GAIA

This article first appeared on GuruFocus. Revenue: $23.3 million, a decrease of 5% from the year-ago quarter. Gross Profit: $19.9 million, down from the prior year. Gross Margin: 85.3%, compared to 86.7% in the second quarter of 2025. Selling and Operating Expenses: $21.6 million, compared to $20.6 million in the prior year period. Corporate, General, and Administrative Expenses: Decreased to $1.5 million from $2.9 million. Net Loss: $3.0 million, or negative $0.12 per share, compared to a net loss of $1.8 million, or negative $0.07 per share, in the second quarter of 2025. Cash Balance: $5.3 million as of June 30, 2026, with a fully available $10 million line of credit. Annualized Gross Profit per Employee: Increased to $819,000. Customer Acquisition Cost: $85, against a direct member lifetime value of over $500. Warning! GuruFocus has detected 1 Warning Sign with GAIA. Is GAIA fairly valued? Test your thesis with our free DCF calculator. Release Date: August 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gaia Inc (NASDAQ:GAIA) is on track to achieve its targeted 20% improvement in churn and ARPU by Q4 2026, focusing on long-term member quality. The company has a strong direct member lifetime value of over $500 against a customer acquisition cost of $85, a roughly six-to-one ratio. Gaia Inc (NASDAQ:GAIA) has executed or identified over $3 million in annualized cost savings, with gross profit per employee rising to $819,000. New AI-driven features like AI tarot and Moments are driving higher engagement and incremental content viewership, enhancing member retention. The launch of community features, including Circle, with over 70% opt-in in test groups, is expected to be a durable retention mechanic. Content slate expansion, including new series with Jim Curtis and Gaia Shorts, is attracting broader audiences and improving content discovery. Gaia Inc (NASDAQ:GAIA) reported a 5% revenue decline in Q2 2026, primarily due to the shift away from lower-value international markets and third-party channels. The company experienced a temporary spike in customer acquisition costs in April and May due to an algorithm change at a major advertising partner. Net loss widened to $3.0 million in Q2 2026, compared to $1.8 million in the prior year, with gross margin declining to 85.3%. Cash balance dropped to $5.3 million, impacted by seasonality of annual renewals, lower revenue, and higher marketing costs. Gaia Inc (NASDAQ:GAIA) no longer forecasts breakeven net income for Q4 2026, now targeting only positive free cash flow, with Q3 expected to remain challenging. The company has paused annual price increases until 2028, limiting near-term ARPU growth potential. Q: Based on the commentary, how should we think about the fourth quarter from a revenue perspective, given the previous expectation of a return to double-digit growth?A: Ned Preston (CFO) stated that Q3 is expected to be similar to Q2 and represent the bottom of the revenue decline. The company expects to grow sequentially from Q3 to Q4, but Q4 will not drive profitability. The primary focus for Q4 is returning to positive free cash flow. Q: Can you walk us through the specific factors that changed the outlook for Q4 profitability from the previous commentary?A: Ned Preston (CFO) explained that the change was driven by two main factors: the seasonality of annual member renewals impacting cash inflows and higher marketing costs experienced in April and May due to an algorithm change at a major advertising partner. These headwinds pushed back expectations for the year, though the company is working to get back on track. Q: How do you get those marketing costs back on track?A: Ned Preston (CFO) and Yonathan Nuta (COO) explained that the company experienced higher customer acquisition costs (CPA) in April and May due to an algorithm change at a major advertising partner. They have since taken deliberate steps to reduce dependency on that partner and have brought acquisition costs back in line with expectations. This was compounded by the simultaneous transition to direct acquisition without discounting and a price increase. Q: What is your sense and timing for the investments in AI and community to pay off?A: Yonathan Nuta (COO) stated that the plan remains to continue working on community features and launch them through the end of Q4. The company is measuring the impact on retention closely to gauge the timing and payoff of these investments. Q: Do you still think annual price increases are something you can count on, or are you starting to back off from that strategy?A: Ned Preston (CFO) clarified that after the price increase implemented on March 1 of this year, the company does not anticipate raising pricing again until 2028. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is executing a deliberate trade-off, prioritizing long-term member quality over near-term growth by pulling back from lower-value regions like Latin America and third-party acquisition channels. The second-quarter revenue decline was primarily driven by the international business, consistent with the strategic shift toward a direct member base. A temporary spike in customer acquisition costs (CAC) occurred in April and May due to an algorithm change at a major advertising partner, which management has since corrected. Direct members currently yield a lifetime value of over $500 against an $85 acquisition cost, a 6-to-1 ratio that management is aggressively protecting. Efficiency efforts resulted in annualized gross profit per employee increasing to $819 thousand, reflecting a more disciplined cost structure. The company is leveraging AI as a productivity accelerator for a lean team and as a discovery tool to drive incremental content viewership and return visits. Management believes connection is the most durable retention mechanic and is launching 'Circles' to transform the solitary content experience into a community-driven one. Management is targeting a 20% improvement in both churn reduction and growth by the fourth quarter of 2026. The company expects the third quarter to remain challenging with results similar to the second quarter, marking the anticipated bottom for revenue. Due to marketing headwinds and seasonality, the company is no longer targeting breakeven net income for Q4 2026, focusing instead on returning to positive free cash flow. Community features and the full rollout of 'Circles' are expected to continue through the end of the fourth quarter to bolster long-term retention. Following the March 1 price increase, management does not anticipate raising prices again until 2028. Executed or identified over $3 million in annualized savings following a systematic review of marketing, technology, and overhead spend. Cash inflows were impacted by a $2.4 million seasonal effect from annual member renewals compared to the first quarter. Gross margin declined to 85.3% from 86.7% due to lower revenue being recognized against a relatively fixed content cost base. Management highlighted the risk of platform dependency, citing the need to diversify acquisition channels following the advertising partner's algorithm shift. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects Q3 to be the revenue trough, with sequential growth anticipated in Q4. The shift away from a net income breakeven target for Q4 was attributed to the April/May marketing cost spike and the timing of annual member renewals. The spike was caused by a 'perfect storm' of rebuilding direct acquisition without discounts, a price increase, and partner algorithm changes. Management has already taken steps to reduce dependency on the specific advertising partner to prevent future volatility. Community features will continue launching through Q4, with management closely measuring the impact on retention to determine the payoff timeline.

BOULDER, Colo., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Summary vs Second Quarter 2025 (where applicable) Revenue was $23.3 million compared to $24.6 million, of which international revenue decreased $1.6 million. Annualized gross profit per employee for the quarter increased to $819,000. Management Commentary “Our second quarter results reflect the deliberate trade-off we outlined last quarter—prioritizing the long-term quality and value of our direct member base over near-term results,” said Kiersten Medvedich, Chief Executive Officer of Gaia. “While that transition, combined with increased advertising costs, pressured our top line, we've moved quickly to bring costs back in line. At the same time, we're seeing real traction in new content initiatives that drive daily engagement, from our new AI powered features. We remain confident in this strategy and are focused on returning to positive free cash flow in the fourth quarter.” Gaia CFO, Ned Preston, stated: “The seasonality of our annual member renewals impacted our cash inflows by $2.4 million. This, together with lower revenue and higher marketing costs, brought our operating cash flow for the second quarter to $(5.4) million.” Second Quarter 2026 Financial Results Revenue decreased 5% to $23.3 million, compared to $24.6 million in the second quarter of 2025, due to lower revenue from lower quality subscribers and lower ARPU regions. The decrease also reflects the impact of the company’s shift in its marketing strategy, which includes a disciplined approach to discounting and a movement towards direct and higher ARPU member acquisition. Gross margin was 85.3% compared to 86.7% year ago, primarily attributable to lower revenue, while content-related costs remained relatively consistent. Net loss was $(3.0) million, or $(0.12) per share, versus $(1.8) million or $(0.07) per share, in the second quarter of 2025. Gaia’s cash balance as of June 30, 2026, was $5.3million, with a fully available $10 million line of credit. Conference Call Date: Monday, August 10, 2026Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time)Toll-free dial-in number: 1-877-269-7751International dial-in number: 1-201-389-0908Conference ID: 13761111 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860. The conference call will be broadcast live and available for replay here and via ir.gaia.com. A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through August 24, 2026. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13761111 About Gaia Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over 90% of which is exclusive to Gaia, and approximately 75% of viewership is generated by content produced or owned by Gaia. Gaia is available on Apple TV, iOS, Android, Roku, Chromecast, and sold through Amazon Prime Video and Comcast Xfinity. For more information about Gaia, visit www.gaia.com. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward looking statements that involve risks and uncertainties. When used in this discussion, we intend the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “target,” “will,” “would” and similar expressions as they relate to us to identify such forward-looking statements. Our actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2025. Risks and uncertainties that could cause actual results to differ include, without limitation: our ability to attract new members and retain existing members; our ability to compete effectively, including for customer engagement with different modes of entertainment; maintenance and expansion of device platforms for streaming; fluctuation in customer usage of our service; fluctuations in quarterly operating results; service disruptions; production risks; general economic conditions; future losses; loss of key personnel; price changes; brand reputation; acquisitions; new initiatives we undertake; security and information systems; legal liability for website content; failure of third parties to provide adequate service; future internet-related taxes; our founder’s control of us; litigation; consumer trends; the effect of government regulation and programs; the impact of public health threats; and other risks and uncertainties included in our filings with the Securities and Exchange Commission. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our views only as of the date of this press release. We undertake no obligation to update any forward-looking information. Company Contact:Ned PrestonChief Financial OfficerGaia, [email protected] Investor Relations:Gateway Group, Inc.Cody Slach(949) [email protected]

Fox (FOXA) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +33.58%. A quarter ago, it was expected that this TV broadcasting company would post earnings of $1.02 per share when it actually produced earnings of $1.32, delivering a surprise of +29.41%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fox, which belongs to the Zacks Broadcast Radio and Television industry, posted revenues of $4.21 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 17.01%. This compares to year-ago revenues of $3.29 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fox shares have lost about 19.7% since the beginning of the year versus the S&P 500's gain of 12.8%. While Fox has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fox was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.80 on $4.1 billion in revenues for the coming quarter and $5.75 on $17.28 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Broadcast Radio and Television is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Gaiam (GAIA), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This lifestyle media company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of -85.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Gaiam's revenues are expected to be $24.6 million, down 0.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fox Corporation (FOXA) : Free Stock Analysis Report Gaia, Inc. (GAIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Management is deliberately refocusing on direct member acquisition to improve long-term economics, moving away from third-party platforms that generated lower ARPU and higher churn. The transition is driven by the realization that third-party subscribers lack access to core Gaia features and direct engagement, limiting their lifetime value compared to direct members. A 15% price increase was implemented in March for monthly members across 80% of regions, with annual members to follow upon renewal to drive margin expansion. Direct membership strength is evidenced by high loyalty, with approximately 70% of direct members staying over one year and 40% exceeding three years. Operational focus has shifted toward rebuilding direct marketing capabilities under new leadership and agency partners to enhance brand-led growth. Product development is centering on AI-powered personalization and community features, such as live formats and AI-powered tarot and astrology features, to deepen engagement within the direct platform. Gaia is targeting an approximate 20% reduction in churn and a 20% to 25% increase in ARPU by the fourth quarter of 2026 compared to the prior year. Management anticipates near-term pressure on revenue growth during this transition, expecting a revenue 'lull' for the next one to two quarters before an uptick in the second half of the year. The company maintains a goal to reach P&L breakeven in the fourth quarter of 2026 and achieve full-year profitability in 2027. A long-term revenue milestone of $150 million with $39.3 million in adjusted EBITDA is targeted by 2029. Third-party revenue is expected to be reduced from current levels (low 20s percentage) back to the historical target of below 20% within the next 12 months. Gross margin was 86% in the first quarter of 2026, with gross profit remaining flat compared to the first quarter of 2025. Average member lifetime value is currently reported at over $500, which management highlights is 6x the current customer acquisition cost (CPA) of $85. The company reported its ninth consecutive quarter of positive free cash flow, ending the period with $13.1 million in cash and no debt outside a small campus mortgage. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. CEO Kiersten Medvedich explained that data from her first three quarters showed third-party channels were not supporting the 'full Gaia experience' or long-term margin goals. The shift allows the company to focus resources on higher-quality growth and better retention rather than chasing volume through discounted third-party memberships. CFO Ned Preston expects a slight 2 to 3-point decline in gross margin by year-end due to a revenue mix shift toward non-SVOD businesses. Margins are expected to return to the 86% range as the company moves into 2027. Chairman Jirka Rysavy noted that Igniton will introduce new products, including 'REM sleep' and potentially a peptide product, at an upcoming Biohacking Conference. Igniton currently operates close to breakeven with approximately $5 million in cash and no debt. The company is currently testing playlist and profile sharing, with a target to launch a beta version of the full community platform by the end of 2026. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Gaia is refocusing on direct memberships, reducing reliance on lower-value third-party subscribers and implementing a ~15% monthly price increase in about 80% of regions, while targeting roughly a 20% reduction in churn and a 20–25% ARPU increase by Q4 2026. Q1 revenue was $24.3M (vs. $23.8M a year ago) with an 86% gross margin and a widened net loss of $1.3M, but operating cash flow was $1.5M and free cash flow $1.1M—Gaia’s 9th consecutive quarter of positive free cash flow—and management expects to reach break-even in Q4 and be profitable for full-year 2027. The company is investing in content, AI-driven features (including daily tarot and astrology) and community tools with a beta planned by year-end, and is advancing the Igniton brand while aiming to push third-party revenue back below 20% within 12 months. Interested in Gaia, Inc.? Here are five stocks we like better. Gaia Stock is an Under-The-Radar Lifestyle Streaming Play Gaia (NASDAQ:GAIA) management used its first-quarter fiscal 2026 earnings call to outline a strategic shift back toward direct memberships, alongside a more disciplined approach to pricing and promotions. Chairman Jirka Rysavy said the quarter marked “the beginning of our deliberate refocus back to a direct member base and a pricing discipline,” noting that a 15% price increase for monthly members was implemented in March in about 80% of the company’s regions, while annual members will see the increase take effect at renewal. Rysavy added that Gaia generated $1.5 million of operating cash flow and $1.1 million of free cash flow during the quarter. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook CEO Kiersten Medvedich said the company is prioritizing its direct relationship with members after several years of emphasizing subscriber growth through third-party platforms. While those channels supported top-line growth, Medvedich said they also produced “lower ARPU” and “higher churn,” and third-party subscribers do not have access to features Gaia believes will shape its future. She also emphasized that platform-based relationships limit Gaia’s ability to identify and engage those subscribers directly. Medvedich said Gaia is targeting measurable improvements by the fourth quarter of 2026 compared with the fourth quarter of 2025, including an “approximate 20% reduction in churn” and a “20%-25% increase in ARPU.” She described several actions being taken to support the shift: Reducing reliance on “lower-value” third-party member acquisition Taking a “very disciplined approach” to discounting and promotions Rebuilding direct marketing capabilities, including hiring a new CMO, Tracy Benson, and onboarding new agency partners across paid media and brand → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Management acknowledged trade-offs from the transition. Medvedich said Gaia expects “near-term pressure on revenue growth” as it changes its approach, while still expecting growth versus last year. She framed the strategy around unit economics, citing an average member lifetime value of more than $500 before the recent price increase, compared with a current cost per acquisition of $85. In the Q&A, Medvedich told Lake Street Capital Markets analyst Ryan Meyers that the pivot reflects what she has learned in her first three quarters as CEO. She said data showed third-party channels were producing customers with higher churn and lower margins, and that Gaia is simultaneously investing in AI products and community features that are designed for direct members. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Medvedich highlighted ongoing investment in the “core elements that define the Gaia experience: content, AI, personalization, and community.” She cited recent content releases including The Monroe Institute experience and the fourth season of Missing Links with Gregg Braden, and said Gaia launched a new monthly live format that allows members to engage with hosts in real time. On AI, she said the company has improved its model, reducing costs while improving response quality. Gaia is also launching AI-powered tarot and astrology features intended to encourage daily engagement. Asked by ROTH Capital Partners analyst George Kelly about the timing of community initiatives, Medvedich said Gaia is on track to launch a beta version by the end of the year. She noted current testing includes playlist sharing and profile sharing. Medvedich also pointed to external recognition, saying Gaia was recently ranked the No. 2 mindfulness and wellness app by Newsweek. CFO Ned Preston reported first-quarter 2026 revenue of $24.3 million, up from $23.8 million in the year-ago quarter. He said the increase was driven primarily by higher ARPU, partially offset by reduced discounted pricing. Gross profit was $20.9 million, unchanged from last year, with a gross margin of 86%. Net loss widened to $1.3 million, or -$0.05 per share, compared with a net loss of $1.0 million, or -$0.04 per share, a year earlier. Preston attributed the results to the initiatives being undertaken. Preston said operating cash flow was $1.5 million and free cash flow was $1.1 million, representing the company’s “9th consecutive quarter of positive free cash flow.” Cash was $13.1 million as of March 31, 2026, and the company also has a fully available $10 million line of credit. He said Gaia has no debt outside of a “small campus mortgage.” In response to Sidoti & Company analyst James Sidoti’s question on gross margin, Preston said the year-over-year comparison was affected by a one-time royalty true-up in the prior-year quarter, and that margins were “flat at exactly 86%” on a normalized basis. He added that Gaia expects a small revenue mix shift from its non-SVOD business that could reduce gross margin by about two to three points by year-end, but he expects margins to return to around 86% going into 2027. On the outlook, Preston said Gaia’s overarching focus is maintaining positive free cash flow while working toward the targeted ARPU improvement by the fourth quarter of this year. He told Meyers the company expects “a short to midterm lull or kind of consistent revenue” over the next one to two quarters, with improvement in the second half of the year to reach a break-even profit-and-loss result in the fourth quarter. Preston also reiterated management’s longer-term profitability goal, with Medvedich stating that Gaia’s objective remains to reach break-even in the fourth quarter of this year and be profitable for full-year 2027. Preston referenced a pro forma benchmarking analysis in the company’s investor presentation that outlines the model at $100 million, $150 million, and $200 million of revenue. He said Gaia finished 2025 at $99 million in revenue and $15.8 million in adjusted EBITDA, and is targeting $150 million of revenue and $39.3 million of adjusted EBITDA by 2029. Management also discussed Igniton during the call. Medvedich said Rysavy is scheduled to be interviewed by Dave Asprey at the Biohacking Conference on May 28, which she described as an opportunity to broaden awareness of the Igniton brand. In the Q&A, Rysavy said the company plans to introduce a new product called “REM Sleep” at the conference, and may introduce a new peptide product, though he said the timing was not yet certain. Rysavy also said Igniton is “a technology company” and that management does not expect supplements to represent a majority of revenue over time, though he added that “for this year, it will.” Asked about Igniton’s capital position, Rysavy said the business operates close to break-even and has about $5 million in cash and no debt. On third-party channels, Rysavy said third-party revenue had historically been capped below 20% but rose over the past two and a half years into the low 20% range, approaching but not reaching 25%. He said it “needs to go back into below 20%,” and told Kelly he expects that shift to occur within 12 months. Gaia said it expects to report second-quarter results in early August. Gaia, Inc operates a subscription-based streaming platform specializing in conscious media, alternative health, spirituality and personal transformation. The company's digital library features a curated selection of original series, documentaries, yoga and meditation classes, and instructional content aimed at mindfulness, holistic wellness and metaphysical exploration. Gaia's service is accessible through its website, mobile applications and a variety of connected-TV devices, providing on-demand access to content across multiple channels and formats. Since launching its streaming service in 2011, Gaia has focused on developing proprietary programming and forging content partnerships with thought leaders, teachers and filmmakers in the fields of yoga, Ayurveda, consciousness studies and alternative healing. The article "Gaia Q1 Earnings Call Highlights" was originally published by MarketBeat.

BOULDER, Colo., May 04, 2026 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Summary vs First Quarter 2025 (where applicable) Revenue increased to $24.3 million compared to $23.8 million. Gross profit remained flat at $20.9 million. Generated $1.5 million in operating cash flow and $1.1 million in free cash flow. Management Commentary “This quarter reflects a deliberate step in how we are positioning Gaia for long-term success,” said Kiersten Medvedich, Chief Executive Officer of Gaia. “As we’ve evaluated the business, it has become clear that our greatest opportunity lies in deepening our direct relationship with members, where we can deliver the full Gaia experience and capture significantly stronger long-term economics.” “Over time, third-party platforms contributed to subscriber growth, but those members carry lower ARPU, higher churn, and no access to the AI and community features that define our future. In addition, because those relationships sit with the platform rather than with Gaia, we do not know who those subscribers are and have no ability to engage them directly. As a result, we are making intentional changes to reduce our reliance on lower-value third-party acquisition, take a very disciplined approach to discounting, and strengthen our direct marketing capabilities. While these actions are expected to moderate near-term revenue growth, we believe they will materially improve lifetime value, retention, and overall unit economics. As a reflection of that focus, for the fourth quarter of 2026, compared with the fourth quarter of 2025, Gaia is targeting an approximate 20% reduction in churn and a 20-25% increase in ARPU.” “We are executing this transition from a position of strength, with a highly engaged direct member base and continued positive free cash flow. At the same time, we are investing in the core pillars of the Gaia experience—including content, AI, personalization, and community—to build a more differentiated and enduring platform. We believe the steps we are taking today will position Gaia to deliver more durable, profitable growth and create meaningful long-term value for both our members and our shareholders.” First Quarter 2026 Financial Results Revenue increased 2% to $24.3 million, compared to $23.8 million in Q1 2025. The increase was primarily driven by increased ARPU, partially offset by the elimination of discounted pricing. Gross profit was flat year-over-year at $20.9 million, with gross margin of 86.0% for the quarter-ended March 31, 2026. Net loss was $(1.3) million, or $(0.05) per share, versus $(1.0) million or $(0.04) per share, in Q1 2025. Operating cash flow was $1.5 million, with free cash flow of $1.1 million, representing the ninth consecutive quarter of positive free cash flow. Cash balance was at $13.1 million as of March 31, 2026, compared to $13.1 million a year ago, all with a fully available $10 million line of credit. Conference Call Date: Monday, May 4, 2026 Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time) Toll-free dial-in number: 1-877-269-7751 International dial-in number: 1-201-389-0908 Conference ID: 13759800 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860. The conference call will be broadcast live and available for replay here and via ir.gaia.com. A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through May 18, 2026. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13759800 About Gaia Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over 90% of which is exclusive to Gaia, and approximately 75% of viewership is generated by content produced or owned by Gaia. Gaia is available on Apple TV, iOS, Android, Roku, Chromecast, and sold through Amazon Prime Video and Comcast Xfinity. For more information about Gaia, visit www.gaia.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward looking statements that involve risks and uncertainties. When used in this discussion, we intend the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “target,” “will,” “would” and similar expressions as they relate to us to identify such forward-looking statements. Our actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2025. Risks and uncertainties that could cause actual results to differ include, without limitation: our ability to attract new members and retain existing members; our ability to compete effectively, including for customer engagement with different modes of entertainment; maintenance and expansion of device platforms for streaming; fluctuation in customer usage of our service; fluctuations in quarterly operating results; service disruptions; production risks; general economic conditions; future losses; loss of key personnel; price changes; brand reputation; acquisitions; new initiatives we undertake; security and information systems; legal liability for website content; failure of third parties to provide adequate service; future internet-related taxes; our founder’s control of us; litigation; consumer trends; the effect of government regulation and programs; the impact of public health threats; and other risks and uncertainties included in our filings with the Securities and Exchange Commission. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our views only as of the date of this press release. We undertake no obligation to update any forward-looking information. Non-GAAP Measures In addition to disclosing financial results calculated in accordance with generally accepted accounting principles in the United States of America (GAAP), the financial information included in this release contains non-GAAP financial measures, including Free Cash Flow. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net income, and reconciliations to GAAP financial statements should be carefully evaluated. Free Cash Flow represents net cash provided by operating activities plus cash paid for interest payments, less cash used for capital expenditures, plus cash from non-core business activities. We believe Free Cash Flow is also useful as one of the bases for comparing the Gaia’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, Gaia’s calculation of Free Cash Flow might not necessarily be comparable to such other similarly titled captions of other companies. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. Company Contact: Ned Preston Chief Financial Officer Gaia, Inc. [email protected] Investor Relations: Gateway Group, Inc. Cody Slach (949) 574-3860 [email protected] GAIA, INC. Condensed Consolidated Balance Sheets (unaudited) Condensed Consolidated Statements of Operations (unaudited) Condensed Consolidated Statements of Cash Flows (unaudited) Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (unaudited)

BOULDER, Colo., March 02, 2026 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the fourth quarter and full year ended December 31, 2025. Highlights: FY 2025 revenue increased 11%, year over year to $99.0 million FY 2025 operating cash flow finished at $5.7 million, with free cash flow growing to $4.9 million Q4 2025 operating cash flow finished at $1.8 million, with free cash flow growing to $1.7 million Member count reached 903,000 Kiersten Medvedich, Gaia’s CEO, commented: “Q4 demonstrates the momentum we are building through AI-driven engagement and a sharper focus on direct member relationships, strengthening the foundation for sustainable growth towards profitability.” Ms. Medvedich continued, “With our $100 million revenue run-rate, increasing ARPU, and GP per employee, we remain focused on delivering positive operating and free cash flow.” Fourth Quarter 2025 Financial Results Revenues for the fourth quarter of 2025 increased to $25.5 million from $24.1 million in the fourth quarter of 2024, primarily driven by increasing ARPU and growth of our member base. Member growth increased during the year, growing sequentially by an additional 20,000 members during the fourth quarter, with the count ending at 903,000. Gross profit increased to $22.3 million with a gross margin of 87.6%. Net loss was $(0.5) million or $(0.02) per share, improving from $(0.8) million or $(0.03) per share in the year-ago quarter. For the quarter, operating cash flow finished at $1.8 million and free cash flow improved by $1.1 million to $1.7 million. The cash balance as of December 31, 2025 was $13.5 million with an unused $10.0 million line of credit. 2025 Financial Results Revenue for the year was $99.0 million, up from $89.3 million representing 11% year-over-year growth. Gross margin was 87.1% up from 86.1% during 2024. Net loss for the year was $(4.5) million or $(0.18) per share, compared to $(5.2) million or $(0.22) per share last year, with increased marketing spend and amortization, with operating cash flow finishing at $5.7 million. Free cash flow increased by $2.2 million to $ 4.9 million. Conference Call Date: Monday, March 2, 2026 Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time) Toll-free dial-in number: 1-877-269-7751 International dial-in number: 1-201-389-0908 Conference ID: 13758211 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at (949) 574-3860. The conference call will be broadcast live and available for replay here and via ir.gaia.com. A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through March 16, 2026. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 13758211 About Gaia Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over 90% of which is exclusive to Gaia, and approximately 75% of viewership is generated by content produced or owned by Gaia. Gaia is available on Apple TV, iOS, Android, Roku, Chromecast, and sold through Amazon Prime Video and Comcast Xfinity. For more information about Gaia, visit www.gaia.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward looking statements that involve risks and uncertainties. When used in this discussion, we intend the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “target,” “will,” “would” and similar expressions as they relate to us to identify such forward-looking statements. Our actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2024. Risks and uncertainties that could cause actual results to differ include, without limitation: our ability to attract new members and retain existing members; our ability to compete effectively, including for customer engagement with different modes of entertainment; maintenance and expansion of device platforms for streaming; fluctuation in customer usage of our service; fluctuations in quarterly operating results; service disruptions; production risks; general economic conditions; future losses; loss of key personnel; price changes; brand reputation; acquisitions; new initiatives we undertake; security and information systems; legal liability for website content; failure of third parties to provide adequate service; future internet-related taxes; our founder’s control of us; litigation; consumer trends; the effect of government regulation and programs; the impact of public health threats; and other risks and uncertainties included in our filings with the Securities and Exchange Commission. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our views only as of the date of this press release. We undertake no obligation to update any forward-looking information. Non-GAAP Measures In addition to disclosing financial results calculated in accordance with generally accepted accounting principles in the United States of America (GAAP), the financial information included in this release contains non-GAAP financial measures, including Free Cash Flow. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net income, and reconciliations to GAAP financial statements should be carefully evaluated. Free Cash Flow represents net cash provided by operating activities plus cash paid for interest payments, less cash used for capital expenditures, plus cash from non-core business activities. We believe Free Cash Flow is also useful as one of the bases for comparing the Gaia’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, Gaia’s calculation of Free Cash Flow might not necessarily be comparable to such other similarly titled captions of other companies. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. Company Contact: Ned Preston Chief Financial Officer Gaia, Inc. [email protected] Investor Relations: Gateway Group, Inc. Cody Slach (949) 574-3860 [email protected] GAIA, INC. Condensed Consolidated Balance Sheets (unaudited) Condensed Consolidated Statements of Operations (unaudited) Condensed Consolidated Statements of Cash Flows (unaudited) Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (unaudited)