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Viasat lifts adjusted EBITDA on cost reductions, record backlog in Q1

Friday 7 August 2020 | 11:44 CET | News
Viasat said the covid-19 pandemic hit results for its fiscal first quarter to end June, causing a steep decline in commercial air traffic. Nevertheless, thanks to cost reductions and a focus on resources on strategic long-term opportunities, revenues fell only 1 percent, the adjusted EBITDA went 8 percent higher and the backlog hit record highs. The company said it continued also to make solid progress on its ViaSat 3-global constellation amid the productivity challenges caused by the pandemic.

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Categories: Internet / Broadcast & Satellite
Companies: ViaSat
Countries: United States / World
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