Global Business Travel Group Reiterates FY24 Revenue Guidance Of $2.43B-$2.5B Vs 2.48B Est.
Reiterating Full-Year 2024 Guidance
Karen Williams, Amex GBT's Chief Financial Officer, stated: "First quarter performance was in line with our expectations, and we remain confident in delivering the strong profitability growth we have guided to for the full year. We expect our continued focus on productivity, margin expansion and cash flow acceleration will drive full-year Adjusted EBITDA growth between 18% and 32% and Free Cash Flow generation in excess of $100 million in 2024."
The guidance below does not incorporate the impact of the CWT acquisition, which is expected to close in the second half of 2024.
| Full-Year 2024 Guidance | Year-over-Year Growth | |
| Revenue | $2.43B – $2.50B | + 6% – 9% |
| Adjusted EBITDA | $450M – $500M | + 18% – 32% |
| Adjusted EBITDA Margin | 18% – 20% | + ~150bps – 350bps |
| Free Cash Flow | > $100M |
Please refer to the section below titled "Reconciliation of Full-Year 2024 Adjusted EBITDA and Free Cash Flow Guidance" for a description of certain assumptions and risks associated with this guidance and reconciliation to GAAP.