Gogo Earnings Reports

Gogo's Q4 2024 revenue surged 41% YoY to $137.8 million, driven by the Satcom Direct acquisition. However, the company posted a net loss of $28.2 million, mainly due to acquisition-related costs. Adjusted EBITDA was $34.0 million, down 3% YoY. The service segment grew 47% YoY, while equipment revenue increased 12%.

Gogo Inc. reported a 3% year-over-year increase in total revenue, reaching $100.5 million for Q3 2024. Service revenue also grew by 3% to $81.9 million. Net income decreased by 49% to $10.6 million, and Adjusted EBITDA decreased by 19% to $34.8 million. The company updated its 2024 guidance and highlighted strategic wins with Textron Aviation and Wheels Up.

Gogo Inc. reported a slight decrease in total revenue, but an increase in service revenue. Net income decreased significantly due to an unrealized loss related to a convertible note investment and a prior-year tax benefit. The company updated its 2024 guidance and long-term financial targets, including revenue, Adjusted EBITDA, and Free Cash Flow.

Gogo Inc. reported a 6% year-over-year increase in total revenue, reaching $104.3 million, with service revenue up 4% to a record $81.7 million. Net income increased by 49% to $30.5 million. The company updated its 2024 Adjusted EBITDA guidance to the high end of the previously guided range.

Gogo Inc. reported a decrease in total revenue but a record in service revenue for Q4 2023. The company's net income decreased compared to Q4 2022, while free cash flow increased. Gogo is launching Gogo Galileo and Gogo 5G later in the year.

Gogo Inc. reported a decrease in total revenue by 7% year-over-year, totaling $97.9 million, but achieved a record third quarter service revenue of $79.5 million, up 6% year-over-year. The company's net income increased by 4% to $20.9 million.

Gogo Inc. reported a 6% year-over-year increase in total revenue, reaching $103.2 million, and a net income of $89.8 million. Adjusted EBITDA increased by 7% year-over-year to $44.1 million.

Gogo Inc. reported a 6% year-over-year increase in first-quarter revenue, reaching $98.6 million. Net income decreased to $20.4 million, while adjusted EBITDA was $39.7 million. The company reiterated its 2023 financial guidance and long-term targets.

Gogo Inc. reported a record fourth quarter with total revenue of $108.2 million, up 17% year-over-year, and a net income from continuing operations of $27.7 million. Adjusted EBITDA reached a record $46.2 million, also up 17% year-over-year.

Gogo Inc. reported record third-quarter revenue of $105.3 million, a 21% increase year-over-year, driven by strong growth in both service and equipment revenue. Net income from continuing operations increased to $20.2 million, and adjusted EBITDA rose by 7% to $43.7 million.

Gogo Inc. reported record total revenue of $97.8 million, a 19% increase year-over-year, driven by strong growth in both service and equipment revenue. Net income from continuing operations was $22.0 million, and Adjusted EBITDA was $41.2 million, up 12% year-over-year.

Gogo Inc. reported a record first quarter with total revenue of $92.8 million, a 26% increase compared to Q1 2021. Net income from continuing operations increased to $22.2 million, and Adjusted EBITDA also rose by 26% year-over-year to $42.8 million. The company is on track for the commercial launch of Gogo 5G in the second half of 2022.

Gogo Inc. reported a record fourth quarter with revenue of $92.3 million, up 19% year-over-year, and net income from continuing operations of $209.1 million. The company is on track for commercial launch of its 5G network in the second half of 2022.

Gogo Inc. reported a strong third quarter with revenue growth driven by AVANCE sales and subscriber growth. The company reported total revenue of $91.1 million and net income of $1.7 million.

Gogo Inc. reported a strong second quarter in 2021, with total revenue of $82.4 million, a 51% increase compared to Q2 2020. The company's record service revenue of $64.8 million increased 47% compared to Q2 2020. Gogo raised its full year 2021 revenue, adjusted EBITDA and free cash flow guidance.

Gogo Inc. reported a 4% year-over-year increase in total revenue, reaching $73.9 million for the quarter ended March 31, 2021. The company's net loss from continuing operations was $5.9 million, improved from $9.4 million in Q1 2020. Adjusted EBITDA increased by 25% to $33.9 million. The company also raised its 2021 revenue and Adjusted EBITDA guidance and provided free cash flow targets.

Gogo's Q4 2020 total revenue reached $77.6 million, reflecting a 17% sequential improvement. The company reported a net loss of $16.1 million and an adjusted EBITDA of $19.3 million, including a full-year accrual of employee bonus expense. The number of ATG aircraft online grew by nearly 4% sequentially, and average monthly connectivity service revenue per ATG aircraft online increased by more than 2% sequentially.

Gogo reported Q3 2020 financial results with total revenue of $66.5 million and a net loss of $8.9 million. Adjusted EBITDA was $30.2 million. The sale of Commercial Aviation to Intelsat remains on track to close before the end of the first quarter 2021.

Gogo's Q2 2020 results were significantly affected by the COVID-19 pandemic, leading to a 55% decrease in consolidated revenue compared to Q2 2019. Despite the revenue decline, the company achieved break-even unlevered Free Cash Flow through aggressive cost control measures. The company is also in the process of selling its CA division.

Gogo's Q1 2020 results were impacted by the COVID-19 pandemic, with consolidated revenue of $184.5 million and a net loss of $84.8 million. The company implemented cost-saving measures, including workforce furloughs and compensation reductions, to mitigate the impact of the pandemic.

Gogo Inc. reported a 2% increase in consolidated revenue for Q4 2019, reaching $221.3 million. The company's net loss improved to $22.4 million, and Adjusted EBITDA increased by 78% to $34.4 million. Business Aviation segment profit reached a record $41.7 million, up 17% from Q4 2018.