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Sep 30, 2025
Gogo Q3 2025 Earnings Report
Gogo reported strong revenue growth in the third quarter of 2025 driven by the Satcom Direct acquisition, while adjusted results excluded the impact of earnout fair value changes.
Key Takeaways
Gogo delivered significant year-over-year revenue growth in Q3 2025 following the Satcom Direct acquisition, with total revenue more than doubling. The company reported a net loss, while adjusted EPS excluded a 0.11 per share impact from the change in fair value of the earnout liability.
Total revenue increased to 223585000 from 100529000 year-over-year.
Service revenue rose to 189956000 driven by satellite broadband growth.
Operating income increased to 28743000 compared to 19071000 in the prior year.
Adjusted EPS excluded 0.11 per share related to change in fair value of earnout liability.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Gogo expects near-term pressure on ATG service revenue but anticipates future growth driven by Gogo 5G and Gogo Galileo deployments.
Positive Outlook
- Expected increase in equipment revenue driven by Gogo 5G and Gogo Galileo unit sales.
- Additional aircraft expected to come online following Gogo 5G launch.
- Growing satellite broadband revenue contribution.
- Remaining performance obligations of approximately 548000000.
- Capital investments supporting LTE and next-generation network buildout.
Challenges Ahead
- Service revenue expected to decline in the near term due to lower ATG services sold.
- Higher depreciation and amortization expense related to acquired intangible assets.
- Increased operating expenses following Satcom Direct acquisition.
- Exposure to supply chain and technology implementation risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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