Avis Budget Sees 2026 Adjusted EBITDA at $850 Million, Low End of Prior Outlook
Bitget2026/11/05 14:28- Avis Budget Group expects 2026 adjusted EBITDA of approximately $850 million, the low end of its July guidance range.
- Fourth-quarter adjusted EBITDA is forecast at approximately $165 million, compared with $5 million a year earlier.
- Low-single-digit quarterly revenue growth is expected as higher revenue per day more than offsets declining rental days.
- Third-quarter adjusted EBITDA fell 8% to $513 million, roughly $50 million below expectations, reflecting weaker demand and slow cost adjustments.
- Monthly per-unit fleet costs are projected at $310–$320 for the fourth quarter; the full-year outlook remains $315–$325.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After acquiring SpotHero, Uber (UBER.US) makes its debut in the parking sector with a parking space reservation feature, initially available in 15 U.S. cities
Uber has launched a brand new parking space reservation feature, which marks its first step in the parking sector following its acquisition of the parking app SpotHero earlier this year.
Arbitrum will welcome a new propAMM
Domestic sales "underperform," PepsiCo (PEP.US) launches mass layoffs of thousands in North America
PepsiCo North America has cut about 1,000 jobs to streamline operations, as beverage sales in the third quarter fell by 2% year-on-year and the full-year profit outlook has been revised downward.
WLFI: Token buyback will be carried out on Aster through a public wallet
Crypto prices
More
