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Gogo Q2 sales slide 6% but FY EBITDA outlook raised on lower opex

Thursday 8 August 2019 | 15:30 CET | News
In-flight connectivity provider Gogo reported second-quarter sales of USD 213.6 milion, down 6 percent from a year earlier as a decline in revenue from equipment offset growth from services. Operating profit was USD 9.7 million, swinging from a year-earlier loss of USD 7.5 million, and the company raised its outlook for full-year adjusted EBITDA, reflecting lower operating expenses.

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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: Gogo
Countries: World
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