EBITDA tends to be more useful for analyzing capital-intensive companies or those with substantial intangible assets (and amortization expenses). If EBIT were to be used, there could be a misguided interpretation that the company was incurring steep losses when, in actuality, those are non-cash ...
and the potential loss of such relationships or failure to renew or expand existing relationships; fraud, corruption or negligence related to sports events, or by our employees or contracted statisticians; risks related to changes in domestic and foreign laws and regulations or their int...