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Mar 31
Avis Q1 2025 Earnings Report
Avis Budget Group reported financial results for the first quarter of 2025.
Key Takeaways
Avis Budget Group ended the first quarter of 2025 with revenues of $2.4 billion, a net loss of $505 million, and an Adjusted EBITDA loss of $93 million. The company recorded a non-cash fleet charge of $390 million related to the disposition of certain vehicles in the Americas as part of an accelerated fleet rotation strategy.
Revenues for the first quarter of 2025 were $2.4 billion, a 5% decrease compared to the first quarter of 2024.
The company reported a net loss attributable to Avis Budget Group, Inc. of $505 million for the first quarter of 2025, compared to a net loss of $114 million in the same period last year.
Adjusted EBITDA was a loss of $93 million in the first quarter of 2025, compared to income of $12 million in the first quarter of 2024.
A non-cash fleet charge of $390 million was recorded in the Americas segment during the first quarter related to vehicle dispositions.
Avis
Avis
Avis Revenue by Segment
Avis Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company does not provide specific forward guidance in this report, but notes that advanced reservations are trending positively and they will monitor demand trends.
Positive Outlook
- Substantial progress made on fleet rotation strategy with a record number of vehicle disposals.
- Anticipated realization of improved vehicle costs sooner than initially expected.
- Solid first quarter results that met expectations, considering calendar shifts.
- Advanced reservations continue to trend positively.
- Maintaining the ability to adjust fleet size based on demand trends.
Challenges Ahead
- Decrease in revenue and higher fleet costs in the Americas segment.
- Decrease in rental days in the International segment.
- Exposure to high level of competition in the mobility industry, including from new companies or technology.
- Sensitivity to changes in fleet costs due to various factors including inflation, trade disputes, and supply chain issues.
- Vulnerability to volatility in travel demand and economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income