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Jun 30, 2024
GBTG Q2 2024 Earnings Report
American Express Global Business Travel reported strong financial results, driven by revenue growth, adjusted EBITDA increase, and strong free cash flow generation.
Key Takeaways
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.
Revenue by Segment
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.
Positive Outlook
- 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.
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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