Avis Budget Q3 results fall short of expectations
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On November 5, 2026, Business Travel News reported that Avis Budget Group's third-quarter adjusted EBITDA was about $50 million below the company's expectations, with revenue exceeding $3.4 billion, down 2% year over year. The company said it reduced its fleet and prioritized longer rentals and contracted commercial customers, causing revenue per day in the Americas to fall about 1% year over year, while a higher share of commercial customers further reduced it by 0.4%. Third-quarter net income was $183 million, down from $359 million in the prior-year period; the Americas fleet shrank 6% to about 510,800 vehicles, and vehicle utilization rose to 74.1%. The report said the company is shifting toward a leisure long-rental strategy.
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- Business Travel NewsAvis Budget shifts to leisure long-term rental strategy, Q3 results below expectations
Avis Budget Group's Q3 adjusted EBITDA was about $50 million below the company's expectations, with revenue exceeding $3.4 billion, down 2% year over year. The company said it reduced its fleet and prioritized long-term rentals and contracted commercial customers, causing Americas daily revenue to fall about 1% year over year, while a higher share of commercial customers further dragged it down by 0.4%. Q3 net income was $183 million, below $359 million in the same period last year; the Americas fleet shrank 6% to about 510,800 vehicles, and vehicle utilization rose to 74.1%.
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