How did VSAT's revenue and expenses trend in Q1 2025?
4/14/2025 03:23pm
**Viasat Inc. (VSAT) experienced a flat revenue trend with some segment variations in Q1 2025.** The company's total revenue for the quarter was $2.47 billion, with the following breakdown by segment:
1. **Communication Services**: Revenue was $2.14 billion, indicating a strong presence in this segment.
2. **Satellite Services**: Revenue was $1.65 billion, reflecting a significant contribution to the company's overall revenue.
3. **Government Systems**: Revenue was $1.36 billion, showing continued growth in this segment.
4. **Defense and Advanced Technologies**: Revenue was $898.97 million, with a notable increase of approximately 20% year-over-year.
5. **Commercial Networks**: Revenue was $826.79 million, representing steady growth.
6. **Service**: Revenue was $770.85 million, demonstrating a strong service offering.
7. **Product**: Revenue was $744.06 million, indicating a robust product portfolio.
8. **Maritime**: Revenue was $595.55 million, which declined by 8% due to legacy L-band offerings and ARPU pressure.
**Total Expenses for Q1 2025 are not available**. However, the company reported a net loss of $158 million for the quarter, an increase from the net loss of $124 million in the prior year quarter. This suggests that while revenue was flat, expenses were higher, impacting the company's profitability. The adjusted EBITDA was $393 million, an increase of 3% with a 35% adjusted EBITDA margin, indicating some operational efficiency improvements despite the net loss.