---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-050786"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:33:07.273253+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amex GBT Q3 revenue up 13% to $674M, raises FY Adj EBITDA guidance to $523-533M

## Summary
- Q3 revenue $674M (+13% YoY); net loss improved to $62M from $128M.
- Adjusted EBITDA $128M (+9% YoY); margin 19% vs 20% prior year.
- Raised FY2025 guidance: revenue growth ~12%, Adj EBITDA $523-533M.
- Closed CWT acquisition on September 2, 2025.
- Free cash flow $38M, down 33% YoY.

## SEC filing metadata
- accession: 0001628280-25-050786
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2025-11-10T23:59:59+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/1820872/000162828025050786/0001628280-25-050786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000162828025050786/gbtg-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-050786
- JSON: https://secwatch.observer/filing/0001628280-25-050786.json
- Plain text: https://secwatch.observer/filing/0001628280-25-050786.txt

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