Global Business Travel Group Inc

Latest Results (02.10.2025):

Global Business Travel Group Inc. reported strong financial performance for the fourth quarter and full year ended December 31, 2024. The company achieved significant revenue growth, expanded its adjusted EBITDA margins, and demonstrated robust cash flow generation, positioning itself well for continued growth in 2025.

Revenue Growth

In Q4 2024, Global Business Travel Group Inc. delivered $591 million in revenue, an 8% increase year over year. For the full year, revenue reached $2,423 million, reflecting a 6% growth compared to 2023.

Adjusted EBITDA Expansion

The company reported an Adjusted EBITDA of $110 million in Q4 2024, up 39% year over year, with a margin expansion to 19%. For the full year, Adjusted EBITDA was $478 million, marking a 26% increase and a margin of 20%.

Strong Customer Retention and Share Gains

Global Business Travel Group Inc. secured $2.8 billion in total new wins for the full year, including $2.2 billion from SMEs. The company maintained a 97% customer retention rate, with a 99% retention rate in GMN.

Free Cash Flow Acceleration

Full-year free cash flow surged to $165 million, significantly surpassing the initial guidance of $100 million. The company also reduced its leverage ratio to 1.8x, enhancing its financial stability.

Capital Allocation and Shareholder Returns

The company reinvested in growth initiatives and margin expansion, authorized an additional $300 million share buyback, and repurchased 8 million shares through a private buyback.

Outlook for 2025

Global Business Travel Group Inc. forecasts 5%-7% constant currency revenue growth and 11%-17% growth in Adjusted EBITDA for 2025. The company expects continued margin expansion and strong free cash flow exceeding $160 million.