Rebounding In-Flight Connectivity Helped Viasat Q1
Rebounding in-flight connectivity helped Viasat grow, though the company is "still well below pre-pandemic business levels," CEO Rick Baldridge told analysts Thursday on results for fiscal Q1 ended June 30. Satellite services revenue was $274 million, up 36% year over…
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year, with commercial air activity picking up, it said. It expects revenue growth for the rest of the fiscal year due in part to passenger traffic trends. Overall revenue was $665 million, up $135 million. The stock closed 8.5% higher at $52.16.