Overview

* Gogo Q3 2025 revenue grows 122% yr/yr, slightly beating analyst expectations

* Net loss of $1.9 mln includes $15 mln acquisition-related earn-out accrual

* Company reiterates 2025 financial guidance at high end for revenue and adjusted EBITDA

Outlook

* Gogo ( GOGO ) reiterates 2025 revenue guidance at high end of $870 mln to $910 mln

* Company expects 2025 Adjusted EBITDA at high end of $200 mln to $220 mln

* Gogo ( GOGO ) plans year-end 2025 launch of 5G Air-to-Ground network

Result Drivers

* SATCOM DIRECT ACQUISITION - Acquisition contributed $121.8 mln to Q3 revenue

* RECORD ATG SHIPMENTS - Achieved all-time record of 437 ATG equipment shipments

* HDX ANTENNA SHIPMENTS - Over 200 HDX antenna shipments year-to-date, up from 77 in Q2

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $223.60 $222.80

Revenue Beat* mln mln (4

Analysts

)

Q3 Net -$1.90

Income mln

Q3 $56.20

Adjusted mln

EBITDA

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the wireless telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Gogo Inc ( GOGO ) is $16.25, about 46.1% above its November 5 closing price of $8.76

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)