Core Insights - Gogo Inc. reported total revenue of $223.6 million for Q3 2025, representing a 122% increase year-over-year, while service revenue reached $190.0 million, up 132% year-over-year [1][3][8] - The company experienced a net loss of $1.9 million, which included a $15 million pre-tax acquisition-related earn-out accrual [1][8] - Adjusted EBITDA was $56.2 million, reflecting a 61% increase compared to Q3 2024 [1][8] Financial Performance - Total revenue for Q3 2025 was $223.6 million, a 122% increase from Q3 2024, but a slight decrease of 1% from Q2 2025 [3][8] - Service revenue of $190.0 million increased by 132% year-over-year, while equipment revenue was $33.6 million, up 80% compared to Q3 2024 [3][8] - Year-to-date HDX equipment shipments exceeded 200 as of November 4, 2025, compared to 77 at the end of Q2 2025 [1][3] Operational Highlights - Gogo achieved an all-time record of 437 ATG quarterly equipment shipments in Q3 2025, an 8% increase sequentially [1][3] - The company is on track for the year-end 2025 launch of its new high-speed 5G Air-to-Ground network [1][5] - AVANCE units sold in Q3 totaled 208, a decrease of 3% compared to Q3 2024, while C-1 units sold increased by 78% compared to Q2 2025 [3][8] Market Position and Guidance - Gogo reiterated its 2025 financial guidance at the high end of the ranges for revenue, Adjusted EBITDA, and Free Cash Flow, expecting total revenue between $870 million and $910 million [2][6][7] - The company anticipates Free Cash Flow at the high end of the range of $60 million to $90 million, including $40 million for strategic investments in 2025 [9][10] - Gogo's AVANCE units comprised approximately 75% of total ATG aircraft online as of September 30, 2025, up from 62% a year earlier [3][8]

Core Insights - Gogo Inc. reported total revenue of $230.3 million for Q1 2025, representing a 121% increase year-over-year and a 67% increase compared to Q4 2024 [3][34] - Service revenue reached $198.6 million, up 143% year-over-year, while equipment revenue was $31.7 million, a 40% increase year-over-year [3][34] - The company achieved PMA approval for its larger LEO antenna, FDX, ahead of schedule, which is expected to enhance service revenue starting in Q1 2026 [5] Financial Performance - Net income for Q1 2025 was $12.0 million, compared to $30.5 million in Q1 2024 and a net loss of $28.2 million in Q4 2024 [3][22] - Adjusted EBITDA for Q1 2025 was $62.1 million, reflecting a 43% increase year-over-year and an 83% increase compared to Q4 2024 [3][37] - Free Cash Flow for Q1 2025 was $30.0 million, down from $32.1 million in the prior-year period but up from a negative $39.6 million in Q4 2024 [9][37] Operational Metrics - Total ATG AVANCE aircraft online grew to 4,716, a 15% increase year-over-year [3][31] - Average Monthly Connectivity Service Revenue per ATG aircraft online was $3,451, remaining flat compared to Q1 2024 [3][31] - The company shipped 59 HDX antennas year-to-date, with 38 HDX Supplemental Type Certificates under contract, targeting a total addressable market of nearly 32,000 aircraft [9][9] Strategic Outlook - Gogo reiterated its 2025 financial guidance, projecting total revenue between $870 million and $910 million and adjusted EBITDA between $200 million and $220 million [6][7] - The company anticipates Free Cash Flow in the range of $60 million to $90 million for 2025, with capital expenditures of approximately $60 million [7][39] - 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 [8]