Operational EBITDA Growth
Operational EBITDA increased by 10% in the third quarter to $136.6 million, driven by revenue from recurring services and engineering support.
Service Revenue Increase
Commercial service revenue rose by 4% to $138.3 million, with growth in commercial IoT, PNT, and voice and data.
Strong Cash Flow Projections
Iridium expects to generate $1.5 billion to $1.8 billion in cash flows from 2026 through 2030.
New Partnerships and Growth
Iridium signed over 70 new technology and distribution partners to its ecosystem since the beginning of the year.
Positive Developments in PNT
Hosting and other data services revenue increased by 14% to $18.7 million, highlighting an increase in PNT services.