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Viasat Misses Q4 Earnings Estimates on Flat Y/Y Revenues
VSATViaSat(VSAT) ZACKS·2025-05-21 16:56

Core Viewpoint - Viasat, Inc. reported mixed results for the fourth quarter of fiscal 2025, with adjusted earnings missing estimates while revenue exceeded expectations. The overall revenue remained flat year-over-year, impacted by declines in fixed broadband and product revenues, but offset by growth in Aviation and Information Security, as well as Defense and Advanced Technologies segments [1][4]. Financial Performance - Viasat incurred a net loss of 246.1million,oralossof246.1 million, or a loss of 1.89 per share, compared to a net loss of 100.3million,oralossof80centspershareintheprior−yearquarter[2].−Forfiscal2025,thecompanyreportedanetlossof100.3 million, or a loss of 80 cents per share in the prior-year quarter [2]. - For fiscal 2025, the company reported a net loss of 575 million, or a loss of 4.48pershare,animprovementfromanetlossof4.48 per share, an improvement from a net loss of 1.06 billion, or a loss of 9.12pershareinfiscal2024[3].RevenueBreakdown−TotalrevenuesforQ4were9.12 per share in fiscal 2024 [3]. Revenue Breakdown - Total revenues for Q4 were 1.15 billion, surpassing the consensus estimate by 13million.Productrevenuesincreasedto13 million. Product revenues increased to 349.7 million from 337.9millionyear−over−year,whileservicerevenuesdecreasedto337.9 million year-over-year, while service revenues decreased to 797.4 million from 812million[4].−CommunicationServicessegmentrevenueswere812 million [4]. - Communication Services segment revenues were 825 million, down 4% from 859.9millionintheprior−yearquarter,primarilyduetodeclinesinfixedservicesandmaritimeservicerevenues[5].−DefenseandAdvancedTechnologiessegmentrevenueswere859.9 million in the prior-year quarter, primarily due to declines in fixed services and maritime service revenues [5]. - Defense and Advanced Technologies segment revenues were 322 million, up 11% year-over-year, driven by growth in information security and cyber defense [6]. Operational Metrics - Viasat reported an operating loss of 153.8millioninQ4,comparedtoanoperatingincomeof153.8 million in Q4, compared to an operating income of 0.3 million in the prior-year quarter. Adjusted EBITDA increased to 374.8millionfrom374.8 million from 357.7 million [7]. - The company generated an operating cash flow of 298millioninQ4,upfrom298 million in Q4, up from 232 million in the prior-year period, reflecting improved operating performance [8]. Future Outlook - For fiscal 2026, Viasat expects low single-digit year-over-year revenue growth and flat adjusted EBITDA. The Communication Services segment is anticipated to show flat revenue performance, while the Defense and Advanced Technologies segment is expected to grow in the mid-teens [10].