3rd Quarter Earnings Call

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I didn't listen, but I did look at the slides.

Subscriber growth stagnant. We knew that.

Revenue from existing subs grew 14%. (Looks like they need more people now to upgrade or buy more expensive plans....hmmm).

Pushing community wifi south of the border to 1 million plus.

And they made $100 million or so third quarter.
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VeteranSatUser, Champion

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Posted 2 weeks ago

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Gwen

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Wonder how much longer theyll be around
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VeteranSatUser, Champion

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They made $100+ million in 3 months. That would be EBITDA.

I would say that is pretty darn good.

They are not going anywhere.
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GabeU, Champion

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They're spending a lot of money on the VS3, so they'll be around for a while, for sure.
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Jab

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The commercial air business is going “gangbusters” for Viasat, Girvan added. Another business enjoying rapid growth is the company’s community Wi-Fi service, which supports up to 100 users on a single hotspot in small communities.

“We’ve been adding 600 sites a month in Mexico for community Wi-Fi,” he said. “We see that as a key service we can bring to Asia for places like Indonesia, the Philippines, India.”


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Casual Observer

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For those interested in digging deeper, conference call and supporting materials at:

http://investors.viasat.com/events/event-details/q3-2019-viasat-earnings-conference-call\

Full transcript of call available for those who prefer the written word is at:

https://seekingalpha.com/article/4239319-viasat-inc-vsat-ceo-mark-dankberg-q3-2019-results-earnings-call-transcript?part=single

Previously it was necessary to turn off java script to view the full transcript at SeekingAlpha if not wanting to subscribe; however appears that's no longer the case.

As much as many would like it to not be the case, Viasat isn't going anywhere.

(Edited)
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Michael McDowell

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Those links aren't working for me. Says "Page Not Found"
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Casual Observer

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Both work for me - the first is on viasat.com the second seekingalpha.com. If not Google is your friend, and Dudk Duck Go is a better friend - "Viasat 3Q 2019"

(Edited)
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Michael McDowell

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Don't know what was going on, they are working now!

edit:  AHHH!  I tried to follow the link from the email I got from GetSatisfaction.  It worked fine from the actual post!
(Edited)
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VeteranSatUser, Champion

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Community wifi in foreign countries.

Strong business for wifi in the sky.

Stagnant growth in the residential internet sector other than getting more money out of existing subs. That trend of course is not sustainable. You can only get so much blood out of a turnip. This should tell you where we rate as customers and won't be a major focus going forward.
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Casual Observer

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Didn't say we were going along for the ride ;)

In fact the transcript suggest our purpose on reading it carefully.
(Edited)
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VeteranSatUser, Champion

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Does she have a ticket to ride?
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Casual Observer

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Michelle? Yesterday she did. Have you seen Polythene Pam? She came in through the bathroom window. Lovely Rita gave me a ticket from her little white book for a parking violation.
(Edited)
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VeteranSatUser, Champion

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Ah look at all the lonely people...

Where do they all come from?

On here when Viasat internet is so slow we cant do anything but come on here and talk about it.
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Oliver

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I go down to Mexico a bit and my mother escapes from Minnesota and I've yet to see one of these viasat powered Wi-Fi hotspots. I go well off the beaten path so to speak. Overall I found Mexico to have good cell and DSL support. Power and water still suck.
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VeteranSatUser, Champion

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So you are saying we have better power and water, but they have better internet that many of us Viasat customers.


Makes sense :)
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Bradley

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I was a little surprised at the earnings.

Changes nothing long term though. Not a residential based business model in the least. Milk them for what you can but focus on airlines and government contracts. We knew that.

Still it all will crumble when LEO satellites are viable and 5g finally becomes the norm. ViaSat has a few years before relegating itself to niche markets.
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Jab

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@Vet

Viasat's marketing department haven't considered "consequences."  On those beams charging $100-$200/monthly, those seeking internet but who can't afford Viasat will remember, well.  Once the high rollers are signed up, overall sales will trend downward. Revenue growth has been from them, and existing customers jumping ship from resellers to Viasat.  Cutting out the middleman (reseller) brings higher profit.

I can only wonder what VS-3 prices will be.  Anik F2 (CANSAT KA-4) had an expected lifespan of 15 years.  Don't hear anything on this topic.