<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/e818c47dd8e94398b9e22123b6a7684e&quot; frameborder=&quot;0&quot; width=&quot;1670&quot; height=&quot;1252&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>1252</height><width>1670</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>1252</thumbnail_height><thumbnail_width>1670</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/e818c47dd8e94398b9e22123b6a7684e-27692eacddf1a9d3.gif</thumbnail_url><duration>212.673</duration><title>Understanding Adbacks in Business Valuation 💼</title><description>Hi, it&apos;s Alex from Riser! In this video, I explain how adbacks are used to normalize EBITDA when estimating a business&apos;s value. Adbacks are non-operational expenses added back to earnings to reflect true capability. Not considering adbacks can lead to undervaluing a business. I suggest working closely with clients to determine adbacks. No action requested.</description></oembed>