Gogo sees FY25 revenue up 15%-17%

The Company provides the following long-term financial targets: Revenue growth at a compound annual growth rate of approximately 15%-17% from 2022 through 2027 versus the prior target of approximately 17%. 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, with no change from prior long-term target. Free Cash Flow in the range of $150M-$200M in 2025, without the effect of the FCC program, and growing thereafter. The FCC Program is expected to positively impact Free Cash Flow in 2025. This compares to the prior target of more than $200 million, excluding the effect of the FCC Program, and growing thereafter. “Gogo’s long-term targets of approximately 15%-17% revenue growth and $150M-$200M of Free Cash Flow in 2025 underscore our strong outlook for new products, Gogo 5G and Gogo Galileo, in an underpenetrated global market,” said Jessi Betjemann, Executive Vice President and CFO. “We expect to continue to strengthen our balance sheet while investing in our key growth initiatives.”