Gaia, Inc. creates and markets original programs focused on the evolution of human consciousness. Gaia’s members typically access the company’s content via monthly subscriptions. Gaia has more than 760,000 members, with about 30% of its members outside of the US in 185 different countries. Among developers of video subscription services, Gaia has developed an attractive model in terms of a favorable relation between content creation costs and monthly average revenue per user (ARPU). Since November 2018, the company has focused on reaching free cash flow generation to be able to self-fund its growth. This goal was reached in July 2020 and the company has continued to grow and be cash flow positive since. Further growth will come from international and language expansion, acquisition of new content or channels (such as the December 2021 acquisition of Yoga International), and continuous organic growth of the core business.
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