Avis Budget Group Reports Third Quarter Results
1. Q3 2024 revenues decreased 2% to nearly $3.5 billion. 2. Net income fell 62% to $238 million, impacting profitability. 3. Adjusted EBITDA dropped 45% to $503 million, indicating operational challenges. 4. Vehicle utilization improved by 2 points, enhancing fleet efficiency. 5. Repurchased 526,000 shares worth nearly $43 million, boosting shareholder value.