Amex GBT Q2 revenue record $592M, +22% YoY; raises FY guidance

Global Business Travel Group, Inc.

2023-Q2 EPS reported -$0.27 revenue$1,170,000,000

Revenue $592M (record), up 22% YoY; Adjusted EBITDA $106M, +126% YoY.
Net loss $(55)M; Free Cash Flow positive at $19M, ahead of projections.
Total transactions +12% YoY; SME transactions +15% YoY.
LTM Total New Wins Value $3.4B per annum; 95% customer retention.
FY 2023 revenue guidance raised to $2.25-2.28B (22-23% growth); Adj. EBITDA guidance $365-385M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Business Travel Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $592 million, net income Net loss totaled $(55) million. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $592 million
Net income: Net loss totaled $(55) million
Guidance: raised
Result: reported results

Exact text from the filing

results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Outstanding Q2 Results · Financial results exceeded Q2 2023 guidance · Revenue totaled $592 million, an increase of 22% versus Q2 2022. · Adjusted EBITDA 1 totaled $106 million, an increase of 126% versus Q2 2022, with an Adjusted EBITDA Margin 2 of 18%. Net loss totaled $(55)

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Source: SEC EDGAR

accession 0001104659-23-089574

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