May 12, 2014
Gogo announces first quarter 2014 results
Gogo reported record first quarter revenue of $95.7m, up 35% year-over-year. Adjusted EBITDA for Q1 2014 was $5.3m, up 87% from $2.9m in Q1 2013, driven by strong growth in CA-NA and BA segment profit, offset in part by increased segment loss in CA-ROW due to increased investment in it’s international expansion. Net loss attributable to common stock for Q1 2014 was $16.9m compared to net loss attributable to common stock of $32.5m in Q1 2013.