Gogo Q3 revenue up 122% yr/yr, slightly beats estimates

Gogo

06/11/2025 12:15

Overview

Gogo Q3 2025 revenue grows 122% yr/yr, slightly beating analyst expectations

Net loss of $1.9 mln includes $15 mln acquisition-related earn-out accrual

Company reiterates 2025 financial guidance at high end for revenue and adjusted EBITDA

Outlook

Gogo reiterates 2025 revenue guidance at high end of $870 mln to $910 mln

Company expects 2025 Adjusted EBITDA at high end of $200 mln to $220 mln

Gogo plans year-end 2025 launch of 5G Air-to-Ground network

Result Drivers

SATCOM DIRECT ACQUISITION - Acquisition contributed $121.8 mln to Q3 revenue

RECORD ATG SHIPMENTS - Achieved all-time record of 437 ATG equipment shipments

HDX ANTENNA SHIPMENTS - Over 200 HDX antenna shipments year-to-date, up from 77 in Q2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$223.60 mln
$222.80 mln (4 Analysts)
Q3 Net Income
-$1.90 mln
Q3 Adjusted EBITDA
$56.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 Gogo Inc is $16.25, about 46.1% above its November 5 closing price of $8.76

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nGNX3gnDZp

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)