Adjusted EBITDA

Adjusted EBITDA, or Earnings Before Interest, Taxes, Depreciation, and Amortization, is a financial metric used to assess a company's operational performance. Unlike traditional EBITDA, Adjusted EBITDA removes one-time expenses and non-recurring items that can distort a company's true profitability. This adjustment offers a clearer picture of recurring business operations by excluding revenues and expenses that are unusual or unlikely to occur in the future. Businesses and investors often rely on Adjusted EBITDA to compare performance across different companies and industries, as it provides a normalized measurement that can be particularly useful for making investment decisions and evaluating profitability trends.