Revenue Grew 18% for the Fourth Quarter 2024
From GlobeNewswire: 2025-03-10 16:05:00
Gaia, Inc. reported a positive financial year in 2024, with Q4 revenue up 18% and full year revenue up 12% to $90.4 million. The company saw improvements in EPS, operating cash flow, and free cash flow. Gaia’s CEO and CFO highlighted pricing adjustments and operational efficiency as key factors driving growth.
In Q4 2024, Gaia’s revenue increased to $24.4 million, with gross profit up to $21.6 million. Member growth also saw an increase, ending the year with 856,000 members. Net loss improved to $(0.8) million compared to $(1.8) million in the year-ago quarter.
For the full year 2024, Gaia reported revenue of $90.4 million, with gross profit at $77.8 million and a net loss of $(5.4) million. The company saw improvements in free cash flow, which increased to $2.7 million from a loss of $(1.3) million in the prior year.
Gaia will host a conference call on March 10, 2025, to discuss their financial results. The call will be available for replay and can be accessed through the company’s website. Gaia is a global video streaming service with over 10,000 titles available to members in 185 countries, focusing on conscious media through various channels.
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