Thursday, February 28, 2019

Boingo Wireless Revenues Rise To $250.8M

Los Angeles-based Boingo Wireless, which provides both Wi-Fi services as well as distributed antenna systems (DAS), reported its 2018 financial results on Wednesday, saying that its annual revenues rose to a record $250.8M in 2018. According to Boingo, those results were a 22.7 percent year-over-year increase. For the fourth quarter, the company said it had revenues of $67.8M, driven by increases in the DAS, military and multifamily market, as well as wholesale Wi-Fi services. Company CEO David Hagan said in its results that this is the company's fifth year of double-digit revenue growth.