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 |
|---|---|---|---|
| 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 |
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, has confirmed today that the U.K. Competition and Markets Authority (the "CMA") has published its interim report regarding Amex GBT's proposed acquisition of CWT, a global business travel and meeting solutions provider. Amex GBT fundamentally disagrees with the CMA's interim assessment that the transaction may result in a substantial lessening of competition in the UK and it will continue to work collaboratively with the CMA to demonstrate that the transaction should be 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 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 that during the third quarter of 2024, the Company repurchased 8,000,000 shares of its Class A common stock from a stockholder of the Company in a privately negotiated transaction at a purchase price of approximately $6.85 per share, or approximately $55 million in aggregate. The stock repurchase was funded by the Company's cash on hand and was unanimously approved by the Company's Board of Directors. The total number of shares repurchased by the Comp
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT"), a leading B2B software and services company for travel, expense, and meetings & events, today announced that it will present at Citi's 2024 Global TMT Conference on September 5, 2024, beginning at 11:40AM ET in New York City. A live webcast of the event will be made available on the Amex GBT investor relations website at investors.amexglobalbusinesstravel.com. A replay of the webcast will be available on the website for at least 90 days following the event. About American Express Global Business Travel American Express Global Business Travel (Amex GBT) is a leadin
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, has today announced it now expects its proposed acquisition of CWT, a global business travel and meeting solutions provider, to close in the first quarter of 2025. Amex GBT continues to work collaboratively with regulatory authorities including the U.K. Competition and Markets Authority ("CMA") and the Antitrust Division of the U.S. Department of Justice in their review of the transaction. The CMA also confirmed today that it intends to continue its review of the transa
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 and events, today announced that it entered into an amended and restated credit agreement, which provides for a principal amount of $1,400 million senior secured first lien term loan facility, maturing on July 26, 2031, and a $360 million senior secured first lien revolving credit facility, maturing on July 26, 2029. Transaction Highlights: Significant interest rate margin reduction of approximately 180 bps, with the new term loan facility priced at secured overnight financin
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
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Gainers Carriage Servs (NYSE:CSV) shares moved upwards by 29.3% to $35.35 during Tuesday's after-market session. The company's market cap stands at $536.0 million. Sportsman's Warehouse (NASDAQ:SPWH) shares moved upwards by 8.52% to $2.8. The company's market cap stands at $105.6 million. Kirkland's (NASDAQ:KIRK) stock increased by 6.25% to $1.87. The company's market cap stands at $24.3 million. ToughBuilt Industries (NASDAQ:TBLT) stock increased by 5.76% to $3.3. The market value of their outstanding shares is at $2.5 million. PLBY Group (NASDAQ:PLBY) stock rose 5.7% to $0.79. The company's market cap stands at $57.3 million. Connexa Sports Techs (NASDAQ:YYAI) stock moved upwards by
Reiterating Full-Year 2024 GuidanceKaren 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 GuidanceYear-over-Year GrowthRevenue$2.43B – $2.50B+ 6% – 9%Adjusted EB
Global Business Travel (NYSE:GBTG) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.04 by 200 percent. This is a 33.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $610.00 million which missed the analyst consensus estimate of $624.28 million by 2.29 percent. This is a 5.54 percent increase over sales of $578.00 million the same period last year.
American Express Global Business Travel (Amex GBT), operated by Global Business Travel Group, Inc (NYSE:GBTG), entered a definitive agreement to acquire CWT, a global business travel and meetings solutions provider. The transaction values CWT at approximately $570 million on a cash-free, debt-free basis. CWT serves 4,000 customers and is expected to generate about $850 million of revenues and $70 million – $80 million of Adjusted EBITDA in 2024. “Bringing CWT onto the proven Amex GBT software and services model will create more choice for customers, more opportunities for people and more value for shareholders,” said Paul Abbott, Amex GBT’s CEO. The transaction will be funded by a c
Gainers ATRenew (NYSE:RERE) stock rose 32.8% to $1.58 during Tuesday's pre-market session. The company's market cap stands at $356.2 million. As per the news, the Q4 earnings report came out today. ZHONGCHAO (NASDAQ:ZCMD) stock rose 21.05% to $2.3. The company's market cap stands at $5.6 million. Beachbody Co (NYSE:BODI) stock moved upwards by 13.31% to $10.3. The market value of their outstanding shares is at $70.3 million. As per the press release, Q4 earnings came out yesterday. MINISO Group Holding (NYSE:MNSO) shares rose 10.77% to $19.85. The market value of their outstanding shares is at $6.2 billion. As per the press release, Q2 earnings came out today. Target Hospitality (NASDAQ
American Express Global Business Travel, which is operated by Global Business Travel Group Inc (NYSE:GBTG), (Amex GBT) reported fourth-quarter FY23 sales growth of 4.2% year-on-year to $549 million, beating the analyst consensus estimate of $541.17 million. The revenue increase is primarily due to growth in Total Transaction Value driven by continued growth in business travel and growth in Product & Professional Services revenue. The total operating expenses for the quarter declined 4% to $546 million. Net loss for the quarter narrowed to $(46) million, primarily due to the increase in operating income and favorable change in fair value of earnout derivative liabilities, partially o
Global Business Travel (NYSE:GBTG) reported quarterly sales of $549.00 million which beat the analyst consensus estimate of $541.17 million by 1.45 percent. This is a 4.17 percent increase over sales of $527.00 million the same period last year.
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
10-Q - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
10-Q - 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)
10-Q - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
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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 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
Transaction value of approximately $570 million on a cash-free, debt-free basis, subject to certain assumptions and purchase price adjustments Acquisition to provide CWT customers with more choice and value Transaction projected to create greater capacity for investment in software and services Expected to deliver significant shareholder value through synergy opportunity and efficiency gains from the combination, with approximately $155 million of synergies identified Investor conference call scheduled for today at 08:30 A.M. Eastern Time American Express Global Business Travel ("Amex GBT"), which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or t
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 fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full-Year 2023 Highlights Outstanding financial performance. Strong full-year performance above initial guidance with 24% revenue growth and 269% Adjusted EBITDA growth to $380 million. In Q4 2023, delivered $549 million of revenue and $80 million of Adjusted EBITDA, growing 83% or $37 million year-over-year. Continued share gains. Total New Wins Value of $3.5 billi
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 fourth quarter and full-year 2023 financial results on March 5, 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.am
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), the world's leading B2B travel platform, today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Delivered Outstanding Q3 Results Strong revenue and Adjusted EBITDA1 growth of 17% and 135%, respectively, versus Q3 2022. Cash provided by operating activities totaled $135 million and Free Cash Flow2 totaled $107 million in the quarter. Free Cash Flow2 positive on a year-to-date basis, ahead of expectations. Lowered leverage ratio to 2.7x, resulting in reduced interest rates beginning in
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