{"schema_version":"secwatch.filing_event.v1","accession":"0001820872-25-000016","form_type":"8-K","ticker":"GBTG","cik":"0001820872","company_name":"Global Business Travel Group, Inc.","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.919658+00:00","generated_at":"2026-05-22T13:36:24.210870+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Amex GBT Q1 revenue $621M (+2% YoY), Adj EBITDA $141M (+15%); lowers FY guidance midpoint 6%","bullets":["Q1 revenue $621M (+2% YoY; +4% constant currency workday-adjusted).","Adjusted EBITDA $141M (+15% YoY); margin expanded 260bps YoY. FCF $26M (+9%).","LTM Total New Wins $3.2B (incl. $2.3B SME); customer retention 96%.","CWT acquisition amended: stock consideration reduced from ~72M to ~50M shares.","Updated FY 2025 guidance: revenue $2.38-2.48B, Adj EBITDA $480-540M, FCF $120-160M."],"urls":{"canonical":"https://secwatch.observer/filing/0001820872-25-000016","json":"https://secwatch.observer/filing/0001820872-25-000016.json","markdown":"https://secwatch.observer/filing/0001820872-25-000016.md","text":"https://secwatch.observer/filing/0001820872-25-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820872/000182087225000016/0001820872-25-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820872/000182087225000016/gbtg-20250506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T13:36:24.210870+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}