GBTG Q3 revenue up 17% YoY; Adjusted EBITDA +135%; positive year-to-date free cash flow

Global Business Travel Group, Inc.

2023-Q3 EPS reported -$0.20 revenue$1,741,000,000

Revenue grew 17% and Adjusted EBITDA rose 135% versus Q3 2022.
Cash from operations $135M; free cash flow $107M in Q3; year-to-date free cash flow positive.
Leverage ratio lowered to 2.7x, triggering reduced interest rates from Q4 2023.
LTM Total New Wins Value $3.3B; 95% retention; total transactions up 9% YoY.
Reiterated full-year 2023 revenue and Adjusted EBITDA guidance; raised free cash flow outlook.

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 0.9

Global Business Travel Group, Inc. updated its the quarter ended September 30, 2023 guidance (reaffirmed).

Period: the quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Global Business Travel Group, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001820872-23-000006

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