Gaia posts third-quarter revenue gain

LOUISVILLE — Buoyed by a subscription price increase, Louisville-based Gaia Inc. (Nasdaq: GAIA) recorded a 13.6% increase in revenue in the third quarter.

Gaia posted revenue of $25 million, up from $22 million the same period a year ago. Member count increased by 37,000 to 883,000 as of Sept. 30, up from 846,000 from Sept. 30, 2024.

Gaia, a conscious-media company, raised its subscription prices by $2 last October. “While the losses from the price increase resulted in slower member growth, our revenue grew to a $100 million run-rate …” Jirka Rysavy, Gaia’s chairman, said in a statement.

Gross profit increased 14% to $21.6 million from $19 million in Q3 2024, with gross margin improving to 86.4%, up from 86.1% in the year-ago quarter.

The company posted a net loss of $1.2 million, or 5 cents per share, the same as a year ago.

“We’re pleased to report good revenue growth this quarter,” Gaia CEO Kiersten Medvedich said in a statement. “Last week’s launch of our proprietary AI Guide marks an important milestone as we invest in AI and our global community platform, key initiatives that will increase engagement across our site and content. Together, these initiatives position Gaia for a future where technology strengthens connection and enriches how our members experience Gaia.”

Gaia’s cash position increased to $14.2 million, plus an unused $10 million credit line, up from $4.4 million a year ago.

Gaia’s stock closed Tuesday at $4.61 Tuesday, down 44 cents.

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