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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

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Categories: Mobile & Wireless
Countries: World
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