Gaia Posts 12% Revenue Drop as Quarterly Net Loss Widens to $3.018 Million
Photo: TokenPost
Gaia Inc., a member-supported video-streaming and media company, posted $22.031 million in revenue for the three months ended Sept. 30. The figure was down 12% from $24.984 million in the same quarter last year. The lower sales came alongside a wider net loss. Net loss attributable to common shareholders reached $3.018 million, compared with $1.153 million a year earlier. Diluted loss per share increased to $0.12 from $0.05. Gross margin was 85.2%, down from 86.4% in the year-ago quarter. Gaia linked the revenue decline primarily to pulling back on acquisition of lower-ARPU members and focusing on direct subscribers.
Source: TokenPost
