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Iridium revenue jumps more than 24% in Q4

Service revenue up 8% YoY

Madeline DurrettbyMadeline Durrett
February 16, 2023
in News, Strategy and Markets
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Low-Earth orbit (LEO) communications provider Iridium Communications today reported fourth-quarter revenues of $193.8 million, a 24.3% year-over-year increase and a 15% YoY operational EBITDA increase to $107 million. The company’s service revenue also saw an 8% YoY increase. WHY IT MATTERS: The increase in service revenue, representing 71% of Iridium’s (NASDAQ: IRDM) total revenue for […]

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Tags: EarningsIridium CommunicationsMorgan StanleyPremium
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