earnings
confidence high
sentiment neutral
materiality 0.60
Viasat Q3 FY25 revenue $1.1B flat YoY, net loss $158M; Adj. EBITDA $393M +3%, reaffirms FY25 guidance
VIASAT INC
2025-Q3 EPS
reported -$2.57
vs consensus -$0.63
▼ miss
(-309.0%)
- Revenue $1.1B flat YoY; net loss $158M increased from $124M in Q3 FY24, primarily on debt extinguishment loss.
- Adjusted EBITDA $393M, +3% YoY; Communication Services revenue -6% YoY, Defense & Advanced Tech revenue +20% YoY with 49% award growth.
- Aviation IFC aircraft in service +13% YoY, biz jets +18%; backlog +22%. VS-3 F2 service late CY2025, F3 shifted to CY2026.
- FY2025 revenue and EBITDA guidance reaffirmed; FY2026 expects positive FCF in H2 with capex ~$1.3B.
- Net debt $5.66B, operating cash flow $219M; liquidity $2.7B including $1.56B cash.