Avis Q4 2023 Earnings Report
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.
Avis
Avis
Avis Revenue by Segment
Avis 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