Amex GBT Q3 revenue up 147% to $488M; reiterates FY22 guidance

Global Business Travel Group, Inc.

2022-Q3 EPS reported -$0.38 revenue$1,324,000,000

Revenue $488M (+147% YoY); recovery at 72% of 2019 levels (vs 65% in Q2).
Adjusted EBITDA $41M; net loss $73M.
Full-year guidance affirmed: revenue $1.8B-$1.85B, Adj. EBITDA $90M-$100M.
New wins $4.1B in last 12 months; SME new wins $2.5B; retention 95%.
Egencia synergies: $109M expected, 70% achieved; 80% of $235M cost savings realized.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Business Travel Group, Inc. reported third quarter ended September 30, 2022 results: revenue $488 million, net income ($73) million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $488 million
Net income: ($73) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

platform, today announced financial results for the third quarter ended September 30, 2022. Q3 2022 Highlights Strong Revenue and Earnings Trends · Revenue increased 147% to $488 million compared to Q3 2021. · Revenue recovery reached 72% of 2019 pro forma 1 revenue, up from 65% in Q2 2022. · Adjusted EBITDA 2 totaled $41 million. Adjusted EBITDA 2 fall-through

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Source: SEC EDGAR

accession 0001104659-22-116831

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