---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059797"
form_type: "8-K"
ticker: "GOGO"
cik: "0001537054"
company_name: "Gogo Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:59:38.280470+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gogo Q3 revenue down 7% to $97.9M; cuts full-year revenue guidance to $390-400M

## Summary
- Record service revenue of $79.5M (+6% YoY); equipment revenue fell 39% to $18.4M.
- Net income $20.9M ($0.16 diluted EPS) vs $20.2M ($0.15) in Q3 2022.
- Adjusted EBITDA $43.2M; full-year Adj. EBITDA guided to high end of $150-160M.
- 2023 revenue guidance lowered to $390-400M from $410-420M on weaker equipment sales; capex reduced to $25-30M.
- Long-term targets reiterated: 15-17% revenue CAGR 2022-2027 and $150-200M FCF in 2025.

## SEC filing metadata
- accession: 0000950170-23-059797
- form_type: 8-K
- ticker: GOGO
- cik: 0001537054
- company_name: Gogo Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1537054/000095017023059797/0000950170-23-059797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1537054/000095017023059797/gogo-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059797
- JSON: https://secwatch.observer/filing/0000950170-23-059797.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059797.txt

## Key facts
- Earnings Releases
  Gogo Inc. reported the quarter ended September 30, 2023 results: revenue Total Revenue of $97.9 million, net income Net Income of $20.9 million, EPS Diluted earnings per share was $0.16. Guidance lowered.
  - Period: the quarter ended September 30, 2023
  - Revenue: Total Revenue of $97.9 million
  - Net income: Net Income of $20.9 million
  - EPS: Diluted earnings per share was $0.16
  - Guidance: lowered
  - Result: reported results
  source text: Gogo Announces Third Quarter Results Updates 2023 Financial Guidance and Reiterates Long-Term Targets Total Revenue of $97.9 million, down 7% Year-over-Year; Record Third Quarter Service Revenue of $79.5 million, up 6% Year-over-Year Net Income of $20.9 million; Adjusted EBITDA (1) of $43.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1537054/000095017023059797/0000950170-23-059797-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.