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Wireless

Gogo improves FY EBITDA outlook after 63% growth in Q3

Tuesday 6 November 2018 | 15:24 CET | News
In-flight connectivity provider Gogo has raised its full-year EBITDA outlook after reporting year-on-year improvement in its third-quarter results. Revenues rose 25.7 percent to USD 217.3 million, supported by 5 percent growth in service revenue and a big jump in equipment revenue thanks to new accounting standards. The adjusted EBITDA increased 63 percent to USD 21.1 million, and the net loss reduced to USD 37.7 million from USD 45.3 million a year ago. 

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Categories: Mobile & Wireless
Companies: Gogo
Countries: World
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