Loading...
•
Sep 30, 2023
GBTG Q3 2023 Earnings Report
American Express Global Business Travel reported strong revenue growth and positive year-to-date cash generation.
Key Takeaways
American Express Global Business Travel reported a strong Q3 2023 with a 17% increase in revenue and a 135% increase in Adjusted EBITDA compared to Q3 2022. The company also generated positive free cash flow and lowered its leverage ratio. They are reiterating their full-year 2023 revenue and Adjusted EBITDA guidance ranges and now expect positive Free Cash Flow for the full year.
Revenue increased by 17% compared to Q3 2022.
Adjusted EBITDA grew by 135% versus Q3 2022.
Free Cash Flow was positive on a year-to-date basis, exceeding expectations.
The company lowered its leverage ratio to 2.7x.
GBTG
GBTG
GBTG Revenue by Segment
Revenue by Segment
Travel Revenue
CapyFin.comProduct & Prof. Services Revenue
CapyFin.com Forward Guidance
The company expects to be at the higher end of its revenue guidance range and closer to the midpoint of its Adjusted EBITDA guidance range. They now expect to deliver positive Free Cash Flow for full-year 2023, ahead of previous expectations.
Positive Outlook
- Revenue: $535M – $550M
- Revenue Growth (Year-over-Year): 2% – 4%
- Adjusted EBITDA: $75M – $85M
- Adjusted EBITDA Margin: 14% – 15%
- Free Cash Flow: Positive
Revenue & Expenses
Visualization of income flow from segment revenue to net income