Gogo Inc. reported significant financial growth in its latest quarterly results, driven largely by the acquisition of Satcom Direct. For the three months ending September 30, 2025, the company generated total revenue of $223.6 million, a 122.4% increase from $100.5 million in the same period last year. Service revenue surged to $190.0 million, up 132.1% year-over-year, while equipment revenue rose by 80.1% to $33.6 million. For the nine-month period, total revenue reached $679.9 million, compared to $306.9 million in the prior year, with service revenue increasing by 137.3% and equipment revenue by 58.5%.
Despite the revenue growth, Gogo reported a net loss of $1.9 million for the third quarter, a decline from a net income of $10.6 million in the same quarter of 2024. The loss was attributed to increased operating expenses, which rose to $194.8 million from $81.5 million a year earlier, largely due to costs associated with the Satcom Direct acquisition and higher costs of service and equipment revenue. The company’s operating income for the quarter was $28.7 million, compared to $19.1 million in the previous year.
Operationally, Gogo's customer base expanded, with 6,529 ATG aircraft online as of September 30, 2025, compared to 7,016 a year prior. The average monthly connectivity service revenue per ATG aircraft was $3,407, slightly down from $3,497 in the previous year. The company also reported a total of 1,343 GEO aircraft online, a significant increase from just 11 in the same period last year, reflecting the impact of the Satcom Direct acquisition.
Looking ahead, Gogo anticipates a decline in service revenue in the near term due to expected reductions in ATG services sold, but expects future growth as new aircraft come online with the launch of Gogo 5G and Gogo Galileo. The company is also focused on improving its operational efficiencies and managing costs associated with its technology roadmap. Gogo's management remains optimistic about the long-term potential of its expanded service offerings and market position following the integration of Satcom Direct.
About Gogo Inc.
Gogo Inc. provides in-flight connectivity solutions for business and military aircraft, offering satellite and air-to-ground services, hardware, and software. Its core segments include legacy business aviation operations and the acquired Satcom Direct, serving global markets with tailored, purpose-built products, extensive distribution channels, and advanced satellite networks. The company emphasizes innovation, regulatory compliance, and a comprehensive support infrastructure to deliver reliable, high-performance connectivity.
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