Gogo (NASDAQ: GOGO) reported Q1 EPS of $0.09, $0.06 better than the analyst estimate of $0.03. Revenue for the quarter came in at $230.5 million versus the consensus estimate of $214.45 million.

• Diluted earnings per share was $0.09 for Q1 2025, which includes $0.09 attributable to Satcom Direct acquisition expenses and intangible asset amortization, compared to $0.23 in Q1 2024, of which approximately $0.07 is attributable to an unrealized gain from an investment in a convertible note.

GUIDANCE:

Gogo sees FY2025 revenue of $870-910 million.

Gogo reiterates its 2025 financial guidance provided in March. These figures include the potential impact of the current tariffs and tariff proposals.

Total revenue in the range of $870 million to $910 million.

Adjusted EBITDA(1) in the range of $200 million to $220 million, reflecting operating expenses of approximately $25 million for strategic and operational initiatives, including Gogo 5G and Gogo Galileo.

Free Cash Flow(1) in the range of $60 million to $90 million, including $70 million of strategic initiatives, net of reimbursements tied to the FCC Reimbursement Program.

Capital expenditures of approximately $60 million, including $45 million for strategic initiatives including Gogo 5G, Gogo Galileo and the LTE network build, and excluding $20 million in capex reimbursement from the FCC Reimbursement Program.

For earnings history and earnings-related data on Gogo (GOGO) click here.