NYSE$GBTG
Global Business Travel Group I · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
American Express Global Business Travel reported strong financial results, driven by revenue growth, adjusted EBITDA increase, and strong free cash flow generation.
American Express Global Business Travel (Amex GBT) reported a 6% year-over-year increase in revenue to $625 million and a 20% increase in Adjusted EBITDA to $127 million. Free cash flow generation was strong at $49 million, up 148% year-over-year. The company raised its full-year 2024 free cash flow guidance to over $130 million.
- Revenue grew 6% year-over-year to $625 million.
- Adjusted EBITDA increased 20% year-over-year to $127 million.
- Free Cash Flow generation was $49 million, representing a 148% year-over-year increase.
- Full-year 2024 Free Cash Flow Guidance raised to >$130 million.
Headline financials
Revenue & EPS history
GBTG · Revenue · Quarterly
$625M
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 expects full-year Adjusted EBITDA growth between 18% and 32%, and anticipates Free Cash Flow generation in excess of $130 million in 2024.
Tailwinds
- Revenue between $2.43B - $2.50B (+ 6% – 9%).
- Adjusted EBITDA between $450M – $500M (+ 18% – 32%).
- Adjusted EBITDA Margin between 18% – 20% (+ ~150bps – 350bps).
- Free Cash Flow >$130M (+$30M vs. prior guidance for >$100M).
- Focus on productivity and margin expansion.
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 Q2 2024
+0.0%
Avg return
Earnings day
-2.7%
Avg return
5 days after
+4.1%
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% | -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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