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Dec 31, 2024
Hertz Q4 2024 Earnings Report
Hertz's Q4 2024 performance reflected revenue of $2.0 billion and a net loss of $479 million. The company focused on stabilizing the business and implementing changes to transform the company, while also completing the 30,000 EV fleet reduction. Narrowed year over year RPU declines and improved vehicle depreciation were also noted.
Key Takeaways
Hertz Global Holdings, Inc. reported Q4 2024 results with revenue of $2.0 billion and a GAAP net loss of $479 million, or $1.56 loss per diluted share. The company focused on stabilizing the business and implementing fundamental changes. A 30,000 EV fleet reduction announced in 2023 has been completed and the company had strong corporate liquidity of $1.8 billion at the end of the quarter.
Revenue for Q4 2024 was $2.0 billion.
GAAP net loss for Q4 2024 was $479 million, or $1.56 loss per diluted share.
The company completed its 30,000 EV fleet reduction plan.
Strong corporate liquidity of $1.8 billion was maintained at the end of 2024.
Hertz
Hertz
Hertz Revenue by Geographic Location
Revenue by Geographic Location
Americas RAC Revenue
CapyFin.com Forward Guidance
Hertz is in the midst of an operational transformation grounded in its back to basics strategy aimed at strengthening the core business. The operational transformation is ongoing and is expected to be substantially completed by the end of 2025.