Gogo quarterly revenue up 23% to USD142m

Gogo Inc. (Nasdaq: GOGO) revenue increased to USD141.7 million, up 23 percent from USD115.5 million in Q1 2015, the company.

Service revenue increased to USD118.7 million, up 24 percent from USD95.4 million in Q1 2015.

Combined segment profit of CA-NA and BA increased to USD34.0 million, up 29 percent from USD26.4 million in Q1 2015.

Adjusted EBITDA increased to USD14.5 million, up 76 percent or USD6.3 million from USD8.2 million in Q1 2015.

Cash CAPEX of USD24.2 million was down from USD32.0 million in Q1 2015, primarily due to the timing of airborne equipment purchases.

With more than two decades of experience, Gogo provides in-flight connectivity and wireless entertainment services for commercial and business aircraft around the world. Gogo connects aircraft, providing its aviation partners with the world´s most powerful network and platform to help optimize their operations.