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Delay In 5G Hampers In-Flight Connectivity Provider Gogo's Q3 Performance, Stock Slides

Gogo Inc (NASDAQ: GOGO) reported third-quarter FY23 revenue growth of 7% year-on-year to $97.9 million, missing the consensus of $103.8 million. EPS of $0.16 beat the consensus of $0.14.

Service revenue grew 6% Y/Y to $79.5 million. Equipment revenue declined by 39% Y/Y to $18.4 million.

Total ATG aircraft online increased 6% Y/Y to 7,150. The average monthly service revenue ...

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