| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| GAIA | NFLX | WBD | CNVS | DIS | | CURI | |
| NasdaqGM:GAIA | NasdaqGS:NFLX | NasdaqGS:WBD | NasdaqCM:CNVS | NYSE:DIS | | NasdaqCM:CURI | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 10.9% | 14.1% | 28.7% | -1.7% | 5.6% | | 23.2% | |
| 3Y CAGR | 4.3% | 9.5% | 47.8% | 16.1% | 10.7% | | -10.5% | |
| Latest Twelve Months | 12.4% | 15.6% | -4.8% | 39.9% | 4.0% | | -10.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -4.6% | 20.0% | 8.9% | -12.1% | 8.6% | | -76.8% | |
| Prior Fiscal Year | -5.7% | 20.6% | -1.4% | -13.0% | 10.5% | | -44.8% | |
| Latest Fiscal Year | -6.6% | 26.7% | 1.6% | -4.7% | 13.5% | | -26.1% | |
| Latest Twelve Months | -6.6% | 26.7% | 1.6% | 7.2% | 14.5% | | -26.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.27x | 10.86x | 1.64x | 0.75x | 2.36x | | 2.37x | |
| EV / LTM EBIT | -19.3x | 40.7x | 101.8x | 10.4x | 16.2x | | -9.1x | |
| Price / LTM Sales | 1.06x | 10.65x | 0.69x | 0.73x | 1.97x | | 3.14x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.75x | 1.64x | 10.86x | | | | | |
| Historical EV / LTM Revenue | -0.25x | 2.37x | 19.47x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.33x | 2.45x | 2.57x | | | | | |
| (x) LTM Revenue | 51 | 51 | 51 | | | | | |
| (=) Implied Enterprise Value | 119 | 125 | 131 | | | | | |
| (-) Non-shareholder Claims * | 39 | 39 | 39 | | | | | |
| (=) Equity Value | 158 | 165 | 171 | | | | | |
| (/) Shares Outstanding | 56.6 | 56.6 | 56.6 | | | | | |
| Implied Value Range | 2.80 | 2.91 | 3.02 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 2.80 | 2.91 | 3.02 | | 2.84 | | | |
| Upside / (Downside) | -1.4% | 2.4% | 6.3% | | | | | |