Gaia’s net income, user growth slows

LOUISVILLE — As the world has regained some sense of normalcy with the rollback of COVID-19 restrictions, streaming video provider Gaia Inc. (Nasdaq: GAIA) has seen its growth of total users slow, resulting in a year-over-year decrease in net income for the second quarter of 2022.

Net income was $100,000, or one cent per share compared to $600,000 or three cents per share in the second quarter of 2021. 

On the positive side, revenues increased 7% year over year to $20.7 million from $19.4 million.

Gaia’s member count was 792,000 as of June 30, 2022, compared to 770,200 on that date in 2021.

“The…