By Sam Boughedda
Investing.com -- Shares of American media company Curiositystream Inc. (NASDAQ:CURI) fell 13% in extended trading following its fourth-quarter earnings report.
The company announced a loss per share of 22 cents on revenue of $27.3 million. Analysts polled by Investing.com anticipated a loss of 30 cents a share on revenue of $27.03 million.
“We are thrilled to announce that we exceeded our revenue target for the second year in a row, exceeding $71 million in 2021 as our investments in content, people, and technology continued to bear fruit,” said Clint Stinchcomb, president & CEO. “Over the past year, we have more than doubled the size of our content library, and our 2022 content slate promises to be our biggest and best yet."
Looking ahead, the company expects first half 2022 revenue to be between $36 million and $40 million, representing 50% year-over-year growth at the midpoint.