NYSE$GBTG
Global Business Travel Group I · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
American Express Global Business Travel reported strong financial results, raised 2024 free cash flow guidance, and announced a $300 million share buyback authorization.
American Express Global Business Travel reported a 5% year-over-year increase in revenue to $597 million and a 23% increase in Adjusted EBITDA to $118 million. The company raised its full-year 2024 free cash flow guidance to approximately $160 million and authorized an additional share buyback of up to $300 million.
- Revenue grew 5% year over year to $597 million.
- Adjusted EBITDA grew 23% year over year to $118 million.
- Free Cash Flow totaled $59 million.
- Raised full-year 2024 Free Cash Flow Guidance to approximately $160 million.
Headline financials
Revenue & EPS history
GBTG · Revenue · Quarterly
$597M
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 raised full-year 2024 Free Cash Flow Guidance to approximately $160 million and narrowed full-year 2024 revenue and Adjusted EBITDA guidance ranges.
Tailwinds
- Revenue $2.415B – $2.435B, + 5.5% – 6.5% year-over-year growth
- Adjusted EBITDA $470M – $480M, + 24% – 26% year-over-year growth
- Adjusted EBITDA Margin 19% – 20%, + 290bps – 310bps
- Free Cash Flow approximately $160M (vs. prior guidance of >$130M and original guidance of >$100M)
- Raising Full-Year 2024 Free Cash Flow Guidance
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 Q3 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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