Avis Budget Shares Up 5% on Strong Q2 Earnings Beat on Record Revenue
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Avis Budget Group Reports Record Second Quarter Results
August 1, 2022 4:02 PM EDTPARSIPPANY, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (NASDAQ: CAR) today announced financial results for second quarter 2022.
We ended the quarter with revenues 37% above second quarter 2021, at $3.2 billion, making it our best quarter revenue in Company history. Our revenues were driven by continued strong demand and increased revenue per day.
Net income was $774 million and our Adjusted EBITDA was $1.2 billion, our best quarterly net income and Adjusted EBITDA in our history.
Our liquidity position at the end of the quarter was approximately $850... More
