Overview

* Iridium Q3 2025 revenue grows 7%, beating analyst expectations

* Net income for Q3 2025 rises significantly from the previous year

* Adjusted EBITDA for Q3 2025 increases 10% year-over-year

Outlook

* Iridium revises 2025 service revenue growth to approximately 3%

* Iridium raises 2025 OEBITDA guidance to $495 mln-$500 mln

* Iridium expects cash taxes under $10 mln annually through 2027

Result Drivers

* MISSION-CRITICAL FOCUS - Iridium's emphasis on mission-critical communications and safety services in government and regulated industries drove financial performance, per CEO Matt Desch

* COMMERCIAL IOT GROWTH - Commercial IoT data revenue rose 7%, driven by a 5% increase in subscribers

* ENGINEERING AND SUPPORT - 31% increase in engineering and support revenue attributed to heightened U.S. government activity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $226.93 $220.35

Revenue mln mln (8

Analysts

)

Q3 Net $37.12

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "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 Iridium Communications Inc ( IRDM ) is $34.00, about 44.2% above its October 21 closing price of $18.98

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 25 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.)