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Sep 30, 2022
GBTG Q3 2022 Earnings Report
Reported strong revenue growth driven by business travel recovery and strategic initiatives.
Key Takeaways
American Express Global Business Travel reported a strong third quarter with significant revenue increase driven by the recovery in business travel and the inclusion of Egencia. The company's SME growth strategy is gaining traction, and the full-year 2022 guidance was reiterated.
Revenue increased by 147% compared to the same period in 2021.
Travel Revenue increased by 224% due to Egencia consolidation and Transaction Growth.
Adjusted EBITDA improved by $116 million, or 154%.
SME growth strategy continues to gain momentum with $2.5 billion in new SME customer wins.
GBTG
GBTG
GBTG Revenue by Segment
Revenue by Segment
Travel Revenue
CapyFin.comProduct & Prof. Services Revenue
CapyFin.com Forward Guidance
The company reiterated its full-year 2022 guidance, considering various assumptions related to industry performance, competition, and economic conditions. However, actual results may differ due to the inaccuracy of these assumptions and other risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income