---
schema_version: "secwatch.filing_event.v1"
accession: "0001820872-24-000002"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:00:34.105514+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amex GBT Q4 revenue $549M, Adj. EBITDA $80M (+83% YoY); guides 2024 EBITDA $450-500M

## Summary
- Full-year 2023 revenue grew 24% and Adjusted EBITDA rose 269% to $380M, above initial guidance.
- Total New Wins Value of $3.5B in 2023, including $2.2B in SME; customer retention rate of 96%.
- Full-year Free Cash Flow positive at $49M; leverage ratio declined to 2.3x; S&P two-notch upgrade.
- 2024 outlook: 6-9% revenue growth, Adjusted EBITDA of $450-500M (18-32% growth).
- Company cites operating leverage, margin expansion, AI automation, and opportunity to refinance debt.

## SEC filing metadata
- accession: 0001820872-24-000002
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2024-03-05T23:59:59+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/1820872/000182087224000002/0001820872-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000182087224000002/gbtg-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820872-24-000002
- JSON: https://secwatch.observer/filing/0001820872-24-000002.json
- Plain text: https://secwatch.observer/filing/0001820872-24-000002.txt

## Key facts
- Earnings Releases
  Global Business Travel Group, Inc. reported financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: reported results
  source text: On March 5, 2024 , Global Business Travel Group, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820872/000182087224000002/0001820872-24-000002-index.htm

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