secwatch.observer — SEC 8-K summary
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Issuer:     Global Business Travel Group, Inc. (GBTG)
CIK:        0001820872
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001820872-25-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amex GBT Q1 revenue $621M (+2% YoY), Adj EBITDA $141M (+15%); lowers FY guidance midpoint 6%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820872/000182087225000016/0001820872-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820872/000182087225000016/gbtg-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001820872-25-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer