Iridium Q4 2024: revenue $213M (+9% YoY), OEBITDA $117.1M; returns $469M to shareholders in 2024

Iridium Communications Inc.

2024-FY EPS reported $0.94 revenue$830,682,000

Q4 net income $36.3M ($0.32 diluted EPS) vs $38M ($0.30) YoY; full-year net income $112.8M ($0.94) vs $15.4M ($0.12).
Q4 total revenue $213M (+9% YoY); service revenue $154M (+4%); commercial IoT revenue $41.4M (+15%) to 1.887M subscribers.
Full-year OEBITDA $470.6M (+2% vs $463.1M); returned record $469M to shareholders via dividends and share repurchases.
2025 outlook: service revenue growth 5-7%; OEBITDA $490-500M; net leverage 3.6x OEBITDA at Dec 2024.
Total billable subscribers 2.46M (+8% YoY); commercial IoT subscribers grew 10% to 1.887M.

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