Core Insights - Gogo Inc. reported total revenue of $226.0 million for Q2 2025, representing a 121% increase year-over-year, while service revenue reached $194.0 million, up 137% year-over-year [3][6][36] - The company achieved a net income of $12.8 million, significantly higher than $0.8 million in Q2 2024, and an adjusted EBITDA of $61.7 million, up 103% year-over-year [3][6][36] - Gogo is increasing its 2025 financial guidance, anticipating total revenue at the high end of the previously guided range of $870 million to $910 million [7][8] Financial Performance - Total revenue for Q2 2025 was $226.0 million, a 121% increase compared to Q2 2024, but a 2% decrease from Q1 2025 [3][36] - Service revenue was $194.0 million, up 137% year-over-year, while equipment revenue was $32.1 million, a 59% increase compared to Q2 2024 [3][36] - Net cash provided by operating activities was $36.7 million in Q2 2025, up from $24.9 million in Q2 2024 [3][4] Operational Highlights - The number of AVANCE ATG aircraft online grew to 4,791, a 14% increase year-over-year [3][33] - Average monthly connectivity service revenue per ATG aircraft online was $3,445, relatively flat compared to Q2 2024 [3][33] - Gogo reiterated the anticipated Q4 2025 launch timing for its 5G service [6][13] Strategic Developments - The acquisition of Satcom Direct contributed $122.8 million in revenue for Q2 2025, compared to $121.9 million as a standalone company in Q2 2024 [3][6] - The company appointed General (Retired) Mike Minihan to its board of directors, effective July 2, 2025, enhancing its strategic leadership [13] - Gogo plans to provide longer-term financial targets later in 2025, with preliminary targets indicating 10% revenue growth and adjusted EBITDA margins in the mid-20s [11]