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Jun 30, 2022
Avis Q2 2022 Earnings Report
Avis Budget Group reported record second quarter results, with revenues 37% above second quarter 2021.
Key Takeaways
Avis Budget Group reported a record second quarter with revenues of $3.2 billion, a 37% increase compared to Q2 2021. Net income reached $774 million and Adjusted EBITDA was $1.2 billion, both historical quarterly records. The company's liquidity position at the end of the quarter was approximately $850 million, with an additional $1.9 billion of fleet funding capacity.
Total Company revenues increased by 37% and 39% compared to second quarter 2021 and 2019, respectively.
Adjusted EBITDA in the Americas was $1.0 billion for the second quarter 2022 driven by the highest quarter demand in history and strong pricing.
Adjusted EBITDA in International was $183 million for the second quarter 2022 driven by increased pricing and volume.
The company's best quarterly net income and Adjusted EBITDA in its history.
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 press release contains forward-looking statements regarding future expectations, travel levels, cost-saving actions, the global semiconductor shortage, and liquidity and cash flows.
Revenue & Expenses
Visualization of income flow from segment revenue to net income