Successful 5G Development Milestone
Completed the initial end-to-end call using the Gogo 5G chip, with a launch expected in Q4 2025.
Increase in Free Cash Flow
Free cash flow exceeded internal forecasts and consensus expectations, driven by high gross profit due to record equipment revenue.
Record Equipment Sales
Set a record for ATG shipments in Q2 with 405 units, including 276 AVANCE and 129 C1 units.
Positive Developments in HDX and FDX
Shipped 77 HDX units year-to-date and completed 8 HDX STCs, covering 10 aircraft types. Shipped first 3 FDX units.
Strong Performance in GEO Broadband
GEO products and aircraft online grew by 15% year-over-year, with 1,321 aircraft connected to Gogo.
Significant Synergy Progress
Achieved run rate synergies in the $30 million to $35 million range, up from the prior $25 million to $30 million estimate.
Increased 2025 Financial Guidance
Raised key elements of 2025 financial guidance, including revenue and adjusted EBITDA at the high end of previously guided ranges.