Gogo Shares Jump on Strong Revenue Growth Trajectory

Dow Jones

May 09, 2025

By Dean Seal

Shares of Gogo climbed after the company said first-quarter revenue doubled and that full-year revenue is on track to blow past analyst estimates.

The stock was up 14% at $8.65 in premarket trading. Shares are on track to open in positive territory year-to-date.

The aviation technology company said revenue more than doubled to $230.3 million in the first quarter, topping analyst estimates by more than $15 million, according to FactSet.

Service revenue rocketed up 143% to $198.6 million while equipment revenue climbed 40% to $31.7 million.

Gogo backed its guidance for $870 million to $910 million in revenue on the full year. Analysts polled by Factset have been projecting $799.2 million.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 09, 2025 08:31 ET (12:31 GMT)

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Analysts polled by Factset have been projecting $799.2 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2025 08:31 ET (12:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOGO","symbol_name":"Gogo Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534489672","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534489672","pubTimestamp":1746793860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Gogo climbed after the company said first-quarter revenue doubled and that full-year revenue is on track to blow past analyst estimates.The stock was up 14% at $8.65 in premarket trading. 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Shares are on track to open in positive territory year-to-date. \n\n\n  The aviation technology company said revenue more than doubled to $230.3 million in the first quarter, topping analyst estimates by more than $15 million, according to FactSet. \n\n\n  Service revenue rocketed up 143% to $198.6 million while equipment revenue climbed 40% to $31.7 million. \n\n\n  Gogo backed its guidance for $870 million to $910 million in revenue on the full year. Analysts polled by Factset have been projecting $799.2 million. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 08:31 ET (12:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}