Avis Price range Group, Inc. (NASDAQ: CAR) reported its fourth-quarter and full-year outcomes for 2025, characterised by a contraction in whole income alongside an enchancment in Adjusted EBITDA.
For the three months ended December 31, 2025, Avis Price range Group recorded consolidated income of $2,664 million, representing a 2% decline from $2,710 million within the prior-year interval. The corporate reported a web lack of $856 million, in comparison with a web lack of $1,957 million within the fourth quarter of 2024. Adjusted EBITDA was $5 million, a rise of 105% from a lack of $101 million in the identical quarter final yr.
- Americas: Income was $2,040 million, a 4% lower year-over-year. Adjusted EBITDA improved to $1 million from a $63 million loss within the prior yr. Rental days remained flat at 30.9 million, whereas income per day (excluding change charges) declined 4% to $66.01.
- Worldwide: Income excluding change price results was flat at $592 million. Adjusted EBITDA rose 291% to $21 million. Rental days decreased 5% to 10.4 million, whereas income per day excluding change price results elevated 5% to $56.76.
For the fiscal yr 2025, annual income was $11,652 million, a 1% contraction from $11,789 million in 2024. The web loss for the yr was $995 million, in comparison with a lack of $1,817 million within the earlier yr. Adjusted EBITDA for the total yr reached $748 million, a 19% enhance over the $628 million reported in 2024. Annual developments indicated stability in rental quantity, with whole rental days at 175.1 million in comparison with 175.7 million in 2024.
Operational developments included the implementation of a International Rightsizing initiative within the Worldwide section to concentrate on extra worthwhile transactions. Within the Americas, the corporate navigated unrepairable security remembers that affected roughly 4% of the fleet through the latter half of the yr. Verified investments have been made in know-how upgrades for discipline operations and the “Avis First” program.
The corporate recorded a long-lived asset impairment cost of $518 million in its Americas section throughout 2025. This cost was related to accelerating the rotation of United States electrical automobile (EV) rental items in reference to the Interpace Ventures transaction.
For the total yr 2026, the corporate has issued the next targets to look at:
- Adjusted EBITDA: Projected between $800 million and $1,000 million.
- Per-Unit Fleet Prices: Estimated at roughly 320 to $330.
Avis Price range Group’s consolidated income declined 2% within the fourth quarter. The corporate narrowed its quarterly web loss to $856 million. Adjusted EBITDA reached $5 million for the quarter. Worldwide section profitability improved regardless of decrease rental quantity. Americas outcomes have been impacted by fleet rotation and security remembers. The 2026 outlook initiatives Adjusted EBITDA between $800 million and $1 billion.
