Click Here to View This Page on Production Frontend
Click Here to Export Node Content
Click Here to View Printer-Friendly Version (Raw Backend)
Note: front-end display has links to styled print versions.
Content Node ID: 429089
In its third-quarter 2025 financial results, Gogo’s total revenue dropped 1% compared to the second quarter 2025 but rose 122% compared to the third quarter of 2024, with last December’s acquisition of Satcom Direct adding $121.8 million in the third quarter. Total revenue for the third quarter was $223.6 million, which was up 122% year over year (YOY).
A bright spot in the third quarter was a climb in equipment revenue, up 5% compared to the second quarter and up 80% YOY. Year-to-date shipments of the Gogo Galileo low-earth-orbit HDX satcom system grew from 77 at the end of the second quarter to more than 200 as of November 4.
The third quarter recorded a drop in the sale of Avance air-to-ground (ATG) units, to 208, down 3% YOY and down 25% compared to the second quarter. However, sales of Gogo’s C-1 box that enables Classic ATG customers to continue using their systems on the new LTE network jumped to 229 units in the third quarter, up 78% from the second quarter. Classic ATG will no longer work when it is shut off in May 2026.
The total number of aircraft equipped with Avance L3 and L5 ATG rose 12% YOY and 2% compared to the second quarter. Total ATG-equipped aircraft systems dropped 7% YOY, to 6,529 aircraft, a decrease of 3% compared to the second quarter of this year.
Connectivity service revenue also declined per ATG aircraft. In the third quarter, it was $3,407, down 3% YOY and 1% compared to the second quarter of 2025. On the geostationary satcom side of Gogo’s business, which it gained from the purchase of Satcom Direct, aircraft online grew to 1,343, up 14% compared to Sept. 30, 2024, and up 2% compared to June 30, 2025.
Gogo’s net income for the third quarter of 2025 was negative $1.9 million, “which includes a $15 million pre-tax accrual for an earn-out adjustment related to the acquisition of Satcom Direct. Net income in Q3 2024 and Q2 2025 was $10.6 million and $12.8 million, respectively.”
The company’s adjusted EBITDA reached $56.2 million, up 61% YOY and down 9% compared to the second quarter. This includes “approximately $1.6 million of operating expenses related to Gogo Galileo and 5G, and excludes $2.9 million of acquisition and integration-related costs related to the Satcom Direct acquisition. Net cash provided by operating activities was $46.8 million in Q3 2025, up from $25.1 million in Q3 2024 and $36.7 million in Q2 2025.”