{"iri":"https://lexicon.financial/ext/AdjustedEBITDA","label":"Adjusted EBITDA","definition":"EBITDA after normalizing for non-recurring items, owner perks, discretionary expenses, and pro-forma run-rate adjustments. The output of a QoE. Contested line-by-line in negotiations because every addback the seller claims directly multiplies into the purchase price at the valuation multiple.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}