Gogo sees FY25 revenue at high end of $870M-$910M, consensus $904.4M

Gogo (GOGO) is updating its 2025 financial guidance compared to that provided on the first quarter 2025 earnings call, increasing certain of its guidance. This guidance includes the potential impact of the current tariffs and tariff proposals. Total revenue at the high end of the previously guided range of $870 million to $910 million. Adjusted EBITDA at the high end of the previously guided range of $200 million to $220 million, which includes operating expenses of approximately $20 million for strategic and operational initiatives, including Gogo 5G and Gogo Galileo, versus prior guidance of $25 million. Free Cash Flow at the high end of the previously guided range of $60 million to $90 million, which includes $60 million of strategic initiatives, net of reimbursements tied to the FCC Reimbursement Program, versus prior guidance of $70 million. Net capital expenditures of $40 million, consistent with prior guidance. This assumes $50 million in reimbursement from the FCC Reimbursement Program versus prior expectations for reimbursement of $20 million. Gross capital expenditures of $90 million versus prior guidance of $60 million including $75 million in strategic investments for Gogo 5G, Gogo Galileo and the LTE network build, versus prior guidance of $45 million.