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"But like so many other companies in these golden times, Coupons.com simply told investors to exclude about $13 million of normal everyday expenses and, abracad
by mastermojo 13y ago
"But like so many other companies in these golden times, Coupons.com simply told investors to exclude about $13 million of normal everyday expenses and, abracadabra, it claims to be profitable on a nonstandard, cockamamie "adjusted Ebitda" basis. It's all part of the show."
My impression is that Groupon made up their own mumbo jumbo financial metrics, but that adjusted EBITDA is a pretty standard financial metric.
- rhizome 13y agoStandard as in, "except for the bad stuff," maybe, but there's no limit to the undefined void of bad stuff.
- 001sky 13y agoadjusted EBITDA is a pretty standard financial metric No... EBITDA is already "adjusted earnings". Adjusted EBITDA is "Adjusted, Adjusted" earnings. Or more correctedly <opportunistically> Adjusted Earnings.
- waps 13y agoEBITDA is already opportunistically adjusted, it's just that people more or less agree which "bad" numbers get excluded. I understand the argument though. EBITDA is somewhat closer to $income - $cost. Whereas actual earnings involve tax, tax loopholes, exchange rates, and loads of other crap.