40+ years Enduring value 76 Countries around the world $4.3B FY24 Revenue 21 Operational satellites in space 7K+ Global employees 10 Satellites under development Continuing to serve customers who rely on our services while innovating new generations of technology Global team working closely with our customers and partners Greater capacity and seamless connectivity solutions High-capacity network that delivers a consistent, high-quality connectivity experience on land, in the air, and at sea Q3 FY2025 Earnin ...

Core Insights - ViaSat reported revenue of $1.12 billion for the quarter ended December 2024, a decrease of 0.4% year-over-year, with an EPS of -$1.23 compared to -$0.99 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.13 billion, resulting in a surprise of -0.21%, while the EPS also missed the consensus estimate of -$0.91 by 35.16% [1] Revenue Breakdown - Product revenues were reported at $314.40 million, below the five-analyst average estimate of $320.92 million, reflecting a year-over-year increase of 3.7% [4] - Service revenues amounted to $809.37 million, slightly above the average estimate of $806.86 million, but showed a year-over-year decline of 2% [4] - Communication Services revenue was $820.35 million, falling short of the two-analyst average estimate of $849.26 million [4] - Defense and Advanced Technologies revenue reached $303.42 million, exceeding the average estimate of $284.91 million from two analysts [4] Stock Performance - ViaSat shares have returned +2.7% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

ViaSat (VSAT) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $0.91. This compares to loss of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -35.16%. A quarter ago, it was expected that this provider of satellite and wireless networking technology would post a loss of $0.56 per share when it actually produced a loss of $1.07, delivering a surprise of -91.07%.Over the la ...

Financial Data and Key Metrics Changes - Revenue for the third quarter was $1,120 million, essentially flat compared to the prior year quarter, reflecting declines in fixed broadband and product revenue within Communications Services, offset by strong growth in Aviation and Defense segments [29][32] - Adjusted EBITDA was $393 million, an increase of 3%, primarily driven by growth in the Defense and Advanced Technologies segment [30][36] - Net loss increased to $158 million from $124 million a year ago, mainly due to a non-cash loss on extinguishment of debt [29][30] - Operating cash flow was $219 million, up more than 60% year over year, driven by decreased working capital and lower cash taxes [30][31] - CapEx was $253 million, down 40% year over year from $421 million [31] Business Line Data and Key Metrics Changes - Aviation service revenue increased approximately 12% year over year, with a total of 3,950 aircraft in service, up about 130 sequentially [25][32] - Defense and Advanced Technologies segment grew revenues almost 20% year over year, with awards up 49% and backlog up 26% [8][26] - Maritime revenue declined 8% due to legacy L band offerings and ARPU pressure [32][34] - Fixed broadband services revenue was down 6%, reflecting subscriber declines [32][34] Market Data and Key Metrics Changes - The aviation market saw a 13% year-over-year growth in aircraft in service, indicating strong demand [5][6] - Government SATCOM business grew revenue by 4%, driven by strong demand for connectivity [32][34] - The backlog was $3.5 billion, down $181 million due to the removal of the Energy Services System Integration backlog [28][32] Company Strategy and Development Direction - The company aims to sustain and enhance its strong positions in attractive and growing satellite services and technology markets [5][10] - Focus on reducing leverage and generating free cash flow as top priorities for capital allocation [17][18] - The company is targeting a return to growth in its maritime business in fiscal year 2026, supported by the rollout of Nexus Wave and the entry of ViaSat-3 flight two into service [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2025 guidance, with expectations for revenue to be flat to slightly up year over year and adjusted EBITDA growth in the mid-single digits [36][39] - The company is optimistic about the long-term growth opportunities in the satellite communications industry, emphasizing the importance of partnerships and cooperation in space [41] - Management acknowledged challenges in the U.S. fixed broadband business but remains focused on building earnings power in aviation and government SATCOM [24][39] Other Important Information - The company completed the sale of the Energy Services System Integration business, which generated approximately $50 million in annual revenue but had minimal strategic synergies [31][32] - The company is making steady progress on integrating capacity from multiple satellite operator partners to expand coverage and capacity [6][10] Q&A Session Summary Question: Update on Flight two and Flight three - Management confirmed that Flight two is planned for The Americas and Flight three for Asia Pacific, with flexibility in satellite locations based on customer demand [46][47] Question: Impact on in-flight connectivity contracts - Management indicated no impact on customer contracts due to the timing of Flight three [52] Question: Fiscal year 2026 revenue growth and EBITDA expectations - Management clarified that expectations for modest adjusted EBITDA growth in fiscal year 2026 are based on closer insights into the business [53] Question: Update on DAT asset sales - Management is focused on reducing debt and unlocking value in equity but did not comment on specific transactions [62] Question: Framework for spectrum monetization - Management is modeling different monetization options for spectrum and will make decisions based on public interest benefits and market conditions [65][66]

CARLSBAD, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT), a global leader in satellite communications, today published its third quarter fiscal year 2025 financial results in a letter to shareholders, which, along with webcast slides, is now posted to the Investor Relations section of Viasat's website. As previously announced, Viasat will host a conference call today, Thursday, February 6, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference a ...

Exhibit 99.2 Q3 FY25 Shareholder Letter Fellow shareholders, our Q3 fiscal year 2025 results are good and moderately better than expectations - and we remain on track for our full fiscal year guidance. Performance reflected a blend of good growth in our strongest target markets, transitions to enhanced value propositions in maritime, and expected declines in fixed broadband. We are also making steady progress in achieving capital synergies and operating cost efficiencies supporting earnings and driving cash ...

LONDON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- A.P. Moller - Maersk (Maersk), one of the world's largest containership operators, and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite communications services across Maersk's global fleet of approximately 340 container ships. The agreement will see bandwidth enhancements rolled out across Maersk's entire fleet of owned container ships between 2025 and 2026. These upgrades are part of Maersk's strategic roadmap to facilitat ...

Core Viewpoint - STARLUX Airlines has partnered with Viasat Inc. to enhance in-flight connectivity across its fleet, marking a significant step in providing premium passenger experiences in the Asia Pacific region [1][3][5]. Group 1: Partnership Details - The collaboration involves the phased rollout of Viasat's high-speed in-flight Wi-Fi service across STARLUX's entire active fleet of 48 aircraft, including Airbus A330-900s, A321neos, A350-900, and A350-1000 [2][4]. - Viasat's advanced connectivity system is based on the ViaSat-3 compatible GM-40 terminal solution, which is designed for high performance and multi-orbit readiness [2][3]. Group 2: Passenger Experience - STARLUX aims to provide an exceptional passenger Wi-Fi experience, allowing travelers to stream content, browse the internet, and stay connected during flights [4][5]. - The airline is recognized for its commitment to passenger comfort, operating the world's youngest fleet with an average age of 2.06 years [5]. Group 3: Operational Scope - Initially, Viasat-enabled aircraft will service major Asian transport hubs, including Taipei, Singapore, Jakarta, and Tokyo, among others [6]. - STARLUX operates a total of 26 routes from Taiwan to various international destinations, emphasizing luxury and safety in its service offerings [7]. Group 4: Company Background - STARLUX Airlines was founded with the philosophy that luxury travel should be accessible to everyone, not just the elite [7]. - Viasat is a global communications company focused on providing reliable and secure connectivity solutions across various sectors, including aviation [8].

Core Insights - STARLUX Airlines has partnered with Viasat Inc. to enhance in-flight connectivity across its entire fleet, marking a significant upgrade in passenger experience [1][3][5] Group 1: Partnership and Technology - The phased rollout of Viasat's high-speed in-flight Wi-Fi service will cover STARLUX's entire active fleet of 48 aircraft, including Airbus A330-900s, A321neos, A350-900, and A350-1000 [2] - Viasat's advanced connectivity system is based on the ViaSat-3 compatible and multi-orbit ready GM-40 terminal solution, which will be installed through factory installs and expedited retrofits [2][3] - STARLUX is one of the first airlines in the Asia Pacific region to adopt Viasat's cutting-edge in-flight connectivity solution, emphasizing its commitment to passenger-centric innovation [3] Group 2: Passenger Experience - With Viasat's high-capacity Ka-band satellite network, passengers will have the ability to stream movies, browse the internet, and stay connected through messaging apps while flying [4] - The partnership aims to create a refined connected experience that aligns with STARLUX's luxury travel philosophy, enhancing overall passenger comfort and well-being [5] Group 3: Operational Scope - Initially, Viasat-enabled aircraft will service major Asian transport hubs, including Taipei, Singapore, Jakarta, and Tokyo, among others [6] - STARLUX operates a total of 26 routes from Taiwan to various international destinations, focusing on providing a luxurious travel experience [7]

Viasat, Inc. (VSAT) is scheduled to report third-quarter fiscal 2025 results on Feb. 6, after the closing bell. The company missed earnings estimates in three of the trailing four quarters and surpassed once.See the Zacks  Earnings Calendar to stay ahead of market-making news.Despite healthy demand in the Defense and Advanced Technologies segment, Viasat’s revenue is expected to remain flat year over year in the third quarter of fiscal 2025, owing to weakness in the Communication Services segment.Factors a ...