Why CuriosityStream Stock Crashed Today

Shares of CuriosityStream (NASDAQ: CURI), a streaming service specializing in educational content, crashed on Wednesday after the company reported financial results for the first quarter of 2021. Results missed expectations and that has investors worried. As of noon EDT, the stock was down almost 20%.

In Q1, CuriosityStream generated revenue of $9.9 million, up 33% year over year. This was a sharp deceleration from the 70% year-over-year revenue growth the company enjoyed in the fourth quarter of 2020. Moreover, Wall Street was expecting more. According to data provided by S&P Global Market Intelligence, analysts had expected revenue of $10.6 million.

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Source Fool.com