this post was submitted on 28 Feb 2024
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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)
submitted 8 months ago by Clbull@lemmy.world to c/technology@lemmy.world
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[–] Aceticon@lemmy.world 5 points 8 months ago (1 children)

If i'm not mistaken (not an accountant but did do the accounts of a tiny company at one point) Interest, Depreciation and Amortization go into the calculation of gross (i.e. before tax) profits, unlike with EBITDA

[–] Clbull@lemmy.world 5 points 8 months ago* (last edited 8 months ago)

EBITDA is used moreso in internal quarterly and monthly management accounts, which don't follow the exact same structure as an annual report which companies have to publish annually by law and follow GAAP and IFRS guidelinss when preparing.