Auto Rental News
MenuMENU
SearchSEARCH

Hertz Reports Quarterly Revenue of $2.1B

Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.

May 7, 2019
Hertz Reports Quarterly Revenue of $2.1B

 

Photo courtesy of Hertz.

1 min to read


For the first quarter 2019, Hertz reported total revenues of $2.1 billion, a 2% increase versus the first quarter 2018.

Net loss attributable to Hertz Global was $147 million, or $1.75 loss per diluted share, compared to $202 million, or $2.43 loss per diluted share. The company reported adjusted net loss for the first quarter 2019 of $83 million, or $0.99 adjusted diluted loss per share, compared to $131 million, or $1.58, for the same period last year.

Ad Loading...

Adjusted corporate EBITDA was a negative $4 million, compared to negative $59 million.

Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018. Transaction days grew 4%, driven by expanding volume to transportation network company drivers (TNC). Pricing, as measured by total revenue per transaction day, increased 2% in the quarter, and time and mileage pricing was up 4%, driven by high profit leisure categories and the TNC business year-over-year.

Total International rental car revenues decreased 7% year over year, and were flat on a constant currency basis. Volume was up 2%, driven by business and leisure growth in Asia Pacific.

More Rental Operations

50 states map showing LOR rates for each state with different shades of light to dark green

U.S. Rental Length Declines Slightly in Q1 2026, Enterprise Reports

LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.

Read More →
Illustration of a driverless futuristic front seat/dashboard view of other cars on a freeway with city skyline on horizon.

Hertz, Uber Deepen Roles In Self-Driving And Driver-Led Fleet Services

The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.

Read More →
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
Ad Loading...
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
A black Audi SUV superimposed on a historic scene from downtown Tashkent, Uzbekistan.

Carwiz Sets Up Rental Operations In Central Asia

The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.

Read More →
A raging brushfire in the countryside.
Rental Operationsby Martin RomjueApril 30, 2026

Where Rental Fleets Must Adjust To Shifting Catastrophe Risks

West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.

Read More →
Ad Loading...
ARN Industry Newsmakers thumbnail page with ARN and ICRS logos and shots of Nick DiPrima and Martin Romjue
Rental Operationsby Martin RomjueApril 27, 2026

Using AI To Find Rental Car Damage

Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.

Read More →
Photo of CEO Krešimir Dobrilović against a gray modernist crooked-tile mural display.

Carwiz Opens Car Rental Service In Panama

A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.

Read More →
A world map with Flexways logo and new locations headline.

Flexways Opens 10 Locations Among Franchise, Affiliate Rental Networks

The integrated business model combines each operator’s local expertise with international standards to boost sales.

Read More →
Ad Loading...
Photo of a suitcase, passport, and smartphone.

Traveler Customer Satisfaction Up This Year Data Study Shows

The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.

Read More →
Ad Loading...