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Is there anything funnier than money incinerating "tech" companies' non-GAAP EBITDA? "Hey, sure we may have lost $1.5B, but look if we ignore over $1.3B of sto
by psswrd12345 4y ago
Is there anything funnier than money incinerating "tech" companies' non-GAAP EBITDA? "Hey, sure we may have lost $1.5B, but look if we ignore over $1.3B of stock based compensation and a few other very real expenses, we actually made money!"
- adam_arthur 4y agoThe stock-based compensation numbers are truly staggering. EBITDA/FCF measures tend to completely ignore it, making actual profitability significantly worse than non-GAAP measures imply SNAP: Revenue: $1.3B and projected to decline Stock based comp: $446M
- kgwgk 4y agoEBITDA doesn’t ignore stock-based compensation. Adjusted EBITDA typically does so though - just like adjusted EPS.
- drexlspivey 4y agoCommunity adjusted EBITDA
- deltree7 4y agoOTOH, there are few companies on this planet that can boast 375 Million DAU
- psswrd12345 4y agoThere are even fewer than can have that many and yet still lose $1.5B.
- shuckles 4y agoThat’s a tautology since you described a subset.
- idlewords 4y agoEarnings before interest, taxes, payroll, depreciation, losses, dividends, and expenses.