- Gaia Inc (GAIA +15.4%) reports Q2 revenue growth of 59.5% Y/Y to $10.5M.
- The company’s paying subscriber count increased 68% Y/Y to 466K, which generated 65% increase in streaming revenues.
- Gross margin increased 70 bps to 86.8%.
- Total operating expenses were $15.6M (+30% Y/Y), the increase was due to the planned marketing expense increases associated with accelerated subscriber growth.
- Customer acquisition costs as a percentage of streaming revenues declined to 85%.
- The company had $41.2M in cash and no debt.
- Previously: Gaia beats by $0.07, misses on revenue (Aug. 6)