earnings
confidence high
sentiment negative
materiality 0.80
Avis Budget Q4 net loss $856M, $518M EV impairment; FY revenue $11.7B
AVIS BUDGET GROUP, INC.
2025-FY EPS reported
-$25.25
revenue$11,652,000,000
- Q4 revenue $2.7B, net loss $856M, adjusted EBITDA $5M; rental days down 1% YoY.
- Full year revenue $11.7B, net loss $995M, adjusted EBITDA $748M.
- Recorded $518M impairment on US EV rental cars after shortening useful life.
- Sold EVs to JV, received $183M cash from monetization of tax credits.
- Issued $965M ABS (due June 2028) to pay fleet debt; liquidity $818M + $2.1B funding capacity.