Zachary Cotner
CFO & Treasurer at Gogo
In our earnings release this morning, the company reiterated our 2025 financial guidance, adding that it includes the current and proposed impact of global tariffs. For 2025, we expect total revenue in the range of $870,000,000 to $910,000,000 reflecting the HD X launch in q one and five g generating modest revenue in q four. Adjusted EBITDA in the range of 200 to 220,000,000, reflecting operating expenses of approximately 25,000,000 for strategic and operational initiatives, including five gs and Galileo. Free cash flow in the range of 60,000,000 to 90,000,000, and we expect 2025 to be the trough of our free cash flow as we have approximately 70,000,000 slated for strategic investments, net of the FCC reimbursement. And finally, we expect capital expenditures of approximately 60,000,000 containing 45,000,000 for strategic initiatives, including five gs, Galileo, and LTE network build.