GBTG Q2 2022 Earnings Report
Key Takeaways
American Express Global Business Travel reported strong revenue and earnings trends in Q2 2022, driven by the recovery in business travel transactions. The company's revenue increased significantly compared to the same period in 2021, and Adjusted EBITDA improved. Based on the strong first half of the year and continued share gains, the company raised its full-year 2022 guidance.
Business travel transactions continued to recover, reaching 76% of 2019 pro forma levels in June.
The company reported positive Adjusted EBITDA.
Over the past twelve months, $4.2 billion of new wins value were signed, and customer retention remained very high.
The company raised its full-year 2022 guidance.
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Forward Guidance
The increases in 2022 Guidance are driven primarily by an increase in expectations for revenue recovery due to improved transaction recovery, which reached 76% of 2019 pro forma levels in June 2022. Forward-looking guidance does not include impact of a potential recession.