Overview
Gaia Q3 revenue grows 14% yr/yr to $25 mln, misses analyst expectations
Net loss remains at $1.2 mln, same as Q3 2024
Company had launched proprietary AI model to boost engagement
Outlook
Company did not provide specific financial guidance for the current quarter or full year in its press release
Result Drivers
PRICE INCREASE - Co raised subscription prices, contributing to revenue growth despite slower member growth
AI MODEL LAUNCH - Launch of proprietary AI model expected to increase engagement and support growth
CASH FLOW - Seventh consecutive quarter of positive free cash flow, strengthening financial position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $24.98 mln | $25.40 mln (4 Analysts) |
Q3 EPS | -$0.05 | ||
Q3 Basic EPS | -$0.05 | ||
Q3 Pretax Profit | -$1.21 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Gaia Inc is $7.50, about 33.5% above its October 31 closing price of $4.99
Press Release: ID:nGNXk6DBP
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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