Note – Viasat’s fiscal calendar diverges from the standard calendar. 

For the FY 2022, operator Viasat Inc. reported:

• A record $2.8 billion in total revenue, up 24% over the prior year.
• Gains in each of its three business segments, with Commercial Networks and Satellite Services showing the most growth.
• Satellite Services revenue of $1.2 billion — up 37% compared to 2021 — due to record growth in-flight connectivity services, the RigNet and EBI acquisitions and fixed broadband growth.
• The company ended the quarter with 1,830 aircraft utilizing its in-flight connectivity service, up about 40% year over year.
• Viasat’s mobility revenue – In 2021, it was just 12%, and grew to 35% of segment revenue in 2022, compared to U.S. fixed broadband.
• Government services revenue was $1.087 billion in 2022, compared to 1.066 billion in 2021. Viasat said this segment has been “treading water” due to effects of the pandemic, but the company expects roughly double-digit revenue and orders growth in fiscal year 2023.
• Viasat CEO Rick Baldridge said the company’s new Viasat-3 satellite will enter service “around January 2023.”