Viasat (VSAT) Q4 2025 Earnings Call May 20, 2025 05:30 PM ET Company Participants Lisa Curran - SVP - Strategic Finance & IRMark Dankberg - CO-Founder, Chairman & CEOGary Chase - CFORic Prentiss - Managing DirectorColin Canfield - DirectorJustin Lang - VP - Aerospace & Defense Equity Research Conference Call Participants Sebastiano Petti - Senior Research AnalystEdison Yu - AnalystNone - AnalystLouie Dipalma - Research Analyst Operator Please standby, your program is about to begin. My name is Franz, and I ...

Financial Data and Key Metrics Changes - In Q4, the company reported revenue of $1.15 billion, GAAP net income of $246 million, and adjusted EBITDA of $375 million, reflecting a 32.7% adjusted EBITDA margin [19] - For fiscal year 2025, total revenue was $4.5 billion, with a GAAP net loss of $575 million and adjusted EBITDA of $1.55 billion, representing a 34.2% adjusted EBITDA margin, which grew 4% year-over-year [23][24] - The company generated over $900 million in operating cash flow, marking more than 30% growth from fiscal year 2024 [28] Business Line Data and Key Metrics Changes - Communications services revenue declined by 4%, primarily due to a drop in fixed services, while government SATCOM and aviation service revenue showed strength [20][21] - The commercial aviation business grew, with service aircraft increasing by 10% to 4,030, and backlog up 18% to 1,600 [20] - Government SATCOM revenue increased by 16%, while maritime revenue decreased by 8% as expected [21] Market Data and Key Metrics Changes - The company is experiencing challenges in U.S. fixed broadband revenue due to capacity constraints, with fixed services and other revenue down 19% year-over-year [22] - The DAT business saw revenue growth of 11% for the quarter and 17% for the year, including a one-time revenue impact of $95 million from a legal settlement [22] Company Strategy and Development Direction - The company aims to reduce capital and operating costs for mobile satellite services and enhance government maritime and aeronautical safety services [9] - A focus on integrating ViaSat-three satellites into the global network is expected to improve user experience and network efficiency [6] - The company is pursuing a strategic review of its Defense and Advanced Technology segment to enhance value and competitiveness [44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sustained free cash flow generation by the second half of fiscal year 2026, despite facing macroeconomic headwinds [27] - The company anticipates modest revenue growth in fiscal year 2026, with flattish adjusted EBITDA expected to be within 1% of the previous year [24][25] - Management highlighted the importance of launching flights two and three of the ViaSat-three constellation to support future growth [27] Other Important Information - The company is actively addressing its debt structure, with plans to use available cash to redeem near-term maturities and leverage momentum for long-term debt management [35] - The company has a healthy backlog and is focused on capital efficiency to reduce capital intensity in its business model [28] Q&A Session Summary Question: Update on the strategic review process for the Defense and Advanced Technology segment - The strategic review is ongoing, with the business performing well and evaluations of future cash flows being conducted [43] Question: Confidence in the satellite launch schedule for Flight 2 - Management is optimistic about the schedule, with corrective actions nearing completion and the satellite expected to be delivered to the launch site this summer [45] Question: Timeline and magnitude regarding Legato litigation - The company is owed over $500 million, and while specifics are difficult to disclose, the public record provides insights into the ongoing litigation [52] Question: Competitive landscape for in-flight connectivity solutions - The company emphasizes performance metrics for both narrow and wide-body aircraft, asserting that their service meets customer expectations [60] Question: Long-term vision for the company - The focus is on growth, with an emphasis on delivering high-quality service and maintaining competitive pricing in mobility markets [66]

ViaSat (VSAT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -166.67%. A quarter ago, it was expected that this provider of satellite and wireless networking technology would post a loss of $0.91 per share when it actually produced a loss of $1.23, delivering a surprise of -35.16%.Over the last four q ...

Q4 FY2025 Earnings Results May 20, 2025 40+ years Enduring value 76 Countries around the world $4.5B FY25 Revenue 23 Operational satellites in space ~7K Global employees 8 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, ...

Exhibit 99.2 Q4 FY25 Shareholder Letter our fiscal year 2025 (FY2025) was a pivotal year in creating the foundation for multi-year accelerated growth and sustained cash flow through increasing earnings and decreasing capital intensity. We are pleased with our operational performance and the accomplishments of our team towards the strategic goals we set for the vear. Of course, we can still improve by judiciously integrating LEO networks to both further optimize latency-sensitive traffic and improve economic ...

CARLSBAD, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today published its fourth quarter and 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, Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. The dial in numbers for the conference a ...

Satellite and telecom equipment specialist Viasat's (VSAT 7.75%) stock was ascending sharply this week, thanks to its involvement with a top name in private-sector space exploration. By the time the stock market had closed shop on Thursday, Viasat's share price had risen by 17%, according to data compiled by S&P Global Market Intelligence.A future colored BlueWednesday morning, Viasat announced that it will team with Blue Origin to demonstrate the former company's InRange launch telemetry relay service. On ...

Core Viewpoint - Viasat, Inc. is collaborating with Blue Origin to demonstrate its InRange launch telemetry relay service, which aims to enhance launch communication capabilities and support NASA's transition to commercial satellite communications solutions [1][4]. Group 1: Collaboration and Technology - Viasat is partnering with Blue Origin to showcase its InRange launch telemetry relay service using the Glenn rocket [1]. - The InRange solution is designed to provide continuous relay connections between launch vehicles and ground systems via Viasat's global L-band satellite network, enabling real-time data transmission during flight [3]. - This technology addresses limitations of traditional ground-based telemetry systems, which require direct line of sight and can lead to communication gaps during launches [2][3]. Group 2: Strategic Alignment with NASA - The partnership aligns with NASA's Communications Services Project, which seeks to develop commercial alternatives to the existing Tracking and Data Relay Satellite (TDRS) system [4]. - Viasat's efforts will support NASA's Launch Services Program, which has historically managed telemetry data reception and distribution [4]. Group 3: Future Launch Plans - Viasat's Space and Mission Systems team will collaborate with Blue Origin on two planned launches using the New Glenn vehicle, with the first launch expected later this year [5]. - The second mission, a full demonstration of the InRange service, is currently scheduled for 2026 [5]. Group 4: Market Position and Financial Outlook - Viasat has faced soft demand trends in some markets and intense competition in its communication service business [6]. - As NASA phases out the TDRS system, the demand for commercial alternatives is expected to rise, potentially providing Viasat with a competitive edge and leading to increased revenues [7]. - Viasat's stock has declined by 41.6% over the past year, contrasting with the industry's growth of 42.2% [8].

CARLSBAD, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced it will release its fourth quarter and fiscal year 2025 financial results on Tuesday, May 20, 2025 after the market closes, via a letter to shareholders posted to the Investor Relations section of its website. The Company will also host a conference call and webcast on Tuesday, May 20, 2025 at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time. To participate on the live ...

ViaSat (VSAT) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move l ...