Avis Budget Group Q2 net income falls to $4 million as revenue holds at $3.0 billion
Avis Budget Group reported second quarter 2025 revenues of $3.0 billion, essentially flat from a year earlier, and net income attributable to the company of $4 million, down from $14 million. Adjusted EBITDA, a non-GAAP measure, rose 29% to $277 million, but higher restructuring charges and other items weighed on GAAP profit, which matters to shareholders because per-share earnings fell to $0.10 from $0.41.
Key points
- Net income attributable to Avis Budget Group was $4 million, or $0.10 per diluted share, versus $14 million, or $0.41, in the second quarter of 2024.
- Revenues were $3,039 million versus $3,048 million a year earlier, and Adjusted EBITDA rose to $277 million from $214 million.
- Restructuring and other related charges were $59 million, compared with $14 million in the prior-year quarter.
- On July 29, 2025, the company announced a partnership with Waymo to launch fully autonomous ride-hailing operations in Dallas, Texas.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.