Piche joi s Cu iositySt eam at a pivotal stage i the compa y’s g owth, followi g eco d seco d-qua te fi a cial esults a d i c eased full-yea guida ce fo both eve ue a d adjusted EBITDA. I the seco d qua te , Cu iositySt eam epo ted eve ue of $23.2 millio , up 22% yea ove yea ; eco d et i come of $8.9 millio ; a d eco d adjusted EBITDA of $11.4 millio , up 276% yea ove yea .
With a missio to satisfy the wo ld’s cu iosity th ough p emium video a d audio that i spi es, i fo ms a d e te tai s, Cu iositySt eam has built a du able a d i c easi gly p ofitable busi ess ge e ati g mo e tha $80 millio i a ualized eve ue a d mo e tha $20 millio i a ualized adjusted EBITDA. F om its fou datio as a di ect-to-co sume subsc iptio se vice, Cu iositySt eam has expa ded i to a dive sified media a d co te t busi ess spa i g global st eami g, dist ibutio a d t aditio al co te t lice si g, while apidly g owi g the lice si g of p emium video, audio a d othe p op ieta y co te t a d data fo AI t ai i g a d elated applicatio s.
Piche will ove see Cu iositySt eam’s global fi a ce o ga izatio a d play a ce t al ole i shapi g the fi a cial st ategy fo the compa y’s ext phase of g owth, i cludi g capital allocatio , st ategic pa t e ships a d i itiatives desig ed to d ive sustai able g owth a d lo g-te m sha eholde value.
“Cu iositySt eam has e te ed a impo ta t ew phase,” said Cli t Sti chcomb, P eside t a d CEO of Cu iositySt eam. “We have built a du able, p ofitable busi ess, delive ed the st o gest qua te ly fi a cial pe fo ma ce i ou histo y a d aised ou full-yea outlook fo both eve ue a d adjusted EBITDA. Sea ‘s expe ie ce is exceptio ally well suited to whe e Cu iositySt eam is today a d whe e we i te d to go. He b i gs deep media a d public-compa y expe tise, a ope ato ‘s mi dset a d sig ifica t t a sactio al expe ie ce. As we scale ou co e busi esses, capitalize o the apidly expa di g oppo tu ities i AI a d t aditio al lice si g a d evaluate the full a ge of oppo tu ities to c eate sha eholde value, Sea is the ight fi a cial leade to help d ive Cu iositySt eam’s ext stage of g owth.”
Piche b i gs 30 yea s of fi a ce a d accou ti g expe ie ce ac oss media, e te tai me t, tech ology a d telecommu icatio s, spa i g eme gi g-g owth busi esses a d some of the wo ld’s la gest public media a d e te tai me t compa ies. His ca ee combi es se io ope ati g leade ship with exte sive public-compa y fi a ce, capital ma kets a d t a sactio expe tise.
Most ece tly, Piche p ovided CFO se vices to g owth-stage compa ies, whe e he led fi a ce ope atio s, suppo ted the developme t of ew eve ue st eams a d a a ged fi a ci g to suppo t st ategic g owth i itiatives. P eviously, he was a Pa t e a d Global Media & E te tai me t Co-Leade at CFGI a d spe t a decade as a Pa t e i E st & You g’s Fi a cial Accou ti g Adviso y Se vices p actice. Du i g his te u e at EY, he advised leadi g media a d e te tai me t compa ies o complex accou ti g matte s, t a sactio s, fi a cial epo ti g a d fi a ce t a sfo matio , i cludi g Comcast NBCU ive sal, Pa amou t Skyda ce, Si iusXM, Wa e B os. Discove y a d Wa e Music G oup.
Ea lie i his ca ee , Piche held se io fi a ce oles at NBCU ive sal a d Viacom, with espo sibility fo fi a cial epo ti g, tech ical accou ti g a d accou ti g ope atio s. He bega his ca ee at EY i its Audit a d T a sactio Adviso y Se vices p actices, p ovidi g fi a cial due dilige ce a d t a sactio -st uctu i g suppo t to p ivate equity fi ms a d co po ate acqui e s. Piche is a Ce tified Public Accou ta t a d holds a Bachelo of Scie ce i Accou ti g f om Bi ghamto U ive sity.
“Cu iositySt eam has built a disti ctive po tfolio of p emium i tellectual p ope ty a d demo st ated the ability to c eate value f om those assets ac oss a expa di g a ge of busi esses a d tech ologies,” said Piche. “Joi i g the compa y at a time of eco d fi a cial pe fo ma ce, g owi g p ofitability a d expa di g oppo tu ities i AI a d t aditio al lice si g is especially exciti g. I look fo wa d to wo ki g with Cli t a d the leade ship team to build o that mome tum, mai tai discipli ed capital allocatio a d fi a cial executio , a d help d ive sustai ed p ofitable g owth a d lo g-te m sha eholde value.”
Piche succeeds B ady Hayde , who is depa ti g the compa y.
“I also wa t to tha k B ady fo his ma y co t ibutio s to Cu iositySt eam,” Sti chcomb said. “His leade ship helped put the compa y i the st o g fi a cial positio we a e i today, a d we a e g ateful fo eve ythi g he has do e fo Cu iositySt eam.”
Ce tai stateme ts i this p ess elease may be co side ed “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995 i cludi g, but ot limited to, Cu iositySt eam’s expectatio s ega di g futu e fi a cial pe fo ma ce, capital allocatio , g owth oppo tu ities, a d executio of its st ategy. Fo wa d-looki g stateme ts a e i he e tly subject to isks, u ce tai ties, a d assumptio s. Ge e ally, stateme ts that a e ot histo ical facts-i cludi g stateme ts co ce i g possible o assumed futu e actio s, busi ess st ategies, eve ts, o esults of ope atio s-a e fo wa d-looki g stateme ts. These stateme ts may be p eceded by, followed by, o i clude the wo ds “believes,” “estimates,” “expects,” “p ojects,” “fo ecasts,” “may,” “will,” “should,” “seeks,” “pla s,” “scheduled,” “a ticipates,” “p edicts,” “i te ds,” o simila exp essio s.
Such fo wa d-looki g stateme ts i volve isks a d u ce tai ties that may cause actual eve ts, esults, o pe fo ma ce to diffe mate ially f om those i dicated. Ce tai of these isks a e ide tified a d discussed u de “Risk Facto s” i Cu iositySt eam’s A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025, filed with the SEC o Ma ch 12, 2026, a d i Cu iositySt eam’s othe SEC fili gs. Fo wa d-looki g stateme ts speak o ly as of the date they a e made, a d Cu iositySt eam exp essly disclaims a y obligatio to update, alte , o othe wise evise a y fo wa d-looki g stateme t, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise, except as equi ed by law.
This p ess elease i cludes efe e ces to a fi a cial measu e, Adjusted EBITDA, that is ot p epa ed i acco da ce with ge e ally accepted accou ti g p i ciples i the U ited States (“GAAP”). Ou use of o -GAAP fi a cial measu es, such as Adjusted EBITDA, has limitatio s as a a alytical tool, a d these measu es should ot be co side ed i isolatio o as a substitute fo a alysis of fi a cial esults as epo ted u de GAAP.
We use o -GAAP fi a cial measu es i co ju ctio with fi a cial measu es p epa ed i acco da ce with GAAP fo pla i g pu poses, i cludi g i the p epa atio of ou a ual ope ati g budget, as a measu e of ou co e ope ati g esults a d the effective ess of ou busi ess st ategy, a d i evaluati g ou fi a cial pe fo ma ce. These measu es p ovide co siste cy a d compa ability with past fi a cial pe fo ma ce, facilitate pe iod-to-pe iod compa iso s of co e ope ati g esults, a d also facilitate compa iso s with othe pee compa ies, ma y of which use simila o -GAAP fi a cial measu es to suppleme t thei GAAP esults. I additio , Adjusted EBITDA is widely used by i vesto s a d secu ities a alysts to measu e a compa y’s ope ati g pe fo ma ce. We exclude the followi g items f om et i come to calculate Adjusted EBITDA: i te est a d othe i come (expe se), p ovisio fo i come taxes, dep eciatio a d o -co te t amo tizatio , loss/(gai ) o the cha ge i fai value of ou wa a ts, equity i te ests loss (gai ), impai me t of goodwill, i ta gible assets a d co te t assets, est uctu i g cha ges a d stock-based compe satio .
I vesto s a e cautio ed that the e a e mate ial limitatio s associated with the use of o -GAAP fi a cial measu es as a a alytical tool.
Fo a eco ciliatio of the histo ical o -GAAP fi a cial measu es to the most di ectly compa able GAAP measu e, see Exhibit 99.1 to ou Cu e t Repo t o Fo m 8-K, filed with the SEC o August 12, 2026.
Cu iositySt eam I c. (Nasdaq:CURI) is the e te tai me t b a d fo people who wa t to k ow mo e. The global media compa y is home to awa d-wi i g o igi al a d cu ated factual films, shows, a d se ies cove i g scie ce, atu e, histo y, tech ology, society, a d lifestyle. Cu iositySt eam is also a leadi g p ovide of AI model t ai i g datasets, leve agi g o e of the wo ld’s la gest a d most valuable ights clea ed media co po a. The compa y’s po tfolio spa s millio s of hou s of p emium video a d audio, 880 billio toke s of p oductio -g ade code ich with develope co text, a d doze s of bespoke datasets c eated with p op ieta y co te t i tellige ce tools. Cu iositySt eam’s data lice si g pa t e ships e able leadi g tech ology compa ies to t ai a d fi e-tu e ge e ative, age tic, a d physical AI systems that will powe the ext e a of i f ast uctu e a d e te p ise capabilities.
Cu iositySt eam also eaches millio s of subsc ibe s wo ldwide, ope ati g the flagship Cu iosity St eam SVOD se vice; Cu iosity Cha el, the li ea televisio cha el available via global dist ibutio pa t e s; Cu iosity U ive sity, featu i g talks f om the best p ofesso s at the wo ld’s most e ow ed u ive sities as well as cou ses, sho t a d lo g-fo m videos, a d podcasts; Cu iosity Now, Cu iosity Histo y, Cu iosity A imals, Cu iosity Explo a, a d othe f ee, ad-suppo ted cha els; Cu iosity Audio Netwo k, with o igi al co te t a d podcasts; a d Cu iosity Studios, which ove sees o igi al p og ammi g. Fo mo e i fo matio , visit Cu iositySt eam.com.
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