Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers
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Hertz Global Holdings (HTZZ) Reports Revenues of $2.2B; Adjusted Diluted EPS of $1.20; Updated Guidance
October 28, 2021 7:17 AM EDTHertz Global Holdings, Inc. (OTCPK: HTZZ; OTCPK: HTZZW) today announced financial results for the third quarter of 2021.
For the third quarter 2021, the Company generated total revenues of $2.2 billion, reflecting the continued rebound in leisure travel and tight fleet inventory as Hertz executes against its strategic roadmap. While volume continued to be lower compared to 2019 levels, these headwinds were partially mitigated by improvements in pricing power. Adjusted Corporate EBITDA reached a record $860 million and the Company achieved a record 39% margin for the third quarter, reflecting the team's dedication to continued operational improvement since completing the... More
