this post was submitted on 28 Feb 2024
851 points (97.8% liked)

Technology

60082 readers
2905 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
851
Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)
submitted 10 months ago by [email protected] to c/[email protected]
193 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 10 months ago (1 children)

I'm dumb, how is this different from gross profits?

[–] [email protected] 5 points 10 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

[–] [email protected] 5 points 10 months ago* (last edited 10 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.