Global Business Travel Group, Inc. provides business-to-business (B2B) travel platform. The company's platform offers a suite of technology-enabled solutions to business travelers and corporate clients, travel content suppliers, and third-party travel agencies. Its platform manages travel, expenses, and meetings and events for companies. The company has built marketplace in B2B travel to deliver unrivalled choice, value, and experiences. Global Business Travel Group, Inc. is based in New York, New York.
IPO Year: 2020
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $10.00 | Buy | BTIG Research |
| 11/22/2024 | $11.00 | Buy | UBS |
| 12/15/2023 | $8.00 | Neutral → Buy | Citigroup |
| 12/22/2022 | $8.00 | Outperform | Evercore ISI |
| 12/7/2022 | $6.50 | Neutral | Citigroup |
| 10/3/2022 | $7.10 | Buy | Deutsche Bank |
| 9/30/2022 | $9.00 | Outperform | Credit Suisse |
| 9/14/2022 | $9.00 | Equal-Weight | Morgan Stanley |
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
AlTi Global, Inc. (NASDAQ:ALTI) ("AlTi"), a leading independent global wealth and asset manager, today announced the appointment of Norma Corio to its Board of Directors ("Board"), following the departure of Hazel McNeilage, effective June 29, 2023. "I am thrilled to welcome Norma to our Board as AlTi embarks on its next phase of growth," said Michael Tiedemann, Chief Executive Officer of AlTi Global. "Norma offers over four decades of public company, banking and capital markets experience which will be invaluable in establishing AlTi as a leading global wealth and asset management platform in the public markets. I would like to thank Hazel for her contributions to the Board and wish her
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Delivered Strong Financial Results Revenue grew 2% year over year to $621 million. On a constant currency, workday adjusted1 basis, revenue grew 4%. Adjusted EBITDA grew 15% year over year to $141 million. Free Cash Flow grew 9% year over year to $26 million. Significant Margin Expansion Adjusted Operating Expenses decreased 1%, even as revenue grew.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report first quarter 2025 financial results on May 6, 2025, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalbusine
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, announced that Moody's Ratings ("Moody's") upgraded its credit ratings to B1 from B2. This is the second credit rating upgrade that Amex GBT has received this year. Moody's stated the upgrade "reflects the company's strong business momentum and substantial deleveraging." Moody's also cited the expectations for continued margin expansion, as well as strong balance sheet and cash generation. Karen Williams, CFO of Amex GBT, stated: "We are pleased to announce another cre
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel, expense, and meetings & events, announced today that it has agreed with CWT to amend the existing terms of their merger agreement that was entered into on March 24, 2024 (as amended on January 17, 2025, March 17, 2025 and March 20, 2025, the "Merger Agreement"). The amendment provides for, among other things: A revised CWT transaction value of approximately $540 million (from $570 million originally agreed), on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjus
American Express Global Business Travel ("Amex GBT"), which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense and meetings and events, received approval today from the United Kingdom's Competition and Markets Authority (CMA) to complete its acquisition of CWT, a global business travel and meetings solutions provider. "We are pleased with the CMA decision," said Amex GBT CEO Paul Abbott. "By combining with CWT, we can provide even more value and choice to customers and suppliers and more opportunities for CWT employees." Eric J. Bock, Amex GBT's Chief Legal Officer and Global Head of M&A
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it has received an upgrade from S&P Global Ratings ("S&P") to its issuer credit rating to ‘BB-' from ‘B+" with a stable outlook. The upgrade reflects S&P's view that "the company's operating performance will remain strong in 2025." Karen Williams, CFO of Amex GBT, stated: "We are pleased with the credit rating upgrade and view it as recognition of our strong results including revenue growth, significant margin expansion, free cash flow accelerati
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter and Full-Year 2024 Highlights Continued to Deliver Strong Financial Results In Q4 2024, delivered $591 million of revenue, up 8% year over year, and $110 million of Adjusted EBITDA, up 39% year over year. Full-year Revenue of $2,423 million, 6% growth year over year. Full-year Adjusted EBITDA of $478 million, representing growth of 26% year over year
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that the UK's Competition and Markets Authority (the "CMA") has provisionally concluded that it has not identified any competition concerns with GBT's proposed acquisition of CWT, a global business travel and solutions provider. The CMA's final decision is required to be made by March 9, 2025. The Company continues to defend itself against a lawsuit filed in January 2025 by the Antitrust Division of the U.S. Department of Justice (the "DOJ"), seeking an
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report fourth quarter and full-year 2024 financial results on February 27, 2025, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at inve
Northern Trust (NASDAQ:NTRS) announced today the appointments of Robert (Bob) Moritz and Richard (Rick) Petrino to its board of directors. Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors effective March 1, 2025. Petrino, a former American Express Company executive, joins effective immediately. "I am pleased to welcome Bob and Rick to the Northern Trust Board of Directors," Chairman and Chief Executive Officer Michael O'Grady said. "They each bring strategic, global perspectives and deep financial expertise that will be highly relevant to Northern Trust as it continues to serve our clients as a trusted financial partner. I
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Delivered Strong Financial Results Revenue grew 2% year over year to $621 million. On a constant currency, workday adjusted1 basis, revenue grew 4%. Adjusted EBITDA grew 15% year over year to $141 million. Free Cash Flow grew 9% year over year to $26 million. Significant Margin Expansion Adjusted Operating Expenses decreased 1%, even as revenue grew.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report first quarter 2025 financial results on May 6, 2025, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalbusine
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter and Full-Year 2024 Highlights Continued to Deliver Strong Financial Results In Q4 2024, delivered $591 million of revenue, up 8% year over year, and $110 million of Adjusted EBITDA, up 39% year over year. Full-year Revenue of $2,423 million, 6% growth year over year. Full-year Adjusted EBITDA of $478 million, representing growth of 26% year over year
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report fourth quarter and full-year 2024 financial results on February 27, 2025, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at inve
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Continued to Deliver Strong Financial Results TTV grew 9% year over year to $7.8 billion. Revenue grew 5% year over year to $597 million. Adjusted EBITDA grew 23% year over year to $118 million. Strong Free Cash Flow generation of $59 million, totaling $132 million year to date. Significant Margin Expansion Revenue grew 5%, while Adjusted Operatin
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report third quarter 2024 financial results on November 5, 2024, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalb
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel, expense, and meetings & events, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Delivered Strong Financial Results Revenue grew 6% year over year to $625 million. Adjusted EBITDA grew 20% year over year to $127 million. Strong Free Cash Flow generation of $49 million, representing growth of 148% year over year. Controlled Costs & Drove Operating Leverage 2% Adjusted Operating Expense growth versus 6% revenue growth.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report second quarter 2024 financial results on August 6, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT's financial performance and business outlook. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel and expense, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Delivered Strong Financial Results TTV grew 9% year-over-year (10% workday adjusted1). Revenue grew 6% year-over-year to $610 million (7% workday adjusted1). Record first-quarter Adjusted EBITDA of $123 million, representing growth of 24%. Reiterated full-year 2024 revenue and Adjusted EBITDA guidance ranges. Continued Share Gains LTM Total New Wins Value tot
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel and expense, today announced that it will report first quarter 2024 financial results on May 7, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT's financial performance and business outlook. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalbusinesst
BTIG Research initiated coverage of Global Business Travel Group with a rating of Buy and set a new price target of $10.00
UBS initiated coverage of Global Business Travel Group with a rating of Buy and set a new price target of $11.00
Citigroup upgraded Global Business Travel Group from Neutral to Buy and set a new price target of $8.00
Evercore ISI initiated coverage of Global Business Travel Group with a rating of Outperform and set a new price target of $8.00
Citigroup initiated coverage of Global Business Travel Group with a rating of Neutral and set a new price target of $6.50
Deutsche Bank initiated coverage of Global Business Travel Group with a rating of Buy and set a new price target of $7.10
Credit Suisse initiated coverage of Global Business Travel Group with a rating of Outperform and set a new price target of $9.00
Morgan Stanley initiated coverage of Global Business Travel Group with a rating of Equal-Weight and set a new price target of $9.00
10-Q - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
DEFA14A - Global Business Travel Group, Inc. (0001820872) (Filer)
DEF 14A - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
10-K - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
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