Viasat's Shares Surge 38% on Strong Q1 Performance

Revenue growth in aviation and defense markets drives improved financial outlook for fiscal 2025.

Q1 revenue increased 44% year-over-year to $1.13 billion, surpassing estimates.
Net loss narrowed to $33 million from $77 million in the same quarter last year.
Aviation and defense segments saw significant growth, with communication services up 48%.
Acquisition of Inmarsat contributed to the rise in revenue and adjusted EBITDA.
Despite fixed broadband challenges, the company raised its annual revenue forecast.