{"schema_version":"secwatch.filing_event.v1","accession":"0001820872-24-000022","form_type":"8-K","ticker":"GBTG","cik":"0001820872","company_name":"Global Business Travel Group, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.373771+00:00","generated_at":"2026-06-02T19:46:02.228466+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"GBTG posts record Q1 EBITDA; agrees to acquire CWT for $570M","bullets":["Q1 revenue $610M (+6% YoY); record Q1 Adjusted EBITDA $123M (+24% YoY).","Reiterated full-year 2024 revenue and Adjusted EBITDA guidance ranges.","Definitive agreement to acquire CWT for $570M (2.5x EBITDA, including $155M synergies).","LTM total new wins value $3.3B; 96% customer retention; share gains continue.","Positive Q1 free cash flow $24M; leverage ratio lowered to 2.2x."],"urls":{"canonical":"https://secwatch.observer/filing/0001820872-24-000022","json":"https://secwatch.observer/filing/0001820872-24-000022.json","markdown":"https://secwatch.observer/filing/0001820872-24-000022.md","text":"https://secwatch.observer/filing/0001820872-24-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820872/000182087224000022/0001820872-24-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820872/000182087224000022/gbtg-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:46:02.228466+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e95640ea656f5f7aaeb4275dbf7fb52d3e98389","claim":"Global Business Travel Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $610 million. Guidance reaffirmed.","evidence_excerpt":"March 31, 2024. First Quarter 2024 Highlights Delivered Strong Financial Results • TTV grew 9% year-over-year (10% workday adjusted 1 ). • Revenue grew 6% year-over-year to $610 million (7% workday adjusted 1 ). • Record first-quarter Adjusted EBITDA of $123 million, representing growth of 24%. • Reiterated full-year 2024 revenue and Adjusted EBITDA guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820872/000182087224000022/0001820872-24-000022-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$610 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}