Avis Budget Group Q3 net income falls 45% to $199 million

• Avis Budget Group’s third-quarter net income attributable to shareholders fell 49% year-over-year to $183 million.
• Revenue declined to $3.44 billion, while vehicle utilization rose to 74%, a third-quarter record.
• The group received $650 million from its Pentwater settlement October 5, with recognition scheduled for the fourth quarter.
• It plans to repay the remaining $350 million of its 5.750% Senior Notes due 2027 before year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avis Budget Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611031601PRIMZONEFULLFEED9869485) on November 03, 2026, and is solely responsible for the information contained therein.