Globalstar Q3 revenue hits record driven by wholesale services and equipment sales

Globalstar

06/11/2025 21:33

Overview

Globalstar Q3 2025 revenue hits record $73.8 mln, driven by wholesale services and equipment sales

Adjusted EBITDA for Q3 2025 beats analyst expectations

Net income for Q3 2025 falls to $1.1 mln due to non-cash items

Outlook

Globalstar reaffirms 2025 revenue guidance of $260 mln to $285 mln

Company expects 2025 Adjusted EBITDA margin of approximately 50%

Globalstar anticipates minimal impact from tariffs on 2025 results

Result Drivers

WHOLESALE SERVICES - Higher revenue from wholesale capacity services drove record Q3 revenue

SUBSCRIBER EQUIPMENT SALES - Strong sales of subscriber equipment, including RM200M module, boosted revenue

NETWORK DEVELOPMENT - Expansion and upgrade of global ground infrastructure supported future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$1.09 mln
Q3 Adjusted EBITDA
Beat
$37.57 mln
$36.10 mln (2 Analysts)
Q3 EBITDA
$31.33 mln
Q3 Operating Expenses
$63.69 mln
Q3 Operating Income
$10.16 mln
Q3 Pretax Profit
$2.19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Globalstar Inc is $60.00, about 14.8% above its November 5 closing price of $51.13

Press Release: ID:nBw2HhMlKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)