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Viasat reduces loss as Q4 revenues grow 6%

Wednesday 27 May 2020 | 09:32 CET | News
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Viasat reported revenues for its fiscal fourth quarter to March up 6 percent year-on-year to USD 592 million, and adjusted EBITDA rose 11 percent to USD 120 million. While the company sees the in-flight connectivity market slowing in the new year due to reduced air travel, its satellite services and commercial networks units continued to grow in the past quarter, with new contracts up respectively 11 and 30 percent. The government business was stable, with some contracts delayed as organisations adjusted to working from home. 

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