Aircraft Connectivity Service
Search documents
Gogo (GOGO) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-09 14:30
Core Insights - Gogo reported a revenue of $230.31 million for the quarter ended March 2025, marking a significant increase of 120.8% year-over-year, and an EPS of $0.18, up from $0.16 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $214.48 million by 7.38%, while the EPS surpassed the consensus estimate of $0.05 by 260% [1] Financial Performance - Gogo's service revenue reached $198.61 million, exceeding the average estimate of $191.73 million by four analysts, representing a year-over-year increase of 143.2% [4] - Equipment revenue was reported at $31.70 million, surpassing the average estimate of $22.77 million by four analysts, with a year-over-year growth of 39.9% [4] - The total number of aircraft online for Gogo's ATG service was 6,902, slightly below the estimated 7,016 by three analysts [4] Market Performance - Gogo's shares have returned +6.5% over the past month, compared to a +13.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Gogo (GOGO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-03-14 14:30
Core Insights - Gogo reported a revenue of $137.8 million for the quarter ended December 2024, marking a 40.9% increase year-over-year, and an EPS of $0.07, down from $0.11 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $98 million by 40.62%, and the EPS surpassed the consensus estimate of $0.04 by 75% [1] Financial Performance Metrics - Gogo's total aircraft online reached 7,059, exceeding the average estimate of 6,972 by two analysts [4] - The company sold 208 units in Business Aviation - ATG, compared to the average estimate of 183 [4] - Average monthly connectivity service revenue per aircraft online was $3,500, slightly below the average estimate of $3,509.78 [4] - Service revenue was reported at $118.81 million, significantly higher than the average estimate of $81.02 million, reflecting a year-over-year increase of 46.9% [4] - Equipment revenue stood at $18.99 million, surpassing the average estimate of $16.58 million, with a year-over-year change of 12.3% [4] Stock Performance - Gogo's shares have declined by 19.4% over the past month, while the Zacks S&P 500 composite decreased by 9.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]