Avis Budget Group reports record FY2023 revenue of $12.0B; Q4 Adj. EBITDA $311M

AVIS BUDGET GROUP, INC.

2023-FY EPS reported $42.08 revenue$12,008,000,000

Full year 2023 revenue $12.0B (record); net income $1.6B; Adjusted EBITDA $2.5B (second highest).
Q4 2023 revenue $2.8B; net income $260M; Adjusted EBITDA $311M.
Paid one-time special dividend of $10 per share in Q4; repurchased 1.4M shares for $257M.
Issued $500M Senior Notes due 2031 to redeem €250M notes due 2025 and repay $200M Term Loan C.
Liquidity over $800M plus ~$900M fleet funding capacity; no meaningful maturities until 2026.

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 the fourth quarter ended December 31, 2023 results: revenue $2.8 billion, net income $260 million.

Period: the fourth quarter ended December 31, 2023
Revenue: $2.8 billion
Net income: $260 million
Result: reported results

Exact text from the filing

We ended 2023 with fourth quarter revenues of $2.8 billion, driven by strong demand. Net income was $260 million and Adjusted EBITDA 1 was $311 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AVIS BUDGET GROUP, INC. reported the full year ended December 31, 2023 results: revenue $12.0 billion, net income $1.6 billion.

Period: the full year ended December 31, 2023
Revenue: $12.0 billion
Net income: $1.6 billion
Result: reported results

Exact text from the filing

Full year revenues of $12.0 billion was a new record for the Company. Net income was $1.6 billion and Adjusted EBITDA was $2.5 billion, both second highest full year records for the Company.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

AVIS BUDGET GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000723612-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.