NYSE$GBTG
Global Business Travel Group I · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Delivered strong financial results and reiterated the 2024 outlook.
American Express Global Business Travel reported strong Q1 2024 financial results, with a 6% year-over-year revenue growth to $610 million and a 24% increase in Adjusted EBITDA to $123 million. The company also reached positive first-quarter Free Cash Flow of $24 million, representing a $133 million year-over-year increase, and reiterated its full-year 2024 revenue and Adjusted EBITDA guidance ranges.
- TTV grew 9% year-over-year.
- Revenue grew 6% year-over-year to $610 million.
- Adjusted EBITDA increased by 24% year-over-year, reaching $123 million.
- Free Cash Flow was $24 million, a $133 million improvement year-over-year.
Headline financials
Revenue & EPS history
GBTG · Revenue · Quarterly
$610M
Revenue by segment
GBTG · $571M total across 2 segments · Q3 2023
- Travel revenue$455M+17.9%79.7%
- Products & services$116M+9.4%20.3%
Forward guidance
The company reiterated its full-year 2024 revenue and Adjusted EBITDA guidance ranges. Revenue is expected to be between $2.43 billion and $2.50 billion, with Adjusted EBITDA between $450 million and $500 million. Free cash flow is expected to be greater than $100 million.
Tailwinds
- Revenue between $2.43B – $2.50B (+ 6% – 9%).
- Adjusted EBITDA between $450M – $500M (+ 18% – 32%).
- Adjusted EBITDA Margin 18% – 20% (+ ~150bps – 350bps).
- Free Cash Flow > $100M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q1 2024
+0.0%
Avg return
Earnings day
-2.7%
Avg return
5 days after
+4.5%
Avg return
30 days after
30%
6 / 20 earnings
Positive
+16.7%
Q2 2024
Best reaction
-10.4%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -1.2% | — | |
| Q4 2025 | +1.4% | -3.1% | -3.8% | |
| Q3 2025 | -3.8% | -9.8% | -1.0% | |
| Q1 2025 | -10.4% | -15.4% | -5.7% | |
| Q4 2024 | -5.9% | -6.3% | -14.6% | |
| Q3 2024 | +0.7% | +7.6% | +23.0% | |
| Q2 2024 | +16.7% | +9.8% | +17.1% | |
| Q1 2024 | -4.3% | -4.0% | +5.9% | |
| Q4 2023 | -0.5% | -1.6% | +5.3% | |
| Q3 2023 | +2.4% | -2.0% | +10.7% | |
| Q2 2023 | +7.5% | +6.3% | -13.3% | |
| Q1 2023 | +9.0% | +8.7% | +39.5% | |
| Q4 2022 | -10.0% | -12.3% | -4.3% | |
| Q3 2022 | -0.2% | -14.0% | -0.2% | |
| Q2 2022 | — | — | — | |
| Q1 2022 | -0.2% | — | — | |
| Q4 2021 | +0.0% | — | — | |
| Q4 2020 | -0.3% | — | — | |
| Q3 2021 | -0.1% | — | — | |
| Q2 2021 | +0.0% | — | — | |
| Q1 2021 | -0.8% | — | — | |
| Q3 2020 | — | — | — |
Discussion
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