Gogo Announces Third Quarter Results
Globe Newswire•06/11/2026•08:30 ET
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Key Highlights
- ➤FCC renews Gogo’s exclusive nationwide air-to-ground spectrum licenses through 2036
- ➤Q3 revenue $213.2 million, down 5% year over year
- ➤Adjusted EBITDA $41.0 million, down 27% year over year
- ➤Term Loan B maturity extended to October 2030, with $75 million repayments through 2027
- ➤Gogo Galileo shipments reached 172 units, up 95% year over year
Expert Statements
Chris Moore, CEO of Gogo
“Our third quarter results reflect meaningful progress in Gogo’s transformation from a domestic provider of ATG connectivity into a global provider of high-speed LEO and GEO satellite connectivity to the business aviation and mil/gov markets”
Chris Moore, CEO of Gogo
“The 10-year renewal of our exclusive, low-band nationwide spectrum allows us to explore growth opportunities in new markets and partnerships as utilization shifts to our newer platforms”
Chris Moore, CEO of Gogo
“Meanwhile, we believe that the current positive trends in our LEO and GEO offerings should drive growth in our core markets.”
Zac Cotner, CFO of Gogo
“We are pleased to announce the amendment and extension of our ~$600 million Term Loan B today as it gives us the flexibility to execute our transformation strategy while directing free cash flow toward further debt reduction.”
Zac Cotner, CFO of Gogo
“Looking ahead, as recurring revenue from our next-generation platforms grow, we expect to benefit from a more favorable revenue mix and greater stability in our forecasting model.”
Gogo Completes Amendment and Extension of its ~$600 Million Original Term Loan B Facility
FCC Renews Gogo’s Exclusive, Nationwide Air-to-Ground Spectrum Licenses through 2036
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