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Gogo Q1 net income rises to $13.1 million; revenue falls 2% to $226.3 million

PUBT·05/07/2026 11:14:12
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Gogo Q1 net income rises to $13.1 million; revenue falls 2% to $226.3 million
  • Gogo posted Q1 net income of USD 13.1 million, swinging from a net loss of USD 10 million in Q4, as revenue slipped 2% year over year to USD 226.3 million.
  • Equipment revenue climbed 22% from a year earlier to USD 38.6 million, while service revenue fell 5% to USD 187.7 million.
  • Adjusted EBITDA declined 14% year over year to USD 53.3 million, including USD 6.1 million of expense tied to ongoing litigation matters.
  • Free cash flow turned negative at USD 19.2 million from positive USD 30 million a year earlier, impacted by USD 14 million of annual bonus payouts and a reduction in accounts payable and accruals related to inventory purchases.
  • Gogo Galileo aircraft online rose 50% since Dec. 31 to 111, while 2026 guidance was reaffirmed for revenue of USD 905 million-USD 945 million and adjusted EBITDA of USD 198 million-USD 218 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gogo Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605070700PRIMZONEFULLFEED9715122) on May 07, 2026, and is solely responsible for the information contained therein.