EBITDA is non-GAAP and needs to come with a disclaimer but it's pretty common and everyone's used to it. The point of it is to isolate the underlying operating

EBITDA is non-GAAP and needs to come with a disclaimer but it's pretty common and everyone's used to it. The point of it is to isolate the underlying operating profit without the complicating details of capital structure, tax regime, or capex. Things like WeWork's "community-adjusted EBITDA" read like punchlines, though.