[psswrd12345]

Is there anything funnier than money incinerating "tech" companies' non-GAAP EBITDA? "Hey, sure we may have lost $1.5B, but look if we ignore over $1.3B of stock based compensation and a few other very real expenses, we actually made money!"

[adam_arthur]

The stock-based compensation numbers are truly staggering. EBITDA/FCF measures tend to completely ignore it, making actual profitability significantly worse than non-GAAP measures imply

SNAP:

Revenue: $1.3B and projected to decline

Stock based comp: $446M

[kgwgk]

EBITDA doesn’t ignore stock-based compensation. Adjusted EBITDA typically does so though - just like adjusted EPS.

[idlewords]

Earnings before interest, taxes, payroll, depreciation, losses, dividends, and expenses.

[deltree7]

OTOH, there are few companies on this planet that can boast 375 Million DAU

[psswrd12345]

There are even fewer than can have that many and yet still lose $1.5B.