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Dec 31, 2024
Avis Q4 2024 Earnings Report
Key Takeaways
Avis Budget Group reported Q4 2024 revenue of $2.71 billion, down 2% YoY. The company posted a net loss of $1.96 billion, driven by a $2.3 billion non-cash impairment related to accelerated fleet rotation in the Americas. Adjusted EBITDA was a loss of $101 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Avis Budget Group expects 2025 to benefit from strong travel demand and improved fleet cost management, aiming for no less than $1 billion in Adjusted EBITDA.
Positive Outlook
- Strong holiday and leisure travel demand
- Improved fleet rotation strategy for cost management
- Stable liquidity position with $1.1 billion in available funding
- Expected Adjusted EBITDA of at least $1 billion for 2025
- CEO transition plan ensuring strategic continuity
Challenges Ahead
- Significant impairment charges impacting Q4 results
- Declining revenue YoY in both Americas and International segments
- Higher per-unit fleet costs compared to previous year
- Uncertain macroeconomic conditions affecting travel industry
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
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