---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-057496"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:48:18.788771+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GBTG Q1 2023 revenue $578M (+65% YoY); Adjusted EBITDA $99M; net loss $27M

## Summary
- Revenue of $578M, up 65% vs Q1 2022; net loss of $27M.
- Adjusted EBITDA totaled $99M with a 17% margin.
- Total transactions rose 61% YoY, reaching 76% of 2019 pro forma levels.
- LTM SME New Wins Value reached $2.2B per annum; 95% customer retention rate.
- CEO expects continued strong results in Q2 and full year 2023.

## SEC filing metadata
- accession: 0001104659-23-057496
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820872/000110465923057496/0001104659-23-057496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000110465923057496/tm2314965d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-057496
- JSON: https://secwatch.observer/filing/0001104659-23-057496.json
- Plain text: https://secwatch.observer/filing/0001104659-23-057496.txt

## Key facts
- Earnings Releases
  Global Business Travel Group, Inc. reported quarter ended March 31, 2023 results: revenue $578 million, net income Net loss totaled $(27) million.
  - Period: quarter ended March 31, 2023
  - Revenue: $578 million
  - Net income: Net loss totaled $(27) million
  - Result: reported results
  source text: platform, today announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Strong Revenue and Adjusted EBITDA Growth · Revenue totaled $578 million, an increase of 65% versus Q1 2022. · Adjusted EBITDA 1 totaled $99 million, with an Adjusted EBITDA Margin 2 of 17%. Net loss totaled $(27) million. Strong SME Growth · SME
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820872/000110465923057496/0001104659-23-057496-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.