Business Pitch Dictionary by pitch.dog
Revenue, costs & profit · Working

Adjusted EBITDA

Also called: normalised EBITDA

ELI5

EBITDA modified to exclude specified items; adjustments must be transparent and consistently defined.

Used in conversation

“How are we defining adjusted EBITDA in this deck?”

Pitch context

You will see “Adjusted EBITDA” in financial models, budgets, board packs and investor materials when the discussion reaches revenue, costs & profit.

Why it matters: In revenue, costs & profit, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

Connected terms

  • EBITDAEBITDA applies a defined earnings calculation; adjusted EBITDA adds company-selected adjustments and is not automatically comparable across companies.
Sources & evidence · 4

Direct term-level sources and supporting source families.