Gogo revenue up 22% YoY

Gogo Inc. (NASDAQ: GOGO) said its quarterly revenue increased to USD126.4 million, up 22 percent year-over-year; service revenue increased to USD107.2 million, up 31 percent year-over-year; and Adjusted EBITDA increased to USD9.7 million, up 738 percent or USD8.5 million year-over-year.

Combined segment profit of CA-NA and BA increased to USD30 million, up 46 percent from USD20.5 million in Q3 2014.
Adjusted EBITDA increased to USD9.7 million, up 738 percent or USD8.5 million from USD1.2 million in Q3 2014.

Cash CAPEX decreased to USD11.8 million, down 60 percent from USD29.8 million in Q3 2014, driven primarily by lower spend on airborne equipment.

Gogo is a leading global aero-communications service provider that offers in-flight Internet, entertainment, text messaging, voice, connected aircraft services and a host of other communications-related services to the commercial and business aviation markets. It has partnerships with 11 major commercial airlines and is now installed on nearly 2,500 commercial aircraft.