Adjusted EBITDA decreased to $123 million from $133 million, or by $10 million, for the three months ended June 30, 2019, compared to the same period of 2018. The decrease was primarily driven by the impact of the loss of revenue generated from the WorldView-4 satellite and the impact due to the delayed contract signing of an existing international customer, both of which had higher margins.
Services
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
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($ millions) |
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Revenues |
$ |
74 |
|
$ |
66 |
|
$ |
142 |
|
$ |
136 |
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Adjusted EBITDA |
$ |
6 |
|
$ |
6 |
|
$ |
13 |
|
$ |
10 |
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Adjusted EBITDA Margin |
|
8.1 |
% |
|
9.1 |
% |
|
9.2 |
% |
|
7.4 |
% |