Gogo Reiterates Revenue Growth At Compound Annual Growth Rate Of Approximately 15% - 17% From 2023 Through 2028
Portfolio Pulse from Benzinga Newsdesk
Gogo Inc. has reiterated its revenue growth target at a compound annual growth rate (CAGR) of approximately 15% to 17% from 2023 through 2028. The company aims for a free cash flow of around $150 million in 2025 and expects Gogo Galileo to start contributing to revenue in 2025. Additionally, Gogo maintains its target of achieving a 40% annual adjusted EBITDA margin by 2028.
August 07, 2024 | 11:17 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Gogo Inc. has reiterated its revenue growth target at a CAGR of 15%-17% from 2023-2028, with a free cash flow target of $150 million in 2025 and a 40% adjusted EBITDA margin by 2028.
The reaffirmation of strong revenue growth targets and financial metrics is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100