earnings
confidence high
sentiment positive
materiality 0.75
Amex GBT Q3 revenue $597M (+5% YoY), raises FCF guidance to ~$160M, authorizes $300M buyback
Global Business Travel Group, Inc.
2024-Q3 EPS reported
-$0.26
revenue$1,832,000,000
- Revenue $597M (+5% YoY); TTV $7.8B (+9%); Adjusted EBITDA $118M (+23%, margin 20% up 300bps).
- Free cash flow $59M in Q3; full-year FCF guidance raised to ~$160M from >$130M.
- Board authorized $300M share buyback; already repurchased 8M shares (~$55M) in Q3.
- Revenue and Adjusted EBITDA guidance narrowed: revenue $2.415-2.435B, Adj. EBITDA $470-480M.
- Net loss $128M due to derivative fair value moves and debt extinguishment loss, vs $8M loss last year.