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Sep 30, 2021
Avis Q3 2021 Earnings Report
Avis Budget Group achieved record net income and Adjusted EBITDA.
Key Takeaways
Avis Budget Group reported a strong third quarter with revenues almost double the prior year, reaching $3.0 billion, a 9% increase compared to Q3 2019. Net income reached $674 million, and Adjusted EBITDA was $1,057 million, the highest in the company's history. The company's utilization for the quarter was 71.6%.
Total Company revenues increased by 96% compared to third quarter 2020.
Adjusted EBITDA in the Americas was $952 million for the third quarter 2021.
Adjusted EBITDA in International was $128 million for the third quarter 2021.
The company repurchased approximately 11.6 million shares of common stock in the third quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding the company's outlook, expectations, and future results, which are subject to various risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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