Global Business Travel reports Q3 EPS (28c), consensus (3c)

Reports Q3 revenue $597M, consensus $613.53M. Total transaction value grew 9% year over year to $7.8B in Q3. Paul Abbott, Amex GBT’s CEO, stated: “We continue to execute on our strategy and deliver strong results with a focus on share gains, margin expansion and investing for growth. Our recent share buyback and larger scale authorization demonstrate our confidence in our long term strategy.”