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Avis Budget   Net loss was $31 million

Avis Budget Q4 revenue $1.9 billion

Avis BudgetAvis Budget Group reported results for its fourth quarter and year ended December 31, 2016.

For the quarter, the company reported revenue of $1.9 billion and a net loss of $31 million, or $0.35 per share.

READ MORE Avis Budget Group reports 10% rise in Q3 profit

The company reported Adjusted EBITDA of $121 million and adjusted net income of $13 million, or $0.15 per diluted share, in the quarter.

For the year, the company reported revenue of $8.7 billion, an increase of 2% compared with 2015.

Net income was $163 million, or $1.75 per diluted share. The company reported full-year Adjusted EBITDA of $838 million and adjusted net income of $273 million, or $2.93 per diluted share.

The company reported net cash provided by operating activities of $2.6 billion and free cash flow of $472 million in 2016.

As discussed further below, the company's fourth quarter and full-year Adjusted EBITDA exclude, among other adjustments, a charge of $26 million ($16 million, net of tax) related to a recent judgment against the company in a personal-injury trial.




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