Gogo hits record EBITDA in Q4, helped by 16% higher sales

Monday 27 February 2017 | 17:08 CET | News
Gogo said fourth quarter revenues lifted 16 percent from the year before to USD 160.0 million. Service revenue rose 20 percent, driven by a 14 percent increase in commercial aircraft online to 2,943, and a 20 percent increase in ATG business aircraft online to 4,172, plus increased customer usage across all segments. The net loss narrowed to USD 26.9 million from a loss the year earlier of 33.9 million, while the adjusted EBITDA leaped 187 percent to a record 23.1 million. Capex went higher to USD 48.2 million from 35.4 million in Q4, while cash, cash equivalents and short-term investments

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Gogo quarterly loss widens on upfront costs for new services

Published 07 Aug 2017 15:21 CET | World
Gogo announced a bigger loss for the second quarter, due to costs for starting up its new 2Ku in-flight broadband service and ...

Gogo grows net loss despite record revenues in Q1

Published 04 May 2017 17:30 CET | World
Gogo reported record revenues of USD 165 million in the first quarter, up 17 percent from the year before. Service revenue ...

Gogo ziet verlies oplopen in Q1 bij hogere omzet

Published 04 May 2017 13:35 CET | World
De Amerikaanse leverancier van in-flight connectiviteit Gogo heeft over het eerste kwartaal van dit jaar een omzet gerealiseerd ...

Rowan to join Gogo as CFO

Published 24 Apr 2017 12:43 CET | World
Gogo named Barry Rowan as an EVP and CFO. Rowan will assume the position of CFO on 4 May following the company's first-quarter ...

Calendar   /   Industry Events

28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan MTN Nigeria Q4 2021
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
31 Jan KPN Q4 2021
31 Jan NEC fiscal Q3
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan Harmonic Q4
01 Feb Tele2 Q4
01 Feb Vantage Towers fiscal Q3
01 Feb Vodacom fiscal Q3
01 Feb A10 Networks Q4
01 Feb EA fiscal Q3
01 Feb Alphabet Q4 2021
01 Feb Tele2 Q4 2021
01 Feb AudioCodes Q4 2021
02 Feb Softbank fiscal Q3
02 Feb Meta Q4 2021
02 Feb Spotify Q4 2021
02 Feb Maxlinear Q4 2021
02 Feb Cognizant Q4 2021
02 Feb 8x8 Q3
02 Feb Aviat Networks fiscal Q2
02 Feb Sony fiscal Q2
02 Feb Netgear Q4 2021
02 Feb Qorvo fiscal Q3
02 Feb T-Mobile US Q4
02 Feb A10 Networks Investor Day
::: More Calendar Items