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Airbnb had an adjusted EBITDA of ~$230m in Q1, so Airbnb has turned a profit once. Not sure about Uber
by amanj41 4y ago
Airbnb had an adjusted EBITDA of ~$230m in Q1, so Airbnb has turned a profit once. Not sure about Uber
- spywaregorilla 4y agoAdjusted means you made a profit if you ignore the fact that you made a loss.
- Oxidation 4y agoEspecially when servicing interest on debt (the I) isn't nearly as cheap as it used to be, unless the debt is locked in at a lower interest rate. Even if it is, but the term ends, a rosy-sounding EBITDA can turn ugly.
- ctchocula 4y agoUber has been adjusted EBITDA profitable since 2021 and is close to GAAP profitability (might reach it this year or 2024).
- zinekeller 4y ago"Adjusted" EBITDA is frankly a sign that the company is making "magic" (read: misrepresentations) on its balance sheets. It's not surprising that Airbnb, Lyft and Uber are the only prominent companies using them.