Gogo (GOGO) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus

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Go back to Gogo (GOGO) Reports In-Line Q4 EPS, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus

Gogo Announces Fourth Quarter and Full-Year 2018 Financial Results

February 21, 2019 6:30 AM EST

CHICAGO, Feb. 21, 2019 /PRNewswire/ -- Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced its financial results for the quarter ended December 31, 2018.

Fourth Quarter 2018 Consolidated Financial Results

Consolidated revenue increased to $217.2 million.   Service revenue of $160 million declined 2% from Q4 2017, primarily related to the de-installations of American Airlines ATG aircraft, totaling 375 at the end of 2018, and the change in business terms associated with their transition to an airline-directed business model.  Hereinafter, we refer to these items as the... More