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Viasat Revenues Rise 19%, US Broadband ARPU Hits Record in Q3

CARLSBAD, Calif. -- Viasat, a global communications company, today announced financial results for the fiscal third quarter ended December 31, 2019.

Satellite Services
Q3 Fiscal Year 2020 Financials

  • Revenues reached a new high of $211.7 million, a 19% increase year-over-year and a 3% increase sequentially, marking the eighth sequential quarter of revenue gains
  • New contract awards increased 14% year-over-year to $210.7 million
  • Segment operating income was $3.6 million, compared to a $10.2 million operating loss in the prior year period, while Adjusted EBITDA increased by 33% year-over-year to $75.1 million as fixed and mobile broadband revenues continued to scale on the ViaSat-2 satellite system. Excluding the $4.0 millionViaSat-2 insurance gain in the same period last year, segment Adjusted EBITDA increased 43%

Business Highlights

  • U.S. fixed broadband subscriber average revenue per user (ARPU) reached a record $89.71, an increase of 15% year-over-year on approximately flat subscriber growth, as new subscribers continued to embrace Viasat's premium broadband service plans
  • In Mexico, Viasat continued to diversify its broadband service offerings and launched residential service; while consumer engagement on Community Wi-Fi internet hotspots grew on a sequential quarter basis
  • In Brazil, Viasat's participation in the Governo Eletrônico - Serviço de Atendimento ao Cidadão (GESAC) initiative continued to ramp, with over 1,500 new sites deployed in the quarter
  • In Business Aviation, Viasat's next-generation Ka-band In-Flight Connectivity (IFC) system was approved for Gulfstream G280 aircraft and received Type Certification for Embraer Praetor 600 aircraft; Viasat's dual-band business aviation IFC system also received Supplemental Type Certificate for the Bombardier Global 5000/6000/GEX family
  • In Commercial Aviation, IFC service was active on 1,379 commercial aircraft – up 23% year-over-year with a gross annual passenger opportunity reaching over 250 million people
  • As reported during Viasat's prior earnings call, in early third quarter of fiscal year 2020, Viasat was selected by Brazil'sAzul Airlines to install IFC equipment/service on more than 100 combined Airbus A320neo and Embraer E195-E2 aircraft; additionally EL AL Israel Airlines committed to go full fleet with Viasat, adding Viasat's latest equipment to its new Boeing 777 widebody and remaining Boeing 737 narrowbody fleet

Business Highlights

  • Continued progress made on the ViaSat-3 program with multiple project milestones being achieved including critical unit deliveries; integration and test activities on both the ViaSat-3 (Americas) and ViaSat-3 (Europe, Middle East, Africa) satellites; and successful completion of the Preliminary Design Review (PDR) for the third ViaSat-3 (Asia Pacific) satellite
  • Began deployment of the U.S. and European ground networks for the first two ViaSat-3 satellites and initiated siting work for the Asia-Pacific ground network
  • Completed successful over-the-air test antenna switching on Viasat's second-generation hybrid Ku-/Ka-band aviation antenna, highlighting antenna readiness for global aviation opportunities

Viasat

robiie619 2/7/2020 | 2:52:16 AM
i thinkits its becouse of more use of internet for making internet calls The demand for fast and secure internet connection has helped this growth. are also known as virtual phone numbers, VoIP numbers, cloud phone numbers, and many other names. To explain it simply, they allow calls to be routed over the internet, instead of via traditional landlines.
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