Notification of change in adjusted EBITDA reporting
Catena Media plc has implemented an update to how it evaluates share-based incentive schemes that will affect the reporting of adjusted EBITDA, one of the company’s key alternative performance measures. The change, designed to facilitate full and representative comparability over time, will be applied starting with the Q1 report 2022, to be published on 18 May. The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortisation excluding any items affecting comparability. An accounting review has concluded that expenses, and reversals of expenses,