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Dec 31, 2022
Avis Q4 2022 Earnings Report
Avis Budget Group achieved record revenues, net income, and Adjusted EBITDA in Q4 2022.
Key Takeaways
Avis Budget Group reported strong Q4 2022 results with revenues up 8% year-over-year to $2.8 billion, driven by increased revenue per day and strong demand. Net income was $424 million and Adjusted EBITDA was $658 million. Full year revenues reached a record $12.0 billion.
Total Company revenues were $2.8 billion for the fourth quarter, driven by strong demand and pricing.
Adjusted EBITDA in the Americas was $624 million for the fourth quarter, driven by record demand.
Adjusted EBITDA in International was $63 million for the fourth quarter, driven by increased pricing and return of demand.
The Board of Directors approved a $1 billion increase to the existing share repurchase authorization in February.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
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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