How did Avis's revenue trends shift from 2022 to 2024?
4/1/2025 12:29am
Avis Budget Group's (CAR) revenue trends shifted as follows from 2022 to 2024:
1. **Stable Total Revenue**: Avis's total revenue remained relatively stable, with a slight increase from $11.99 billion in 2022 to $12.01 billion in 2023, and a slight decrease to $11.79 billion in 2024.
|code|Ticker|Name|Date|Total Revenue (FY)|Total Revenue (FY) YoY|market_code|
|---|---|---|---|---|---|---|
|CAR|CAR.O|Avis Budget Group|2022|1.1994E10|28.78771609578009|185|
|CAR|CAR.O|Avis Budget Group|2023|1.2008E10|0.1167250291812573|185|
|CAR|CAR.O|Avis Budget Group|2024|1.1789E10|-1.8237841439040638|185|
2. **Quarterly Variations**: The company's revenue was more volatile on a quarterly basis, with a significant increase from $2.67 billion in 2022 Q4 to $3.21 billion in 2023 Q4, followed by a decrease to $2.76 billion in 2024 Q4.
3. **Growth Focus**: The fluctuating quarterly revenue could indicate a strategic focus on growth initiatives, possibly balancing increased demand with investments in technology and market expansion.
In summary, Avis's revenue showed resilience with a slight overall increase, despite seasonal fluctuations, suggesting a strong market presence and effective management of operational and strategic initiatives.