Gogo Q3 revenue falls, net loss widens on business aviation weakness
GOGO•Gogo's third-quarter revenue fell 5% year over year to $213.2 million, while it reported a $3.2 million net loss and adjusted EBITDA declined 27% to $41 million. The company forecast 2026 revenue of $870 million to $895 million and free cash flow of $65 million to $85 million.
1. Quarterly results
Gogo's third-quarter revenue fell 5% year over year to $213.2 million, below the $216.53 million consensus estimate. The company reported a net loss of $3.2 million, or 2 cents per share, and adjusted EBITDA of $41 million, down 27% year over year.
2. Revenue drivers and outlook
Business aviation service revenue fell 10%, driving the revenue decline, while military and government service revenue rose 36%. Shipments of Gogo Galileo equipment nearly doubled year over year. For 2026, Gogo expects revenue of $870 million to $895 million, adjusted EBITDA of $175 million to $185 million, and free cash flow of $65 million to $85 million.
