Filing Flows › Avis Budget Group (CAR) › Q1 2025
Avis Budget Group (CAR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Avis Budget Group (CAR) reported revenue of $2.4B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -10% from the quarter before. Operating margin was -27.9%, net loss $504M (20.7% of revenue).
Avis Budget Group, Q1 2025: revenue $2.4B (-5% year over year), operating margin -27.9%, net loss $504M, operating cash flow $619M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -10% | -5% |
| Operating profit | −$677M | — | — |
| Net earnings | −$504M | — | — |
| Operating cash flow | $619M | -20% | +5% |
What changed
Revenue was $2.4B in Q1 2025, down 5% year over year and down 10% from the previous quarter. Avis was the largest line at 56% of revenue. Avis lost $0.09B year over year (down 6%), 73% of the total change.
Operating costs exceeded revenue by $0.68B, an operating margin of -27.9%. Total costs grew 15% against a revenue fall of 5%. The fastest-growing cost line was Other operating costs (+18%). The quarter ended with a net loss of $0.50B, narrower than the previous quarter's $2.0B loss.
Operating cash flow was $0.62B (up 5% year over year). Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $1.1B.
Questions
What was Avis Budget Group's revenue in the first quarter 2025?
Avis Budget Group (CAR) reported revenue of $2.4B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -10% from the quarter before.
Was Avis Budget Group profitable in the first quarter 2025?
Operating loss was $677M (-27.9% of revenue) and net loss $504M.
Source: Avis Budget Group 10-Q on SEC EDGAR.