Hertz Q2 2025 net loss narrows to $294M; Adj EBITDA turns positive $1M

HERTZ GLOBAL HOLDINGS, INC

2025-Q2 EPS reported -$2.39 revenue$3,998,000,000

Net loss of $294M ($0.95 diluted loss per share) vs $865M loss ($2.82) YoY; adjusted EPS loss $0.34.
Revenue fell 7% to $2.185B; Adjusted Corporate EBITDA positive $1M vs -$460M in Q2 2024.
Americas RAC revenue $1.738B (-10%), segment Adjusted EBITDA $42M vs -$403M; International RAC revenue up 5% to $447M, EBITDA $42M.
Depreciation per unit per month (DPU) dropped to $251 from $595 YoY, beating <$300 target; utilization 83% vs 80%.
Liquidity over $1.45B; CEO Gil West cites transformation and disciplined fleet management.

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