GBTG Q2 2024 Earnings Report
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.
GBTG
GBTG
GBTG 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