Gogo Inc. Reports Strong Revenue Growth Amid Acquisition

Gogo Inc ( (GOGO) ) has released its Q4 earnings. Here is a breakdown of the information Gogo Inc presented to its investors.

Gogo Inc. is a leading global provider of broadband connectivity services for business and military/government mobility aviation markets, known for its innovative multi-orbit, multi-band in-flight connectivity technology. In its latest earnings report, Gogo Inc. announced a significant increase in total revenue for the fourth quarter of 2024, reaching $137.8 million, a 41% rise year-over-year. However, the company reported a net loss of $28.2 million for the quarter, largely due to acquisition-related expenses. The acquisition of Satcom Direct contributed $40.2 million to the fourth quarter’s revenue, marking a strategic expansion for Gogo Inc. Key financial metrics highlighted in the report include a 47% increase in service revenue and a 12% rise in equipment revenue compared to the previous year. The company’s adjusted EBITDA was $34.0 million, reflecting a slight decrease from the prior year, attributed to operating expenses related to new strategic initiatives. Looking ahead, Gogo Inc. remains optimistic about its growth prospects, with management expecting to achieve significant synergies from the Satcom Direct acquisition and forecasting total revenue between $870 million to $910 million for 2025.