Compared to Estimates, Iridium (IRDM) Q1 Earnings: A Look at Key Metrics

Core Insights - Iridium Communications (IRDM) reported revenue of $214.88 million for Q1 2025, a 5.4% year-over-year increase, with an EPS of $0.27 compared to $0.16 a year ago, exceeding Zacks Consensus Estimate of $212.87 million by 0.94% and delivering an EPS surprise of 22.73% [1] Financial Performance - Revenue from subscriber equipment was $23.12 million, slightly below the average estimate of $23.30 million, representing a year-over-year decline of 7% [4] - Service revenue totaled $154.29 million, compared to the average estimate of $157.90 million, reflecting a year-over-year increase of 3.9% [4] - Engineering and support service revenue reached $37.47 million, surpassing the average estimate of $31.79 million, with a year-over-year increase of 23.2% [4] Subscriber Metrics - Total net billable subscriber additions were -16 thousand, compared to the average estimate of 14.93 thousand [4] - Average Revenue Per User (ARPU) for commercial voice and data was $45, matching the average estimate, while ARPU for IoT data was $7.75, also in line with estimates [4] - ARPU for commercial broadband was $261, below the average estimate of $273.17 [4] Market Performance - Iridium's shares have returned -17.7% over the past month, compared to the Zacks S&P 500 composite's -8.9% change, with a Zacks Rank of 2 (Buy), indicating potential for outperformance in the near term [3]