Twice this week I’ve heard of EBITDA, the last conversation while taking an outdoor break with a coworker bemoaning some head scratching strategy choices from management where I work.
EBITDA itself is an interesting number that tells you something about the company in question. It's not the only number you should use, and it can definitely be misleading if it's the only thing you look at, but it does tell you something about the underlying business.
However, 'We' has it's own EBITDA-sounding metric where they exclude so many expenses it is laughable.
Thanks for the explainer link.