the afternoon delivered we In with solid adjusted million the third $X.XX on EBITDA margin. billion, XX% line. $XXX revenue good a Thanks, adjusted Mark, and quarter, EBITDA and results to of everyone of
on positioned out progress and am thankful strongly. efficiency ourselves initiatives. Importantly, for our close we're delivered capital incredibly cash these the hard to work results. beginning that I team make generation the Viasat We of to the year
discipline. with while in to become and durable clear. a been to The demonstrating strategic 'XX few Viasat franchises And and financial fiscal high a has months great win ahead guidance. has path in build defense excitement have that aviation, quarter go, a I've with confidence moats markets, grown key we My competitive and degree of including our here. in continues
while that building lifetime our focused X investing future. earnings discipline on: key in and we're There priorities with franchises, first, our are value power customer
a or worth every Similarly, adjusted $X lifetime the install contribution, EBITDA XX example, lifetime way million to our in so million of represent roughly which future backlog. commercial EBITDA X,XXX maritime aircraft $X vessels By $X aircraft million. XXX highlights in value of is about we discounted contribution of the aviation
believe to is equity. but it's Our and second We're substantially share lower. we priority, targets end-state pressuring needs level which leverage clear debt our leverage, ready be reducing to not our our debt yet,
our debt is down top allocation. for paying capital priority So
flow. And finally, cash generating free
We variety of examining are accelerate mechanisms to deleveraging. a
flow However, continued quality is best that means objective. generating path free free noted. And I highest franchise cash flow of cash of achieving that sustainably development the is the
We that. focused on are delivering
big we've to my be sustained that We're from it of point now fiscal problems. few Viasat our solve collectively team true coming is few that, response together comes working CapEx which these of in A fronts. prioritization, for X a driver in organized get and ensure getting all work 'XX made excitement will the the on had to in and minutes. example of done progress in a and speak to great over turning months I'll a has to last the execution this
are developments recent that the franchise. development Here our of some excite longer-term me on
to As our enhance ViaSat-X mentioned uncovered customers. we and this opportunities the capacity remarks. the to in focused coverage, time in capacity variety our on optimizing performance his deliver a of we launches, Mark idea before our we've
in virtually collateral networks. we the our the no Among impact our customers franchises. good intangible ground network in should no to a meaningful we incremental see aviation us examples gain and in cost at customer First, offer allow ViaSat with can and existing reconfiguring things, to business other Inmarsat our are: bandwidth on cross-roaming between Two
have outcomes X better customers. X reinforce we from changes offer critical but term. enhance purchases these network. customer for and broad complementary reduce long will for path ViaSat-X to our areas growth services, that our with to important secure evolved continued importantly, some more CapEx, growing commercial and Second, ability will parts our third some and capacity parties serve base enable targeted of and our an more When Flights in coverage enter The the support
aero C-XXX opportunities multi-band, see applications new to positions multi-orbit new the to on the dual-band and globally. defense the line-fit the position U.S. multi-mission our deliver Fiscal airlifter. with in awards In global government captured 'XX Embraer third continues across expansion and and market recompetes of for won SATCOM quarter, a terminals global
portfolio the Customers multi-network networking interested easily leveraging of enable our multi-orbit decade-plus hardware multi-band, solutions, terminals the our our capabilities integrated that future. integrated. into in area networks and and multi-orbit that increasingly growing be new across to development will us these in well Viasat's will serve in be capabilities are aircraft,
but our many to cover our great this business. let part, highlight too are me There one on encryption stories call, DAT in business
see years and are to beginning to These this current crypto year-to-date also the continued result develop have in fiscal record products. third products XX long-term $XXX awards KG-XXX of the million Our with certify investments family the quarter. fiscal 'XX through of in ago awards
revenues encryption cloud tactical and technologies capabilities, where next-generation we expand encryption along of The with current high-assurance connectivity we'll products our new expanding and prepare base to our looking are edge as leverage space. in market, the provide participate installed for the from while to compete further to the
create the our U.S. on we growing as demand faced continued in commercial term business. in towards aviation the meeting near capacity pressure business focus higher-value broadband we challenges now, Zeroing that our fixed revenue from
down NexusWave. and Maritime continued million $X L-band sequentially incremental rollout due ahead wider migration of was to also our ARPU revenue of pressure
rollout these in will service beginning fiscal the into NexusWave Flight X turn expect ViaSat-X entry late help of around of We 'XX. and the trends
our aviation, are with In we're in year-over-year. quarter earnings X,XXX increased XXX franchises. And a of about Meanwhile, the in revenue sufficient are leave installs. more approximately aircraft up aircraft, to building power translating of service, XX% about and sequentially. future into backlog in up growing with X,XXX service, awards wins service new other contracted our aircraft XX ended Aviation approximately us [ backlog sequentially; we and ] a
in near-term outlook While results the slow deliveries. be continue trajectory to we're recovery our growth aviation, the for a confident and of by OEM impacted
fiscal As a of target the below a little prior we result, aircraft will we in year. X,XXX service the of believe be by our bit end
for is Further diversifying nascent, generate 'XX able opportunities. scale non-transmission, for exciting with and size an high-value are business monetization, market revenue important to our into great our better prepare customers potential. to is while future future beginning and year sponsorship as Fiscal we to our earnings this power is
a Defense growing Our and businesses all with is Technologies this again standout well. Advanced segment quarter,
are awards the trends year-over-year. the cycles and sole-source indicators year Importantly, space strong ahead. launches continue are up Secular up backlog in and growth up XX% favorable, supportive IDQ's leading and product XX%, white to are signal XX% product
in approach our few reduce this to ran the to in from helped On the process a some drive exercise emerged long-term to real focus most we December, better of things led to essential prioritization company focus we process which for fiscal remainder the 'XX. across capital And planning opportunities year, even that side, fiscal that a on as spend. the work
and Also, impacts. deferring to refine noted quarter, and pushing our defer not operating as timing capital capital we've spend, critical spend of expense last to advancing critical items been anything both hard customer
milestones several and/or purposely might more process, on altogether spend As when we move key out, opportunities ground this found reduce refined spend space to of and some establish side. view we a we the hit undertook
total software of impact of and spend our CapEx these a other a spend a The hold reduction our like reduction reduction the a from efforts for in was benefit combined projected reduction. of spend prior flat, same million growth and will large to free things run cash of on all $XXX that satellite rate time, from were future low At guidance. flow so the we of in end able
detail, Now fourth the I'll quarter outlook cover quarter during two 'XX. fiscal topics and and financial in our more for third performance the
Let's begin results. with the financial
this 'XX billion, Advanced fiscal will connectivity. my section fiscal and the and $X.XX quarter and $X.X Technologies third period, led segment the million. the quarter reference prior-year our Defense statements aviation $XXX down in of All were of Awards billion, by third Backlog was 'XX. of
Backlog declined sale System fixed with Services long-term of fewer along the Energy broadband declining that business, backlog business removal in and business. the subscribers to our contracts due of the that with Integration U.S. in
strong and by compared product growth and our Advanced tactical Technologies the aviation billion, and within segment. essentially quarter, flat mission and Defense space fixed Services, security, networking systems, in $X.XX information to in Communication declines prior year offset Revenue revenue broadband reflecting was and in
$XXX loss extend the debt of Adjusted X%, net increased ago within benefits, to noncash we 'XX our in on due increase the million of Services. ] offset an extinguishment and growth the $XXX refinanced a maturity. primarily by maritime of Inmarsat loss Net higher-than-anticipated fixed Communication senior million, secured a DAT $XX [ loss by $XX as segment, from notes year licensing principally driven $XXX of broadband radio EBITDA to million reflecting partially tactical of data was million million
The to primarily absorbing Operating by XX% improvement was driven year-over-year rationalization CapEx than and lower cash despite working related decreased $XXX million was capital was million. $XXX more $XX outflows. million, cash taxes. facility $XXX flow million, up XX% down approximately from
now XX% of received anticipated We $XX.X have also of cumulatively collected million an insurance and additional an about $XXX million satellite [ proceeds ].
of in annually, the fixed flow with million has business but Please calculation. of with impact Energy Communication businesses. services revenue our collection business, we no and which Consistent within other minimal Services System completed our sale The $XX proceeds free Services segment. synergies ongoing on portfolio core included had review, note, these approximately the strategic our the cash Integration generated in was
million. The the leverage at EBITDA. finance slightly XX our which GX-XXa and months increased debt net X.Xx adjusted higher was sequential year-over-year trailing and to about about of is leases, lower slightly sequentially commencement b increase Finally, due $XXX by
fiscal will third again, fiscal the section, to in of all the Now let's 'XX third highlights. some to compared segment And 'XX. quarter turn to this references be quarter of
growth In Communication government services was a X%, service. by commercial XX% down , [ $XXX anticipated increase in Services, ] partially led revenue million, grew reflecting by SATCOM. products, and the decline aviation and broadband aircraft strong our in in Aviation U.S. offset in XX% fixed
grew as business X% a Our government connectivity priority. remained SATCOM demand revenue for budget top strong
EBITDA fixed see Those $XXX just continued X% to X% Maritime offerings to down as revenue year-over-year. drove broadband incremental continue declined legacy revenue other pressure. decline, down impacts we U.S. as ARPU XX% and as services Fixed and expected. decline revenue broadband L-band to was subscribers million,
$XXX broad security, sales. information XX%, tactical space including product up and by space mission segment, and systems respectively, Info Awards increased $XXX $XXX DAT, approximately compared versus Defense million, to Advanced performance. to systems across or product defense, and XX% million $XXX networking. strength mission the was of sec strong million. and Technologies, XX% Revenue We and million. up revenues saw cyber XX% Turning were driven and
quarters, revenue have shipments. we by along the Similar about been new revenue these products business periods. tactical $XX recognized of product in last adjusted EBITDA benefited with $XX activation to prior IP certain the Once on that networking in X sold in the million activated, million from radio licensing and line upgrades
to compared future at shipment shipments EBITDA prior-period adjusted Defense revenue the Advanced are growth new difficult XX% were Activations revenues reflecting strong $XX levels of license new from million, was million, and $XX project we lower recognized forecast, segment. year-to-date. than capabilities and to the across Technologies up
in plan, continue than to fiscal expected. driving 'XX in solid cash we while growth our operations Overall, come CapEx lower from continues good against progress to make
cash result, previously lower QX year-to-date burn a has As than and been anticipated.
team to Now but those to rising outlook. turn our challenges. Viasat meet let continue, the is Challenges me
We continue with mid-single EBITDA 'XX to to digits. be expect the up to slightly flat adjusted growth in revenue fiscal year-over-year,
achieving of Given the section results detail additional has segment-level guidance EBITDA we've in fiscal letter our thus clearly far, slides. provided our increased, our confidence 'XX and in and Outlook shareholder
than a about it. talked with efforts CapEx lot that the approximately initiative end 'XX fiscal resource at us all expectation leaves fiscal $XXX We've We billion. will completed some of to now the plan recently that our and CapEx refine 'XX today. our last fiscal are be support lower With will million of I've mentioned, the guidance an outlook 'XX our multiyear $X.X mobilizing strategic and low
to we generate about $XX In and the our million fiscal exit challenges $XXX year. will CapEx recurring OpEx we revenue the we incremental the won't of ground of addition of material related have late a until face as to in space million that and assets 'XX, remaining build ViaSat-X
fiscal we prior adjusted reduction essentially For 'XX billion. EBITDA revenue growth is the 'XX modest CapEx year-over-year flat guidance of Despite expected implied growth. $XXX expect and million 'XX, CapEx, about at to fiscal $X.X
the believe and half occur cash flow year of anticipate around to CapEx as the ground timing the we related we get inflection of elevated beyond will networks. we CapEx, our our shifts the second With fiscal ViaSat-X space in now development free
cash improve for and improved unchanged However, than for progress, our more guidance, outlook but $XXX 'XX do we generation. lot work cash making a sake lower across We're know 'XX we generation with have by adjusted of $XXX million and of the combined has to prior CapEx the midpoint fiscal clarity, million. EBITDA about further essentially our to
efficiency. very for performance is of in operational on and launch Fiscal We're capital In a satellites 'XX remain turn large our help important year productivity improving markets and us, broadband around. growing the fixed our and closing, focused share the trends where good. and maritime NexusWave quarter's one capturing and will of the ViaSat-X was operational
While at teams time, power our our in to aviation, DAT, the same build. earnings continue the we SATCOM government to leveraging continue backlogs and build
honored and our for The Viasat ]. team our improving as customers owners challenges, be is deliver to I'm to people, outcomes for tirelessly of you, up these our and to part work this [ we
to With I'd the back to hand that, over call like Mark.
