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gogo Investor Relations Contact : Will Davis +1 917-519-6994 wdavis@gogoair.com Media Relations Contact : Dave Mellin Gogo Announces First Quarter 2021 Financial Results Continued Momentum in Aircraft Online and Service Revenue Drive Top and Bottom Line Growth Successful Completion of Comprehensive Refinancing in April Reduces Annualized Cash Interest Expense by Approximately $ 70 Million Raises 2021 Revenue and Adjusted EBITDA Guidance and Provides Free Cash Flow Targets Q1 2021 Highlights +1 303-301-3606 pr@gogoair.com CHICAGO - May 6 , 2021 – Gogo Inc. ( NASDAQ : GOGO ) ( “ Gogo ” or the “ Company ” ) , the world's largest provider of broadband connectivity services for the business aviation market , today announced its financial results for the quarter ended March 31 , 2021 . ● Total revenue of $ 73.9 million increased 4 % year - over - year Net loss of $ 5.9 million from continuing operations compared to a net loss from continuing operations of $ 9.4 million in Q1 2020 , and Adjusted EBITDA of $ 33.9 million , an increase of 25 % from Q1 2020 Total ATG aircraft online ( " AOL " ) grew 3 % year - over - year and 2 % sequentially to 5,892 Total AVANCE units online grew more than 42 % year - over - year to 1,900 . AVANCE units comprised more than 32 % of total AOL as of March 31 , 2021 , up from 23 % as of March 31 , 2020 " Gogo's continued revenue and Adjusted EBITDA growth in the first quarter reflects the ongoing recovery in the business aviation market as more aircraft return online , " said Oakleigh Thorne , Chairman and CEO of Gogo . " Based on our strong first quarter performance and business momentum , we have raised 2021 guidance . " " Our enhanced financial flexibility and strong cash flow enable us to invest in our planned 5G deployment , which will significantly improve the performance of our proprietary ATG network , and to drive further market penetration of our AVANCE platform , " Thorne said . First Quarter 2021 Financial Results from Continuing Operations Total revenue of $ 73.9 million increased 4 % compared to Q1 2020 , driven by increases in both service and equipment revenue that reflect continuing recovery in the business aviation industry and strong sales of Gogo's AVANCE platform . Service revenue of $ 59.4 million increased nearly 3 % compared to Q1 2020 , due primarily to a 3 % increase in AOL and recognition of service revenue from the Network Sharing Agreement with Intelsat . Service revenue increased more than 4 % sequentially , due primarily to an increase in AOL . 1