Gogo Q1 revenue $104.3M (+6% YoY); net income $30.5M; raises 2024 EBITDA guidance

Gogo Inc.

2024-Q1 EPS reported $0.23 revenue$104,322,000

Total revenue $104.3M up 6% YoY; service revenue record $81.7M up 4%.
Net income $30.5M ($0.23 diluted EPS) includes $9.9M unrealized gain from convertible note.
Adjusted EBITDA $43.3M up 9% YoY; includes $2.6M Gogo Galileo expenses.
2024 adjusted EBITDA guidance raised to high end of $110M-$125M range; revenue guided $410M-$425M.
Repurchased ~1.1M shares for $10.1M in Q1; additional 1.1M shares for $9.3M in April.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Gogo Inc. reported first quarter ended March 31, 2024 results: revenue $104.3 million, net income $30.5 million, EPS $0.23. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $104.3 million
Net income: $30.5 million
EPS: $0.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Gogo Announces First Quarter Results Total Revenue of $104.3 million, up 6% Year-over-Year; Record First Quarter Service Revenue of $81.7 million, up 4% Year-over-Year Q1 Net Income of $30.5 million; Adjusted EBITDA (1) of $43.3 million Updates 2024 Adjusted EBITDA Guidance and Reiterates Long-Term Targets

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Source: SEC EDGAR

accession 0000950170-24-054472

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