Earnings Call Summary | CuriosityStream(CURI.US) Q1 2024 Earnings Conference
Earnings Call Summary | CuriosityStream(CURI.US) Q1 2024 Earnings Conference
The following is a summary of the CuriosityStream Inc. (CURI) Q1 2024 Earnings Call Transcript:
以下是CuriosityStream Inc.（CURI）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
CuriosityStream achieved a notable milestone in Q1 2024, generating over $1 million in adjusted free cash flow.
Topline revenue was equivalent to Q1 2023 and direct subscription revenue increased both sequentially and year-over-year.
The cost of revenue was cut in half from Q1 2023 and General & Administrative expense decreased by about 30%.
Revenue for Q1 2024 was $12 million, compared to $12.4 million in Q1 2023.
Direct revenue rose by 11% whilst Content Licensing revenue and Bundled Distribution revenue saw declines.
The company saw an improvement in gross margin from 27.3% in Q1 2023 to 43.8% in Q1 2024.
CuriosityStream ended Q1 2024 with $39 million in cash and zero debt.
CuriosityStream在2024年第一季度實現了一個顯著的里程碑，調整後的自由現金流超過100萬美元。
總收入相當於2023年第一季度，直接訂閱收入環比和同比均增長。
收入成本比2023年第一季度減少了一半，一般和管理費用下降了約30％。
2024 年第一季度的收入爲 1,200 萬美元，而 2023 年第一季度爲 1,240 萬美元。
直接收入增長了11％，而內容許可收入和捆綁分發收入則下降了。
該公司的毛利率從2023年第一季度的27.3％提高到2024年第一季度的43.8％。
截至2024年第一季度，CuriosityStream的現金爲3,900萬美元，債務爲零。
Business Progress:
業務進展：
CuriosityStream introduced subscription services with multinational global partners in 25 countries and added seven new content licensing partners.
Pricing structures were restructured for US subscribers.
Commercial relationships for ad-supported content were established with over 20 partners.
Three CuriosityStream Hispanic channels will be launched via Samsung in June.
The company released original series and specials across various genres and is planning to create additional factual category channels for distributor demand.
Quarterly adjusted free cash flow was positive for the first time in company history.
Brady Hayden was named as the new CFO effective May 31.
New thematic weeks were introduced and more channels are planned for 2024. A new CuriosityStream bundle is also being tested in the market.
The company has shown consistent growth in the past six quarters, with adjusted free cash flow improving and the initiation of a shareholder dividend.
CuriosityStream與25個國家的跨國全球合作伙伴一起推出了訂閱服務，並增加了七個新的內容許可合作伙伴。
對美國訂戶的定價結構進行了重組。
與20多個合作伙伴建立了廣告支持內容的商業關係。
三個 CuriosityStream 西班牙裔頻道將於6月通過三星推出。
該公司發行了各種類型的原創劇集和特別節目，並計劃爲分銷商需求創建更多的事實類別渠道。
季度調整後的自由現金流在公司歷史上首次爲正。
布雷迪·海登被任命爲新任首席財務官，自5月31日起生效。
引入了新的主題周，並計劃在2024年開設更多頻道。新的CuriosityStream捆綁包也正在市場上進行測試。
該公司在過去六個季度中表現出持續增長，調整後的自由現金流有所改善，並啓動了股東分紅。
More details: CuriosityStream IR
更多詳情： CuriosityStream IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。