Company: VSAT
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016993
Chunk: 81

Company: VIASAT INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 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 product revenues was primarily driven by higher margins primarily in our defense and advanced technologies segment due to a higher mix of our product revenues associated with our royalty and licensing agreements versus hardware and other product related revenues.

53

Selling, general and administrative expenses

    Nine Months Ended

    Dollar

    Percentage

    (In millions, except percentages)
     
    December 31,2024

    December 31,2023

    Increase(Decrease)

    Increase(Decrease)

    Selling, general and administrative
     
    $
    761.6

    $
    1,640.3

    $
    (878.7
    )

    (54
    )%

The $878.7 million decrease in SG&A expenses was primarily due to a net loss of $905.5 million related to