Strong Revenue Growth
Revenue for the fourth quarter 2024 increased 18% to $24.4 million from $20.7 million in the fourth quarter of 2023. Full year revenue grew 12% to $90.4 million from $80.4 million in 2023.
Improved Gross Margin and Profitability
Gross margin improved to 88.3% from 85.3% in the year-ago quarter. Gross profit per employee increased, and there was a 19% year-over-year improvement in EPS.
Successful Price Increase
First-time price increase for existing members resulted in a limited 6.3% churn impact despite an 18% price hike. ARPU rose to $107, driven by pricing strategy and Gaia Plus subscriptions.
Positive Free Cash Flow
Achieved positive free cash flow for both the quarter and full year, with $4 million improvement over the year.
Growth in Member Base
Member count grew by 6% despite price increase, with notable 11% growth in direct members in high LTV regions like the U.S, Canada, and DACH markets.
Gaia Plus Premium Membership Growth
Gaia Plus premium membership tier grew by over 25%, reflecting demand for exclusive content and events.
AI and Community Initiatives
Raised $8 million to accelerate AI and community initiatives, focusing on building a conscious generative AI and expanding global community engagement.