular science films, jumped around 16% in premarket trading Thursday. The company posted quarterly results that beat analyst estimates, and the management raised its full-year guidance. Wall Street is unanimously bullish on the stock and sees around 130% upside.

CuriosityStream rose around 15% in early trading Thursday, reaching $2.74 apiece at the time of this writing. On Wednesday evening, the company reported that third-quarter revenue rose 13% year over year to $20.7 million. Net income came in at $4.8 million versus a net loss of $3.7 million in the same period of 2025. Revenue beat the consensus estimate, and adjusted earnings of $0.08 per share topped the $0.03 per share forecast, according to Zacks.

Licensing revenue came in at $11.7 million, CuriosityStream CFO Sean Piche reported on a call with analysts following the results. That was up 35% from the same period in 2025 and accounted for 57% of total revenue, MarketBeat reported.

CuriosityStream licenses content to AI developers to train their models. Licensing became a lifeline for the struggling company in 2025. By licensing its intellectual property to operators of large language models for AI training, CuriosityStream may have quietly set off a revolution in the video business, StreamTV Insider notes. The company licenses content from its own library as well as from partners.

CEO Clint Stinchcomb said CuriosityStream controls the rights to more than 3.4 million hours of content and is adding code and other operational data to its offerings. Piche, the CFO, said partners can receive half or more of the revenue from a deal.

Following the results, the management raised its full-year revenue guidance to $79-82 million from $77-82 million and its adjusted EBITDA guidance to $20-22 million from $18-22 million.

CuriosityStream shares are down around 38% year to date, but Wall Street remains bullish. All four analysts covering the stock have a “buy” rating. The average target price of $5.38 per share implies 127% upside from Wednesday’s close.