Gogo reiterates long-term financial targets

The company reiterates the following long-term financial targets: Revenue growth at a compound annual growth rate of approximately 15%-17% from 2022 through 2027. The company continues to expect that Gogo Galileo will contribute revenue beginning in 2025. Annual Adjusted EBITDA Margin in the mid-40% range by 2027. Free Cash Flow in the range of $150 million to $200 million in 2025, without the effect of the FCC Reimbursement program, and growing thereafter. The FCC Reimbursement Program is expected to positively impact Free Cash Flow in 2025.