Shares of CuriosityStream (NASDAQ: CURI) were down 22% in March, according to data provided by S&P Global Market Intelligence. The stock was generally flat until late in the month, when it fell following the release of its full-year financial results for 2020. But its business results may not be the best explanation for why the stock fell.
On March 23, CuriosityStream, an educational streaming-video platform, reported earnings for 2020. It generated revenue of $11.4 million in the fourth quarter, which was up 70% year over year. And while its fourth-quarter net loss of $15.7 million was steep, the top-line number exceeded analysts’ expectations.