Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 216

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Service revenues
     
    $
    2,428.4

    $
    2,192.6

    $
    235.8

    11
    %

    Product revenues

    944.1

    941.2

    2.9

    —
    %

    Total revenues
     
    $
    3,372.5

    $
    3,133.7

    $
    238.7

    8
    %

Our total revenues increased by $238.7 million as a result of a $235.8 million increase in service revenues and a $2.9 million increase in product revenues. The increase in service revenues was due to a $236.6 million increase in our communication services segment, partially offset by a $0.8 million decrease in our defense and advanced technologies segment. The increase in product revenues was due to a $47.7 million increase in our defense and advanced technologies segment, partially offset by a $44.7 million decrease in our communication services segment.

Cost of revenues

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Cost of service revenues
     
    $
    1,576.0

    $
    1,374.9

    $
    201.1

    15
    %

    Cost of product revenues

    671.9

    703.6

    (31.7
    )

    (5
    )%

    Total cost of revenues
     
    $
    2,247.9

    $
    2,078.5

    $
    169.4

    8
    %

Cost of revenues increased by $169.4 million due to a $201.1 million increase in cost of service revenues, partially offset by a $31.7 million decrease in cost of product revenues. The increase in cost of service revenues was primarily attributable to increased service revenues, resulting in a $147.9 million increase in cost of service revenues on a constant margin basis and also lower margins, both of which were mainly in our communication services segment. The decrease in cost of