Amex GBT corrects buyback to $600M; Q4 prelim rev +34% to $792M, net income $83M

Global Business Travel Group, Inc.

Corrects prior 8-K: share repurchase authorization increased to $600M (doubled; increase of $300M).
Preliminary Q4 2025: revenue $792M (+34% YoY), TTV $10B (+45%), adjusted EBITDA $130M (+17%).
Preliminary FY2025: revenue $2.718B (+12%), adj EBITDA $532M (+11%), net income $111M (vs loss $134M).
FY2026 guidance: revenue $3.235-3.295B (19-21% growth), adj EBITDA $615-645M (16-21% growth).
Net cash from ops $233M, free cash flow $104M for FY2025; Q4 net income $83M vs prior loss $14M.

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