Intelsat Announces First Quarter 2021 Results
First quarter net loss attributable to Intelsat S.A. was $174.9 million
First quarter Adjusted EBITDA of $275.0 million or 55% of revenue
March 31, 2021 contracted backlog of $5.9 billion
Intelsat S.A. (the Company ) (OTC: INTEQ), today announced financial results for the three months ended March 31, 2021.
Intelsat reported total revenue was $502.8 million and net loss attributable to Intelsat S.A. was $174.9 million for the three months ended March 31, 2021.
Intelsat reported EBITDA
1, or earnings before net interest, taxes and depreciation and amortization, of $130.5 million and Adjusted EBITDA
1 of $275.0 million, or 55% of revenue, for the three months ended March 31, 2021.
Intelsat s Chief Executive Officer, Stephen Spengler, said, Overall, we delivered solid quarterly operational results which now include our Gogo Commercial Aviation business. Network Services benefited from new business from mobility and fixed networ
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