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Global Business Travel Group, Inc. reports developments for Amex GBT, a software and services company for corporate travel, expense management, and meetings and events. Company news centers on operating results, transaction-driven travel revenue, product and professional services revenue, business travel demand, and technology-enabled travel management solutions.
Recurring updates also cover capital allocation and balance-sheet actions, including share repurchase authorization changes and senior secured credit facility amendments. Corporate developments include the completed CWT acquisition, integration and synergy commentary, strategic alliance activity, and AI-related product and productivity initiatives within the company’s B2B travel platform.
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Global Business Travel Group (NYSE: GBTG) announced that American Express Global Business Travel will report its first quarter 2023 financial results on May 9, 2023, before the market opens. The financial performance and business outlook will be discussed in a live audio webcast starting at 9:00 a.m. ET.
Chief Executive Officer Paul Abbott and Chief Financial Officer Martine Gerow will lead the discussion. The webcast is expected to last around one hour and can be accessed via the Company’s Investor Relations website.
American Express Global Business Travel is recognized as the foremost B2B travel platform, catering to companies of all sizes with travel, expense management, and meeting services across over 140 countries.
American Express Global Business Travel (GBTG) reported its financial results for Q4 and full-year 2022, achieving a revenue of $1.85 billion and Adjusted EBITDA of $103 million, exceeding forecasts. Q4 revenue rose by 84% to $527 million, recovering to 75% of pro forma 2019 levels. The net loss improved to $63 million, a significant reduction from prior periods. The company noted robust recovery in the SME segment with transaction recovery hitting 82%.
For 2023, GBTG anticipates revenue between $2.17 billion and $2.22 billion, reflecting 17% to 20% year-over-year growth.