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Broadband

Gogo reduces losses, capex in Q2 as revenue grows 32%

Wednesday 8 August 2018 | 13:13 CET | News
Gogo reported an improvement in second-quarter results, while maintaining its full-year outlook issued in a profit warning in July. For Q2, revenues rose nearly 32 percent to USD 227.5 million, and adjusted EBITDA was up 90 percent year-on-year to USD 18.9 million. Gogo said it was starting to see the benefits of its new strategy, with falling costs and strong results from its Business Aviation (BA) segment. 

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Categories: Internet / Broadcast & Satellite
Companies: Gogo
Countries: United States
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