Gogo Inc ( (GOGO) ) has released its Q1 earnings. Here is a breakdown of the information Gogo Inc presented to its investors.
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Gogo Inc., a prominent provider of broadband connectivity services for business and military aviation markets, has released its first-quarter 2025 financial results, showcasing significant growth and strategic advancements.
In the first quarter of 2025, Gogo Inc. reported a remarkable increase in total revenue, reaching $230.3 million, a 121% rise compared to the same period last year. This growth was largely driven by the acquisition of Satcom Direct, contributing $129 million to the quarter’s revenue. The company’s service revenue also saw a substantial increase of 143% year-over-year, amounting to $198.6 million.
Key financial metrics for the quarter include a net income of $12 million, despite the impact of acquisition-related expenses. Adjusted EBITDA rose by 43% to $62.1 million, reflecting strong operational performance. Gogo also achieved FAA PMA approval for its Galileo FDX antenna, enhancing its product offerings and market reach. The company shipped 59 HDX antennas year-to-date, indicating robust demand for its connectivity solutions.
Looking ahead, Gogo Inc. remains confident in its financial outlook for 2025, reiterating its guidance despite the potential impact of global tariffs. The company anticipates total revenue to range between $870 million and $910 million, with adjusted EBITDA expected between $200 million and $220 million. Gogo’s strategic initiatives, including the launch of 5G services and further integration of Satcom Direct, are poised to drive future growth and enhance shareholder value.