Gogo reports 3rd quarter net loss of US$24.9m

Gogo, a leading global aero communications service provider, announced its financial results for the quarter ended September 30th, 2014. Gogo reported record third quarter revenue of US$104.0m, up 22% year-over-year. Adjusted EBITDA for Q3 2014 was US$1.2m, down from US$2.0m in Q3 2013, reflecting continued revenue and profitability growth in the combined CA-NA and BA segments offset by increased investment in CA-ROW. Net loss attributable to common stock for Q3 2014 was US$24.9m compared to US$18.7 million in Q3 2013.