Adjusted EBITDA decreased $13 million in the first quarter of 2019 compared to the same period of 2018. The decrease was primarily driven by the loss of WorldView-4 which had higher margins.
Services Results
Reported | ||||||||||||
Three months ended | ||||||||||||
March 31, | ||||||||||||
2019 | 2018 | |||||||||||
($ millions) | ||||||||||||
Revenue | $ | 68 |
|
$ |
70 |
|||||||
Adjusted EBITDA | $ | 7 |
|
$ |
4 |
|||||||
Adjusted EBITDA Margin | 10.3 | % | 5.7 | % |