Gogo Inc. (NASDAQ:GOGO) Q4 2022 Earnings Call Transcript February 28, 2023 Operator: Thank you for standing by. And welcome to the Gogo’s Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session . As a reminder, today’s call is being […]
Gogo Inc (NASDAQ: GOGO) reported fourth-quarter FY22 revenue growth of 17% year-on-year to $108.2 million Tuesday, beating the consensus of $107.1 million. Service revenue grew 12% Y/Y to $77.3 million. Equipment revenue rose 34% Y/Y to $30.8 million. Total ATG aircraft online increased 8% Y/Y to 6,935. The average monthly service revenue per ATG aircraft online (ARPU) was $3,370, up 2% Y/Y. Total AVANCE units online grew 31% Y/Y to 3,279. Adjusted EBITDA rose 17% Y/Y to $46.2 million. EPS of $0
Gogo (GOGO) delivered earnings and revenue surprises of 40% and 0.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?