Avis Budget Q2 net income $436M, Adj. EBITDA $737M on $3.1B revenue

AVIS BUDGET GROUP, INC.

2023-Q2 EPS reported $18.93 revenue$5,680,000,000

Revenues of $3.1B; rental days up 4% vs Q2 2022.
Adjusted EBITDA: Americas $631M, International $126M; total $737M.
Utilization 70.5%, up 50 bps YoY; fleet well-positioned for peak demand.
Liquidity ~$1.1B plus $1.1B fleet funding capacity; no meaningful maturities until mid-2025.
Issued €400M Senior Notes due 2030 to redeem €300M notes due 2024; voluntary $400M cash into vehicle programs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVIS BUDGET GROUP, INC. reported second quarter 2023 results: revenue $3.1 billion, net income $436 million.

Period: second quarter 2023
Revenue: $3.1 billion
Net income: $436 million
Result: reported results

Exact text from the filing

We ended the quarter with revenues of $3.1 billion, driven by strong demand and seasonal revenue per day increase. Net income was $436 million and our Adjusted EBITDA 1 was $737 million.

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AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000723612-23-000042

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