earnings
confidence high
sentiment positive
materiality 0.75
Amex GBT Q2 revenue $625M (+6% YoY), adj. EBITDA $127M (+20%); raises FY FCF guidance to >$130M
Global Business Travel Group, Inc.
2024-Q2 EPS reported
$0.01
revenue$1,235,000,000
- Revenue $625M (+6% YoY); Adjusted EBITDA $127M (+20%); margin expanded 240bps to 20%.
- Free Cash Flow $49M (+148% YoY); FY 2024 FCF guidance raised to >$130M from >$100M.
- Net income $27M vs. loss of $55M a year ago; leverage ratio improved to 2.0x from 3.5x.
- July debt refinancing extended all maturities to 2031, lowered interest costs, increased liquidity.
- LTM total new wins value $3.3B; 97% customer retention; CWT acquisition expected to close Q1 2025.