Earnings ·
Gogo reports Q3 net loss of $3.2M and Adjusted EBITDA of $41.0M
GOGOGogo Inc.
Gogo Inc. reported a net loss of $3.2 million, or $0.02 per diluted share, for the third quarter ended September 30, 2026, compared to a net loss of $1.3 million in the prior year period. Total revenue declined 5% to $213.2 million, driven by a 10% drop in business aviation service revenue and lower equipment sales. Adjusted EBITDA fell 27% to $41.0 million, while net cash provided by operating activities was $26.3 million. The company also announced the amendment and extension of its approximately $600 million Term Loan B facility and noted that the FCC renewed its exclusive nationwide air-to-ground spectrum licenses through 2036. Gogo reiterated its full-year 2026 financial guidance for total revenue between $870 million and $895 million. The company is a leading global provider of broadband connectivity services for business and military/government aviation markets.