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Mar 31, 2024
GBTG Q1 2024 Earnings Report
Delivered strong financial results and reiterated the 2024 outlook.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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