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Wireless

Gogo revenue up 17% to USD 147.3 mln in Q3

Friday 4 November 2016 | 08:03 CET | News
Gogo reported revenue up 17 percent year-on-year in Q3 to USD 147.3 million. Service revenue increased to USD 129.1 million, up 20 percent from Q3 2015, driven by a 17 percent increase in commercial aircraft online to 2,885, a 20 percent increase in ATG business aircraft online to 3,974, and increased customer usage across all segments. Net loss increased to USD 33.3 million, up 15 percent from Q3 2015, and adjusted EBITDA increased to a record USD 15.2 million, up 57 percent from Q3 2015.

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Categories: Mobile & Wireless
Companies: Gogo
Countries: World
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