Skip to content
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.
When the words have to travel

Need an investor or company deck?

Bring the business, the evidence or the half-formed ask. We help it travel beyond the spreadsheet.

See how pitch.dog can help
Sources & evidence · 4

Direct term-level sources and supporting source families.