Gogo (GOGO) Company Report

Gogo Inc. reported total revenue of $223.6 million for Q3 2025, marking a 122% increase year-over-year, with service revenue rising 132% to $190.0 million. The acquisition of Satcom Direct contributed $121.8 million to Q3 2025 revenue.
The company posted a net loss of $1.9 million for Q3 2025, which includes a $15 million pre-tax acquisition-related earn-out accrual. Adjusted EBITDA reached $56.2 million, an increase of 61% year-over-year.
Gogo reiterated its 2025 financial guidance at the high end of the previously provided ranges, including total revenue of $870 million to $910 million, Adjusted EBITDA of $200 million to $220 million, and Free Cash Flow of $60 million to $90 million.
Operationally, Gogo is on track for a year-end 2025 network launch of its new high-speed 5G Air-to-Ground (ATG) network and achieved an all-time record of 437 ATG quarterly equipment shipments.

Nov 6, 2025, 9:09 PM

8-K

Gogo Reports Q3 2025 Results, Reiterates Full-Year Guidance, and Details New Product Progress

GOGO

Earnings

Guidance Update

Product Launch

Gogo reported Q3 2025 total revenue of $224 million and adjusted EBITDA of $56.2 million, generating $31 million in free cash flow. The company reiterated the high end of its 2025 financial guidance for revenue, adjusted EBITDA, and free cash flow.
The company is on track for a Q4 2025 launch of its 5G network, with flight testing exceeding expectations and shipments to pre-provisioned customers beginning in early Q1 2026.
Significant progress was made on Galileo, with the pipeline for HDX and FDX reaching approximately 1,000 aircraft. VistaJet announced plans to deploy HDX and FDX across its 270-aircraft fleet, and FDX will be a LEO line fit option for new Bombardier Challenger and Global business aircraft.
Gogo secured new contracts in the MilGov end market, including a five-year federal contract for 5G, LEO, and GO services, and a $33 million blanket purchase agreement with SES Space & Defense. MilGov revenue is expected to grow from 13% to 20% of total revenue long-term.
Total ATG aircraft online declined to 6,529, but Advanced AOL grew 12% year-over-year to 4,890, now representing 75% of the ATG fleet. Record 437 ATG equipment units were shipped in Q3, including 229 C1 units, accelerating upgrades ahead of the May 2026 LTE network cutover.

Nov 6, 2025, 1:30 PM

Transcript

Gogo begins flight testing next-generation 5G ATG connectivity

GOGO

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Gogo has commenced flight testing its next-generation 5G air-to-ground (ATG) connectivity network for North American customers, utilizing a Pilatus PC-24 trials platform.
The comprehensive test and validation program is expected to take 40 to 50 hours of flight time over several weeks to validate critical inflight connectivity use cases.
Gogo anticipates achieving full service activation before the end of 2025, which is projected to trigger client activation and revenue generation in Q1 of 2026.
The new 5G service is designed to deliver speeds of up to 80Mbps for business and military aircraft, with approximately 400 aircraft already pre-provisioned.

Nov 3, 2025, 12:00 PM

Press Release

Gogo's SD Government Secures Five-Year Federal Contract

GOGO

New Projects/Investments

Gogo's SD Government (SDG) division has been awarded a five-year federal contract to provide multi-band, multi-orbit airborne global satellite communications to a US government agency.
The agreement, initially valued at USD$3 million, is a follow-on from prior Small Business Innovation Research (SBIR) Phase III activity.
Awarded as a sole-source contract, it will consolidate all aero communications for the agency's fleet over the next five years, aiming to reduce procurement time and complexity.
This contract marks the first SDG government contract to optimize the company’s integrated multi-orbit, multi-band, multi-network capabilities.

Oct 27, 2025, 11:00 AM

Press Release

Gogo Receives First FAA STC for Galileo FDX Terminal

GOGO

Product Launch

New Projects/Investments

Gogo has received the first Supplemental Type Certificate (STC) from the Federal Aviation Administration (FAA) for its Gogo Galileo FDX terminal, marking a major milestone for its multi-orbit, multi-band connectivity solution.
The STC, generated by ALOFT AeroArchitects, initially covers Boeing 737NG-based BBJ1, BBJ2, and BBJ MAX models, with an initial installation already completed on an undisclosed customer's Boeing BBJ 737-700IGW.
The FDX terminal leverages the Eutelsat OneWeb low-earth orbit (LEO) satellite constellation to provide global, high-speed broadband with up to 195Mbps download and 32Mbps upload speeds, optimized for business aviation.

Oct 6, 2025, 11:00 AM

Press Release

Gogo Inc. Reports Strong Q2 2025 Results and Raises Full-Year Guidance

GOGO

Earnings

Guidance Update

Product Launch

Gogo reported strong Q2 2025 financial results, with total revenue of $226 million and adjusted EBITDA of $61.7 million, leading to an increase in their 2025 financial guidance for revenue, adjusted EBITDA, and free cash flow to the high end of previously guided ranges.
The company is progressing with key product initiatives, including the Gogo 5G launch expected in Q4 2025 with over 300 aircraft pre-provisioned, and continued development and shipments of Gogo Galileo HDX and SDX units.
Synergies from the SATCOM Direct merger are ahead of schedule, with anticipated run rate synergies now expected to be between $30 million and $35 million, up from prior estimates.
Gogo is leveraging the FCC rip and replace program, which provides a $35,000 incentive for C1 installations, to support upgrades to its LTE network and has received $53.4 million in grant funding to date.

Aug 8, 2025, 12:00 AM

Gogo Completes First 5G End-to-End Aviation Call

GOGO

New Projects/Investments

Gogo successfully completed the first 5G end-to-end call using GCT Semiconductor’s chip, validating high-speed air-to-ground connectivity and readiness for final integration .
The rollout is supported by a network of 170 5G towers across the U.S. and parts of Canada, ensuring robust coverage for aviation connectivity .
Over 300 aircraft are pre-provisioned for 5G service, with installation on CONUS aircraft taking approximately two weeks, potentially causing brief downtime during deployment .
The initiative includes FAA-approved equipment, notably the AVANCE LX5 LRU, streamlining the installation process .
Analysts at Roth Capital and William Blair maintain Outperform ratings with price targets near $16.50, signaling optimism for post-2026 growth .

Jun 18, 2025, 12:00 AM

Morningstar 8-K

Gogo Announces Q1 2025 Results

GOGO

Earnings

Revenue Acceleration/Inflection

M&A

Gogo reported total revenue of $230.3 million (up 121% YoY) and service revenue of $198.6 million (up 143% YoY), reflecting robust growth.
The company achieved a net income of $12.0 million and Adjusted EBITDA of $62.1 million during Q1 2025.
The successful integration of the Satcom Direct acquisition was highlighted by its contribution of $129.0 million in revenue for the quarter.
Key product milestones include FAA PMA approval for the new FDX antenna and progress in HDX shipments, underscoring operational achievements.

May 9, 2025, 12:00 AM

8-K

Gogo Reports Q4 2024 Performance, Strategic Acquisition & Integration

GOGO

Earnings

M&A

Guidance Update

Product Launch

Gogo Inc. reported Q4 2024 total revenue of $137.8 million—a 41% year-over-year increase—with service revenue of $119 million .
The quarter recorded a net loss of $28.2 million and Adjusted EBITDA of $34.0 million, reflecting significant transaction-related expenses .
Strategic initiatives include closing the Satcom Direct acquisition on December 3, 2024 and receiving FAA PMA for the Galileo HDX antenna , while progress on a 5G product launch with shipments and early revenue is expected in Q4 .
Forward guidance for 2025 projects revenue of $870–910 million, Adjusted EBITDA of $200–220 million, and free cash flow of $60–90 million, underscoring ongoing synergy realization and strategic investments .

Mar 14, 2025, 12:00 AM

Transcript 8-K

Earnings Transcripts

Quarterly earnings call transcripts for Gogo.

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