The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ending
September 30, 2022 |
Year Ending
December 31, 2022 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net loss | $ | (34,900 | ) | $ | (31,000 | ) | $ | (66,100 | ) | $ | (56,500 | ) | ||||
| Income tax expense | 3,000 | 3,100 | 17,200 | 17,600 | ||||||||||||
| Stock-based compensation expense | 23,700 | 23,700 | 86,400 | 86,400 | ||||||||||||
| Interest expense | 200 | 200 | 1,300 | 1,300 | ||||||||||||
| Depreciation and amortization | 8,000 | 8,000 | 32,000 | 32,000 | ||||||||||||
| Special adjustments and other(1) | — | — | 18,200 | 18,200 | ||||||||||||
| Adjusted EBITDA | $ | — | $ | 4,000 | $ | 89,000 | $ | 99,000 | ||||||||
(1) Year ending December 31, 2022, includes $16.6 million expense on the repurchase of convertible senior notes, $6.9 million currency losses on acquisition-related intercompany loans and $5.3 million gain from a mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.
