Global Business Travel Group, Inc. Stock Price, News & Analysis

American Express Global Business Travel (NYSE: GBTG) has received a credit rating upgrade from S&P Global Ratings, raising its issuer credit rating to 'BB-' from 'B+' with a stable outlook. The upgrade reflects S&P's confidence in the company's continued strong operating performance through 2025.

CFO Karen Williams highlighted the upgrade as recognition of GBTG's strong performance, citing revenue growth, significant margin expansion, free cash flow acceleration, and balanced capital allocation as key factors contributing to the improved rating.

American Express Global Business Travel (NYSE: GBTG) reported strong Q4 and full-year 2024 results. Q4 revenue reached $591 million (up 8% YoY) with Adjusted EBITDA of $110 million (up 39% YoY). Full-year performance showed revenue of $2,423 million (6% growth) and Adjusted EBITDA of $478 million (26% growth).

Key highlights include significant margin expansion with Q4 Adjusted EBITDA margin at 19% (up 420 bps), strong customer retention at 97%, and free cash flow of $165 million. The company achieved $2.8 billion in total new wins and reduced its leverage ratio to 1.8x.

For 2025, GBTG projects 5-7% revenue growth and Adjusted EBITDA growth of 11-17% to $530-$560 million. The Board authorized an additional share buyback of up to $300 million, with 8 million shares already repurchased in private buyback.

American Express Global Business Travel (NYSE: GBTG) has received provisional clearance from the UK's Competition and Markets Authority (CMA) for its proposed acquisition of CWT, a global business travel solutions provider. The CMA has preliminarily concluded that the acquisition raises no competition concerns, with a final decision expected by March 9, 2025.

However, the company faces ongoing challenges as it defends against a lawsuit filed by the U.S. Department of Justice's Antitrust Division in January 2025, which seeks to block the transaction. GBT's Chief Legal Officer argues that the DOJ's lawsuit is fundamentally flawed, citing an outdated view of competition that overlooks emerging competitors in the business travel sector.

The acquisition, announced on March 25, 2024, remains subject to customary closing conditions and regulatory approvals. GBT's CEO states the merger would enhance investment and innovation in business travel, benefiting customers, suppliers, and CWT employees.

American Express Global Business Travel (NYSE: GBTG) has announced it will release its fourth quarter and full-year 2024 financial results on February 27, 2025, before market opening. CEO Paul Abbott and CFO Karen Williams will host a live audio webcast at 09:00 A.M. ET to discuss the company's financial performance and business outlook.

The webcast will be accessible through the Investor Relations section of Amex GBT's website at investors.amexglobalbusinesstravel.com and is expected to last approximately one hour. A replay will remain available on the website for at least 90 days after the event.

American Express Global Business Travel (NYSE: GBTG) has received an interim report from the U.K. Competition and Markets Authority (CMA) regarding its proposed acquisition of CWT. The company strongly disagrees with CMA's assessment that the transaction could substantially lessen competition in the UK. Amex GBT argues that the CMA's report overlooks the highly competitive nature of the business travel sector and focuses incorrectly on a narrow market segment. The company plans to address the CMA's concerns while continuing to work with other regulators, including the U.S. Department of Justice. The transaction is still expected to close in Q1 2025.

American Express Global Business Travel (NYSE: GBTG) reported strong Q3 2024 results with Total Transaction Value (TTV) growing 9% to $7.8 billion and revenue increasing 5% to $597 million. The company achieved significant margin expansion with Adjusted EBITDA growing 23% to $118 million. Free Cash Flow generation was $59 million, leading to raised full-year guidance of approximately $160 million. The Board authorized a $300 million share buyback program, following an $55 million private share buyback completed in Q3. The company maintained a strong 97% customer retention rate and reported LTM Total New Wins Value of $3.0 billion.

American Express Global Business Travel (NYSE: GBTG), a leading software and services company for travel, expense, and meetings & events, has announced that it will report its third quarter 2024 financial results on November 5, 2024, before the market opens. The company, operated by Global Business Travel Group, Inc., will host a live audio webcast at 09:00 A.M. ET on the same day.

During the webcast, which is expected to last approximately one hour, CEO Paul Abbott and CFO Karen Williams will discuss Amex GBT's financial performance and business outlook. Interested parties can access the webcast through the Investor Relations section of Amex GBT's website at investors.amexglobalbusinesstravel.com. A replay of the webcast will be available on the website for at least 90 days following the event.

American Express Global Business Travel (NYSE: GBTG) has announced a private stock repurchase of 8,000,000 shares of its Class A common stock during Q3 2024. The repurchase was made from a single stockholder at approximately $6.85 per share, totaling about $55 million. This represents roughly 1.7% of outstanding shares as of June 30, 2024.

The transaction was funded by cash on hand and unanimously approved by the company's Board of Directors. CFO Karen Williams cited positive and accelerating Free Cash Flow and successful debt refinancing as enabling factors, stating it demonstrates confidence in their long-term strategy.

American Express Global Business Travel (Amex GBT), operated by Global Business Travel Group (NYSE: GBTG), has announced its participation in Citi's 2024 Global TMT Conference. The presentation is scheduled for September 5, 2024, at 11:40AM ET in New York City.

Amex GBT, a leading B2B software and services company specializing in travel, expense, and meetings & events, will provide a live webcast of the event on its investor relations website. Investors and interested parties can access the webcast at investors.amexglobalbusinesstravel.com. For those unable to attend or watch live, a replay will be available on the website for at least 90 days following the event.