Loading...
•
Dec 31, 2021
Avis Q4 2021 Earnings Report
Avis Budget Group achieved record revenues, net income, and Adjusted EBITDA.
Key Takeaways
Avis Budget Group reported strong Q4 2021 results with revenues up 90% year-over-year and 19% above Q4 2019, reaching $2.6 billion. Net income was $381 million, and Adjusted EBITDA reached a record $683 million. The company's utilization rate was 68.2%, demonstrating effective fleet management.
Total Company revenues for the fourth quarter increased by 90% and 19% compared to fourth quarter 2020 and 2019, respectively.
Adjusted EBITDA in the Americas was $670 million for the fourth quarter driven by strong pricing, increased demand and sustained cost discipline.
Adjusted EBITDA in International was $32 million for the fourth quarter driven by strong pricing, continued recovering volume and strong cost mitigating actions.
The company repurchased approximately 2.6 million shares of common stock in the fourth quarter at an average cost of $170.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Certain statements in this press release constitute “forward-looking statements.” Any statements that refer to outlook, expectations or other characterizations of future events, circumstances or results, including all statements related to our future results, impact from the COVID-19 outbreak, future travel levels, cost-saving actions, the global semiconductor shortage and cash flows are forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...