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Sep 30, 2024
GBTG Q3 2024 Earnings Report
American Express Global Business Travel reported strong financial results, raised 2024 free cash flow guidance, and announced a $300 million share buyback authorization.
Key Takeaways
American Express Global Business Travel reported a 5% year-over-year increase in revenue to $597 million and a 23% increase in Adjusted EBITDA to $118 million. The company raised its full-year 2024 free cash flow guidance to approximately $160 million and authorized an additional share buyback of up to $300 million.
Revenue grew 5% year over year to $597 million.
Adjusted EBITDA grew 23% year over year to $118 million.
Free Cash Flow totaled $59 million.
Raised full-year 2024 Free Cash Flow Guidance to approximately $160 million.
Revenue by Segment
Forward Guidance
The company raised full-year 2024 Free Cash Flow Guidance to approximately $160 million and narrowed full-year 2024 revenue and Adjusted EBITDA guidance ranges.
Positive Outlook
- Revenue $2.415B – $2.435B, + 5.5% – 6.5% year-over-year growth
- Adjusted EBITDA $470M – $480M, + 24% – 26% year-over-year growth
- Adjusted EBITDA Margin 19% – 20%, + 290bps – 310bps
- Free Cash Flow approximately $160M (vs. prior guidance of >$130M and original guidance of >$100M)
- Raising Full-Year 2024 Free Cash Flow Guidance
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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