Gogo delivered first-quarter EPS of $0.07, missing the $0.09 per-share estimate and marking a decline from $0.18 in the year-ago period. Revenue also underperformed analyst forecasts, reflecting ongoing pressure on in-flight connectivity demand.

The earnings shortfall underscores challenges in Gogo’s core aviation segment as airlines evaluate system upgrades and cost structures. Investors will focus on management’s cost-control initiatives, capital allocation and any updated outlook when full guidance is released.