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40% is a valid EBITDA margin for telcos. Twilio is indeed slightly negative in terms of adjusted EBITDA (around -5%) but market cap of tech companies is usually
by ProfChronos 10y ago
40% is a valid EBITDA margin for telcos. Twilio is indeed slightly negative in terms of adjusted EBITDA (around -5%) but market cap of tech companies is usually rather based on NTM EBITDA or industry average EBITDA - see prospectus of IPOs
- mbesto 10y ago> market cap of tech companies is usually rather based on NTM EBITDA This is almost entirely false. > 40% is a valid EBITDA margin for telcos Uh what? I didn't state that 40% wasn't valid. I simply stated that gross margin != EBITDA.