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

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.

American Express Global Business Travel (GBTG) announced it will report its fourth quarter and full-year 2022 financial results on March 9, 2023, prior to market opening. The event will include a live audio webcast at 9:00 a.m. ET, featuring CEO Paul Abbott and CFO Martine Gerow discussing the company’s performance and future outlook.

Amex GBT, known as a leading B2B travel platform, serves global businesses by providing travel management solutions, and has professionals in over 140 countries, ensuring extensive choice and value for its clients.

American Express Global Business Travel (Amex GBT) announced the retirement of Chief Revenue Officer Michael Qualantone after 34 years with the company. Qualantone will transition his role on January 1, 2023, to Rajiv Ahluwalia, who has been instrumental in Amex GBT's distribution and revenue management. He will remain with the company until June 30, 2023, to ensure a smooth transition. CEO Paul Abbott praised Qualantone's significant contributions, including his role in the creation of Amex GBT and key acquisitions throughout his career.

American Express Global Business Travel, managed by Global Business Travel Group (NYSE: GBTG), will present at Credit Suisse’s 26th Annual Technology Conference on November 29, 2022, at 8:15 AM MT (10:15 AM ET) in Scottsdale, Arizona, and at Redburn’s 10th Annual CEO Conference on November 30, 2022, virtually at 10:00 AM ET. Live webcasts will be available on the Amex GBT investor relations website, with replays for 90 days post-event.

Amex GBT is the leading B2B travel platform, serving clients globally with comprehensive travel, expense, and event management solutions.

American Express Global Business Travel, operated by Global Business Travel Group, reported Q3 2022 results with a 147% revenue increase to $488 million, recovering to 72% of 2019 pro forma revenue. Adjusted EBITDA reached $41 million, showing a 67% fall-through on revenue growth. Despite a net loss of ($73 million), transaction recovery improved to 71% from 69% in Q2 2022. The company remains on track for full-year guidance of $1.8 billion to $1.85 billion in revenue and $90 million to $100 million in adjusted EBITDA, indicating strong growth momentum.

Global Business Travel Group, Inc. (NYSE: GBTG) will announce its third quarter 2022 financial results on November 10, 2022, prior to the market opening. The announcement will be followed by a live audio webcast at 9:00 a.m. ET, featuring insights from CEO Paul Abbott and CFO Martine Gerow. This event will provide updates on Amex GBT's financial performance and business outlook, accessible via their website. A replay will be available for 90 days.

Global Business Travel Group, Inc. (NYSE: GBTG) has successfully completed its exchange offer and consent solicitation for its outstanding warrants. Holders of the warrants received 0.275 shares of Class A Common Stock for each warrant tendered, resulting in the issuance of 10,444,363 shares. The company plans to retire all remaining untendered warrants by October 27, 2022, further simplifying its capital structure. This move increases the number of available shares for trading, enhancing liquidity for investors.

Global Business Travel Group, Inc. (NYSE: GBTG) announced the successful completion of its exchange offer and consent solicitation for outstanding warrants, which expired on October 7, 2022. Approximately 94.64% of Public Warrants and 100% of Private Placement Warrants were tendered, allowing the Company to eliminate all its warrants. Holders of validly tendered warrants will receive 0.275 shares of Class A Common Stock for each warrant exchanged. The company anticipates finalizing the settlement by October 12, 2022, simplifying its capital structure and increasing the available shares for trading.