Gogo (NASDAQ:GOGO) delivered a transformative set of 2025 results on Friday, with annual revenue more than doubling to $910.5 million.
The 105% year-over-year surge was primarily driven by the successful integration of Satcom Direct, which the company acquired in late 2024 to pivot from a domestic air-to-ground (ATG) provider into a global multi-orbit connectivity leader.
The fourth quarter was particularly strong, with revenue hitting $230.6 million—a 67% increase compared to the prior-year period.
Service revenue, the company's highest-margin segment, reached $774.4 million for the full year.
The quarter also saw an all-time record for ATG equipment shipments, as operators rushed to upgrade hardware ahead of the mandatory May 2026 LTE network cutover.
Operationally, the company is at the precipice of a major product cycle.
Gogo Galileo, its Low-Earth-Orbit (LEO) satellite service, saw shipments for its HDX and FDX antennas rise 80% sequentially in Q4.
Simultaneously, the company confirmed its next-generation 5G network is moving into the commercial activation phase, with service revenue expected to begin scaling in early 2026.