Competitive PressureViasat's consumer broadband business continues to face challenges, with Starlink announcing that subscriber growth had doubled since March to +50k/week.
Financial PerformanceNew guidance calls for flat pro-forma revenue and 3-6% EBITDA growth, below consensus, impacted by increasing competitive pressure and slower IFC installs due to Boeing production delays.
Revenue GrowthExpect aircraft delivery delays to weigh on revenue growth, with management calling for FY25 revenues to be roughly flat YoY, versus prior expectations of growth.