Avis Budget Q3 revenue $3.5B (+18% YoY), record net income $1.0B and Adjusted EBITDA $1.5B

AVIS BUDGET GROUP, INC.

2022-Q3 EPS reported $46.32 revenue$9,223,000,000

Revenue $3.5B, up 18% vs Q3 2021 and 29% vs Q3 2019; all-time quarterly record.
Net income $1.0B and Adjusted EBITDA $1.5B, both best quarterly results in company history.
Americas Adjusted EBITDA $1.2B, International $291M; each a regional quarterly record.
Liquidity ~$1.7B with $2.6B fleet funding capacity; no material debt maturities until 2024.
QuickPass deployed at all major U.S. airports; EV infrastructure investments continuing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVIS BUDGET GROUP, INC. reported third quarter 2022 results: revenue $3.5 billion, net income $1.0 billion.

Period: third quarter 2022
Revenue: $3.5 billion
Net income: $1.0 billion
Result: reported results

Exact text from the filing

We ended the quarter with revenues 18% above third quarter 2021, at $3.5 billion, a new quarterly revenue record, surpassing our second quarter 2022 record, driven by continued strong demand and increased revenue per day. Net income w as $1.0 billion and our Adjusted EBITDA was $1.5 billion , our best quarterly net income and Adjusted EBITDA in our history.

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Source: SEC EDGAR

accession 0000723612-22-000049

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