Viasat Inc (0LPE.L) Q1 2025 Earnings Report

Viasat delivered Q1 FY2025 revenue of $1.171 billion, up 3.96% year over year and 2.09% quarter over quarter, with a gross margin of 34.96% and an operating margin of 3.99%. However, the quarter ended with a net loss of $56.4 million and negative earnings per share of $0.43, primarily reflecting material non-operating headwinds rather than a deterioration in core operating profitability. Total other income/expenses net was a significant drag (-$87.8 million), while interest expense was elevated at $100.4 million, and depreciation & amortization reached $341.7 million. The combination produced a negative pre-tax result (-$41.11 million) and a net income print of -$56.43 million despite positive operating income of $46.7 million.