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SILVER SPRING, Md. - CuriosityStream Inc. (NASDAQ:CURI) announced Wednesday that its Board of Directors has approved a new four-year employment agreement with President and Chief Executive Officer Clint Stinchcomb, extending his leadership through June 30, 2029. The company, currently valued at $253 million, has shown remarkable momentum with a 200% year-to-date return.
Under the terms of the agreement, Stinchcomb’s annual base salary will remain unchanged, while he will be eligible for annual performance-based cash bonuses with increasing target opportunities over the term. The CEO will receive 2.4 million performance-based restricted stock units with dividend equivalent rights, which will vest based on achievement of specific stock price thresholds and financial performance metrics. According to InvestingPro data, the company maintains a healthy current ratio of 1.87 and offers an attractive 7.31% dividend yield.
Subject to stockholder approval of an increase in the share reserve under the company’s equity plan, Stinchcomb may receive up to 1.6 million additional RSUs with vesting conditions tied to the company’s share price.
"Clint is a key force in media, and he is currently driving our company’s revenue and cash flow to new levels while also building exciting new revenue streams," said John Hendricks, Chairman of the Board, in the press release. Discover more insights about CURI’s potential with InvestingPro, which offers 10+ additional investment tips and comprehensive analysis in its Pro Research Report.
Stinchcomb has served as President and CEO of CuriosityStream since 2018 and previously held executive roles at Discovery Communications and other media companies.
CuriosityStream describes itself as a global factual entertainment media company offering subscription video on demand services in more than 175 countries, along with other platforms including Curiosity Channel, Curiosity University, and Curiosity Audio Network.
The information in this article is based on a company press release statement.
In other recent news, CuriosityStream Inc. reported its first positive net income in the first quarter of 2025, achieving earnings per share of $0.01, surpassing the forecasted loss of $0.02 per share. The company’s revenue also exceeded expectations, reaching $15.1 million compared to the anticipated $14.95 million. In addition to these financial achievements, CuriosityStream declared a special one-time cash dividend of $0.10 per share, set to be paid on June 27, 2025, to shareholders of record as of June 13, 2025. The company has also increased its regular annual dividend rate from $0.10 to $0.32 per share, reflecting its commitment to returning capital to shareholders.
Curiosity Inc., a subsidiary of CuriosityStream, has expanded its global reach by signing multiple international content licensing agreements with broadcasters and platforms across several continents. These agreements include partnerships with France TV, The WNET Group, and Canal+, among others. Furthermore, Curiosity has launched a Spanish-language free, ad-supported streaming TV channel on Samsung TV Plus in Spain, marking its fourth localized Spanish feed. The company is also actively licensing its content to technology companies for generative AI training purposes, creating a new revenue stream.
These developments underscore CuriosityStream’s strategic initiatives to enhance revenue growth and expand its content distribution. The company has emphasized its focus on content licensing as a key driver of its business, with plans to continue leveraging its extensive library for future growth.
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