Gogo's Q1 revenue falls 2%

Gogo

07/05/2026 12:16

Overview

US in-flight connectivity provider's Q1 revenue fell 2% yr/yr to $226.3 mln

Company reaffirmed 2026 revenue and adjusted EBITDA guidance

Outlook

Gogo reaffirms 2026 revenue guidance of $905 mln to $945 mln

Company expects 2026 adjusted EBITDA of $198 mln to $218 mln

Gogo sees 2026 free cash flow of $90 mln to $110 mln

Result Drivers

EQUIPMENT SALES - Record ATG equipment unit sales drove a 22% yr/yr increase in equipment revenue

SERVICE REVENUE DECLINE - Business aviation service revenue fell 9% yr/yr, offsetting gains in military/government service revenue

NEXT-GEN PRODUCT DEMAND - Co said strong demand for next-generation products supported results

Company press release: ID:nGNX1f2L4r

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$226.30 mln
$234.99 mln (2 Analysts)
Q1 EPS
$0.10
Q1 Net Income
$13.10 mln
Q1 Adjusted EBITDA
$53.30 mln


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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.)