Business
Gogo Announces First Quarter 2025 Results
Total Revenue of $230.3 million, up 121% Year-over-Year; First Quarter Service Revenue of $198.6 million, up 143% Year-over-Year Q1 Net Income of $12.0
About this update from Gogo Inc.
[{"type":"text","content":"Total Revenue of $230.3 million, up 121% Year-over-Year; First Quarter Service Revenue of $198.6 million, up 143% Year-over-Year Q1 Net Income of $12.0 million; Adjusted EBITDA(1) of $62.1 million Achieved PMA approval for FDX, Gogo Galileo's larger LEO antenna 59 HDX shipments year to date Reiterates 2025 Financial Guidance, which includes current impact of global tariffs BROOMFIELD, Colo., May 09, 2025 (GLOBE NEWSWIRE) -- Gogo Inc. (NASDAQ: GOGO) (“Gogo” or the “Company”), a leading global provider of broadband connectivity services for the business and military/government mobility aviation markets, today announced its financial results for the quarter ended March 31, 2025. First quarter results for Gogo include the impact of the acquisition of Satcom Direct, LLC and certain of its affiliates and subsidiaries (collectively, \"Satcom Direct\"), which closed on December 3, 2024. Q1 2025 Highlights Total revenue of $230.3 million increased 121% compared to Q1 2024 and increased 67% compared to Q4 2024. Total revenue increased 4% compared to Q1 2024 pro-forma revenue of $221.6 million, with Satcom Direct contributing $129.0 million in Q1 2025, compared to its revenues as a standalone company of $117.3 million in Q1 2024. Service revenue of $198.6 million increased 143% compared to Q1 2024 and increased 67% compared to Q4 2024.Equipment revenue of $31.7 million increased 40% compared to Q1 2024 and increased 67% compared to Q4 2024. Total ATG AVANCE aircraft online (“AOL”)(2) as of March 31, 2025 grew to 4,716, an increase of 15% compared to Q1 2024 and 2% compared to Q4 2024. AVANCE units comprised approximately 68% of total ATG AOL as of March 31, 2025, up from 58% as of March 31, 2024 and up from 65% as of December 31, 2024. AVANCE equipment units sold(2) totaled 241, a decrease of 7% compared to Q1 2024 and an increase of 19% compared to Q4 2024. Average Monthly Connectivity Service Revenue per ATG aircraft online (“ARPU”)(2) for the first quarter was $3,451, flat compared to Q1 2024 and a 1% decrease compared to Q4 2024.Total ATG AOL(2) of 6,902 decreased approximately 3% compared to Q1 2024 and decreased approximately 2% compared to Q4 2024. Broadband GEO AOL(2) of 1,280 increased by 179 compared to Q1 2024 and increased by 31 compared to Q4 2024. Broadband GEO AOL includes Satcom Direct aircraft as of Q1 and Q4 2024 and excl...