medium · Investment Banking

An analyst is calculating LTM EBITDA for a company as of September 30, 2025. The FY2024 EBITDA was $1,090 million. EBITDA for the 9 months ended 9/30/2025 was $870 million, and for the 9 months ended 9/30/2024 it was $810 million.

What is the LTM EBITDA?

  1. 1,150 million
  2. 870 million
  3. 1,960 million
  4. 1,030 million

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