Exceeds 2016 Guidance Range and Provides 2017 Outlook

Full Year Revenue up 3.3% to $725.4 Million

Grew Net Income 13.7% to $26.5 Million

Grew Adjusted EBITDA 7.6% to $382.7 Million

Announces Combination with MacDonald, Dettwiler and Associates Ltd. (“MDA”)

Earnings Highlights to be Discussed on Joint MDA and DGI Conference Call at 8:30 am E.T.

WESTMINSTER, Colo. — (BUSINESS WIRE) — February 24, 2017 — DigitalGlobe, Inc. (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today reported financial results for the full year and fourth quarter ended December 31, 2016.

Full Year Financial Summary:

• Grew U.S. Government revenue by 3.3% driven by the addition of The Radiant Group and an increase in value-added services revenue.
• Grew Diversified Commercial revenue by 3.3% due to increased demand for Global Basemap product suite and strength in other defense and intelligence sales.
• Grew net income 13.7% to $26.5 million, or $0.34 per diluted share.
• Expanded net income margin 40 bps to 3.7%.
• Grew adjusted EBITDA 7.6% to $382.7 million.
• Expanded adjusted EBITDA margin 220 bps to 52.8%.
• Net cash flows from operations decreased 8.5% to $301.6 million.
• Free cash flow declined 34.1% to $109.6 million due to increased capital expenditures, including launch insurance, for WorldView-4, and one time additional payments from our largest customer in the prior year.

Fourth Quarter Financial Summary:

• Grew total revenue 6.1% due to the addition of The Radiant Group and growth in value-added services revenue.
• Net income (loss) decreased to $(9.3) million, or ($0.17) per diluted share, compared to $10.6 million, or $0.13 per diluted share, in the prior year, primarily as a result of the $35.7 million loss on extinguishment of debt recognized in relation to our debt refinancing in 2016.
• Net income margin declined 1060 bps to (4.8%).
• Adjusted EBITDA decreased 7.8% to $94.4 million.
• Adjusted EBITDA margin declined 740 bps to 49.0% primarily due to Radiant Group transaction.
• Net cash flows from operations decreased 5.7% to $86.9 million.
• Increased free cash flow 70.2% to $49.7 million due to lower capital expenditures following the launch of WorldView-4.

Recent Highlights:

• Successfully launched WorldView-4 on November 11, 2016 and achieved commercial operations with first DAP customer in February.
• Completed the combination with Radiant, a leading provider of geospatial solutions to the U.S. intelligence community.
• Signed Esri and Harris as ecosystem partners, who join additional development partners and customers including Facebook, Orbital Insight, SpaceKnow, PSMA, Lockheed Martin and PrecisionHawk, among others.
• Refinanced outstanding debt by entering into a new Credit Facility in December 2016 and extinguishing our $600.0 million aggregate principal amount of outstanding 5.25% Senior Notes through a tender offer and subsequent redemption completed in January 2017.
• Completed share repurchase program for a total of 15,365,411 shares at an average price of $21.82 per share, for a total of $335.3 million.

“We wrapped up a solid year on a high note with our successful launch of WorldView-4 and the completion of the Radiant Group transaction," said Jeffrey R. Tarr, DigitalGlobe CEO. “Our improved results reflect solid execution against our strategy for shareowner value creation and position us well for 2017. We look forward to continued profitable growth as we expand our International Defense and Intelligence business with assured access to our newest high resolution satellite, develop new commercial use cases, expand our rapidly growing geospatial big data analytics platform, and realize the full potential of our services business with the addition of Radiant. Furthermore, we are pleased to have reached an agreement to combine with MDA as we separately disclosed today.”