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Global Business Travel Group (GBTG)
NYSE:GBTG
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.04Last Year’s EPS
-$0.06Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 22.79%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant highlights, including strong adjusted EBITDA growth, increased free cash flow, and high customer retention rates. Despite softer SME growth and EMEA performance, the company is making strides with new investments, debt refinancing, and a share buyback program. Overall, the company demonstrated resilience and strategic progress in a challenging macroeconomic environment.Company Guidance
During the Q3 2024 earnings call for American Express Global Business Travel (GBTG), the guidance provided several key metrics that highlight the company's financial performance and strategic direction. The company achieved a 5% increase in transactions, with Total Transaction Value (TTV) growing by 9% to nearly $8 billion, and revenue reaching $597 million, a 5% rise year-over-year. Adjusted EBITDA grew 23% to $118 million, with an impressive margin expansion of 300 basis points. The company raised its free cash flow guidance to approximately $160 million for the full year, marking a significant increase from the previous year's levels. GBTG also maintained a high customer retention rate of 97% and reported $3 billion in new wins over the last 12 months. In terms of capital allocation, the company executed its first share buyback and announced a new authorization for up to $300 million, underscoring its commitment to returning cash to shareholders. The guidance reflects a focus on continued growth, cost control, and strategic investments, with expectations of closing the CWT acquisition in Q1 2025.Strong Adjusted EBITDA Growth
Adjusted EBITDA grew 23% to $118 million with a strong margin expansion of 300 basis points.
Revenue and Transaction Growth
Revenue was up 5% to $597 million, driven by 5% transaction growth and a 9% increase in TTV.
Free Cash Flow Acceleration
Free cash flow generation of $59 million exceeded expectations, leading to a raised full year guidance of approximately $160 million.
High Customer Retention and New Wins
Maintained very high customer retention rate of 98% and achieved $3 billion in new wins over the last 12 months.
Successful Debt Refinancing
Significant reduction in interest expenses, achieving expected run rate cash interest savings of approximately $50 million.
Share Buyback Program
Executed a share buyback and announced a new authorization of up to $300 million.
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GBTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GBTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $7.68 | $7.73 | +0.65% |
| Aug 06, 2024 | $6.03 | $7.04 | +16.75% |
| May 07, 2024 | $6.23 | $5.96 | -4.33% |
| Mar 05, 2024 | $5.67 | $5.64 | -0.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Business Travel Group (GBTG) report earnings?
Global Business Travel Group (GBTG) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Global Business Travel Group (GBTG) earnings time?
Global Business Travel Group (GBTG) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GBTG EPS forecast?
GBTG EPS forecast for the fiscal quarter 2024 (Q4) is $0.04.
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