Investing.com -- Gogo Inc . (NASDAQ:GOGO) shares surged 23.4% after the in-flight broadband provider reported first-quarter earnings and revenue that exceeded analyst expectations. The company also reiterated its full-year 2025 guidance, demonstrating confidence in its growth trajectory.
Gogo posted adjusted earnings per share of $0.09 for Q1 2025, surpassing the analyst estimate of $0.03. Revenue for the quarter came in at $230.5 million, beating the consensus estimate of $214.45 million and representing a 121% YoY increase.
The strong performance was largely driven by the acquisition of Satcom Direct, which closed in December 2024. Service revenue, a key metric for the company, jumped 143% YoY to $198.6 million.
"We are excited to achieve PMA approval for our larger LEO antenna, the FDX, ahead of expectations," said Chris Moore, CEO of Gogo. "This follows rapid progress of our smaller LEO antenna, the HDX, since achieving PMA in March."
Gogo reiterated its 2025 financial guidance, projecting total revenue between $870 million and $910 million. The company also expects adjusted EBITDA in the range of $200 million to $220 million.
The company’s total ATG AVANCE aircraft online grew to 4,716 as of March 31, 2025, a 15% increase compared to the same period last year. AVANCE units now comprise approximately 68% of total ATG aircraft online, up from 58% a year ago.
Gogo’s strong Q1 results and positive outlook, despite potential tariff impacts, have clearly resonated with investors, as reflected in the significant stock price jump following the earnings release.
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