Viasat Q3 FY2024 revenue $1.1B; net loss $124M, Adj. EBITDA $383M; synergy target raised

VIASAT INC

2024-Q3 EPS reported -$8.47 revenue$3,133,745,000

Revenue $1.1B (+73% YoY as reported; +8% on combined basis); Adj. EBITDA $383M (+214% as reported, +11% combined).
Net loss $124M vs $47M loss in prior year; driven by higher interest expense from Inmarsat debt and integration charges.
Inmarsat standalone Q3 revenue $443M (+12% YoY), Adj. EBITDA $260M (+17% YoY).
Raised synergy target to ~$100M annual cash savings by FY2025 (from $80M); free cash flow inflection expected H1 CY2025.
ViaSat-3 F1 enters commercial service Q1 FY2025; F2 launch with corrected antenna early CY2025; F3 launch late CY2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VIASAT INC reported financial results for third quarter of fiscal year 2024.

Period: third quarter of fiscal year 2024
Result: reported results

Exact text from the filing

On February 6, 2024, Viasat, Inc. released its financial results for the third quarter of fiscal year 2024 in a letter to shareholders that is available on the investor relations section of its website.

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Source: SEC EDGAR

accession 0001193125-24-025304

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