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Dec 31, 2023
Avis Q4 2023 Earnings Report
Avis Budget Group reported fourth quarter revenues of $2.8 billion, net income of $260 million, and Adjusted EBITDA of $311 million, driven by strong demand.
Key Takeaways
Avis Budget Group reported record revenue for the full year and the second-best Adjusted EBITDA in the company's history. Q4 revenues reached $2.8 billion, with a net income of $260 million and an Adjusted EBITDA of $311 million. The company paid a one-time special cash dividend of $10 per share and repurchased 1.4 million shares of common stock during the quarter.
Total Company revenues were $2.8 billion for the fourth quarter, driven by strong demand.
Adjusted EBITDA in the Americas was $309 million for the fourth quarter.
Adjusted EBITDA in International was $28 million for the fourth quarter.
The company paid a one-time special cash dividend of $10 per share to shareholders.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The earnings report does not include forward guidance.
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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