Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 116

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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    )

    (31
    )

Three Months Ended December 31, 2024 vs. Three Months Ended December 31, 2023

Revenues 

    Three Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Service revenues
     
    $
    809.4

    $
    825.5

    $
    (16.1
    )

    (2
    )%

    Product revenues

    314.4

    303.1

    11.3

    4
    %

    Total revenues
     
    $
    1,123.8

    $
    1,128.5

    $
    (4.8
    )

    —
    %

Our total revenues decreased by $4.8 million as a result of a $16.1 million decrease in service revenues, partially offset by a $11.3 million increase in product revenues. The decrease in service revenues was driven by decreases of $13.4 million in our communication services segment and $2.7 million in our defense and advanced technologies segment. The increase in product revenues was driven by a $52.5 million increase in our defense and advanced technologies segment, partially offset by a $41.1 million decrease in our communication services segment.

Cost of revenues 

    Three Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Cost of service revenues
     
    $
    527.7

    $
    514.8

    $
    13.0

    3
    %

    Cost of product revenues

    234.2

    252.5

    (18.3
    )

    (7
    )%

    Total cost of revenues
     
    $
    761.9

    $
    767.3

    $
    (5.3
    )

    (1
    )%

Cost of revenues decreased by $5.3 million due to a decrease of $18.3 million in cost of product revenues, partially offset by an increase of $13.0 million in cost of service revenues. The