Gogo revenues up 22% to USD 147.5 mln in Q2

Thursday 4 August 2016 | 15:53 CET | News
Gogo saw its revenues for the quarter ended 30 June increase 22 percent year-on-year to USD 147.5 million. Service revenue increased to USD 127.6 million, up 26 percent from USD 101.4 million in Q2 2015. Net loss widened to USD 40.2 million (USD 0.51 per share) from USD 24.8 million in Q2 2015 (USD 0.32per share), driven by a USD 15.4 million (USD 0.20per share) charge for the extinguishment of debt. Adjusted EBITDA increased to USD 14.4 million, up 33 percent from USD 10.8 million in Q2 2015. Approximately 600 new 2Ku aircraft were awarded, bringing total 2Ku aircraft awards to more than

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Categories: Mobile & Wireless
Companies: Gogo
Countries: World
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