EBITDA is a useful measure for understanding how much cash a business generates if you were to strip it down. E.g. EV/ebitda is the most widely multiple for buy

EBITDA is a useful measure for understanding how much cash a business generates if you were to strip it down. E.g. EV/ebitda is the most widely multiple for buyouts and most accurately takes into account operating leverage. It’s less useful for a business like this, but saying “ebitda is a scam” is illiterate.