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Dec 31, 2019
Gogo Q4 2019 Earnings Report
Gogo's Q4 2019 earnings were announced, revealing a 2% increase in consolidated revenue and a net loss improvement.
Key Takeaways
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.
Consolidated revenue increased to $221.3 million, up 2% from Q4 2018.
Net loss improved to $22.4 million in Q4 2019.
Adjusted EBITDA increased to $34.4 million, up 78% from Q4 2018.
Business Aviation segment profit reached a record $41.7 million, up 17% from Q4 2018.
Gogo
Gogo
Gogo Revenue by Segment
Revenue by Segment
Business Aviation Revenue
CapyFin.com Forward Guidance
Given the uncertain impact that the quickly evolving COVID-19 (Coronavirus) pandemic will have on our business, Gogo is not providing 2020 financial guidance in this release.