What was the net income (loss) attributable to Avis Budget Group, Inc. for Budget in 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
noome (1855) attributable to Avis Budget Group, Inc. | * | (1,021) | 1,002 | 2,104 | | Earnings (loss) per share | | | | | | Basic | $ | (51.23) | $ 42.57 | $ 58,41 | | Diluted | $ | (51.23) | $ 42.08 | $ 57.16 |
Avis Budget Group, Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions)
| Year Ended December 31, |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the net income (loss) attributable to Avis Budget Group, Inc. for the year ending December 31, 2024, was a loss of $(1,821). This contrasts with a net income of $1,632 in 2023 and $2,764 in 2022.
This figure represents the portion of Budget's overall net income or loss that is specifically allocated to its parent company, Avis Budget Group, Inc., after accounting for non-controlling interests. Non-controlling interests refer to the portion of a subsidiary's equity not owned by the parent company.
The reported loss of $(1,821) in 2024 could be a crucial data point for prospective Budget franchisees. It is important to investigate the reasons behind this loss and assess whether it is a temporary setback or indicative of a longer-term trend. Understanding the factors contributing to the fluctuating net income attributable to Avis Budget Group, Inc. can help potential franchisees evaluate the financial stability and growth potential of the Budget franchise.