Earnings before interest, taxes, depreciation and amortization

Earnings before interest, taxes, depreciation, and amortization, commonly known as EBITDA ( EE-bit-dah, EB-it-dah), is a measure of a company's profitability of the operating business only, before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g., wages, costs of raw materials, and services) but not decline in asset value, cost of borrowing and obligations to governments.

Source: Wikipedia — Earnings before interest, taxes, depreciation and amortization (CC BY-SA 4.0)