Shares of Gogo Inc. (NASDAQ:GOGO) skyrocketed 43.86% in early trading on Friday following the release of its first-quarter earnings report that significantly exceeded analyst expectations. The in-flight broadband provider delivered a strong performance across key financial metrics, igniting investor enthusiasm.

Gogo reported quarterly adjusted earnings of $0.18 per share, more than doubling the analyst consensus estimate of $0.08. This represents a 125% beat and a 12.5% increase from the $0.16 per share reported in the same period last year. The company's revenue surged to $230.31 million, surpassing analyst projections of $214.45 million by 7.40% and marking a remarkable 120.77% increase from $104.32 million in the year-ago quarter.

Adding to the positive sentiment, Gogo reaffirmed its full-year 2025 revenue guidance of $870 million to $910 million, which is substantially higher than the FactSet analyst estimate of $799.2 million. This optimistic outlook, coupled with the strong Q1 results, underscores the company's robust growth trajectory and has prompted investors to reassess Gogo's market position in the aviation technology sector. The impressive financial performance and upbeat guidance suggest that Gogo is capitalizing on the growing demand for in-flight connectivity services, positioning itself for continued success in the evolving aviation market.