Adjusted EBITDA
topic on 3 shows · 3 statements across 3 episodes
Capital Allocators 
the a16z Podcast 
All-In
3 statements about Adjusted EBITDA, every show
Casey: Adjusted EBITDA is a bogus metric that ignores real stock comp expense
“But it's such a bogus metric. You know, the stock-based compensation, which is ignored in that metric, that's a real expense. And you all know it's a real expense, because if you weren't allowed to use stock-based comp, you'd have to pay cash comp, ok?”
Gerstner: Basing corporate bonuses on adjusted EBITDA is negligence
“If you give bonuses to anybody in your business that are, that is based on an adjusted EBITDA metric, Rather than free cash flow per share is the key here, it's negligence.”