Gaia reports Q3 EPS (5c), consensus (6c)

Reports Q3 revenue $22.2M, consensus $22.7M. “Over the last few months we raised, for the first time in our history, our subscription prices for all members by at least two dollars. While the initial losses from the price increase kept our member count flat, we expect that the price increases will push our revenue to almost $24 million during fourth quarter, up from $22.2 million currently,” said Jirka Rysavy, Gaia‘s (GAIA) Chairman. “Q3 marks another successful quarter of free cash flow generation while maintaining double-digit growth, reinforcing our position as a leader in conscious media. We’re especially encouraged by the positive momentum and early success of our recent price adjustments, which are setting a solid foundation for accelerated growth heading into Q4 and 2025,” said James Colquhoun, Gaia’s CEO. “Additionally, we would like to announce our partnership with ElevenLabs, who will now be Gaia’s official provider for AI dubbing and translation across multiple languages. This partnership helps us to enhance our operating efficiency as we continue growing our international audience.” Gaia CFO Ned Preston commented: “Operating cash flows for the first nine months finished at $4.3 million, representing a $1.6 million improvement from the first nine months of 2023 and continues the momentum we’ve delivered in the prior five quarters.”