Shares of Global Business Travel Group, Inc. (GBTG) are soaring 5.28% in pre-market trading on Monday following the company's impressive third-quarter results and raised full-year guidance. The business travel management firm reported better-than-expected revenue and provided an optimistic outlook for the coming years.
Global Business Travel Group announced Q3 revenue of $674 million, surpassing analyst expectations of $619.4 million and marking a 13% year-over-year increase. Despite reporting a net loss of $62 million for the quarter, investors were encouraged by the company's strong top-line growth and future prospects.
The company raised its full-year 2025 revenue guidance to a range of $2.71 billion to $2.73 billion, significantly higher than the previous FactSet estimate of $2.48 billion. Furthermore, Global Business Travel Group provided preliminary expectations for fiscal year 2026, projecting revenue growth of 19% to 21% and adjusted EBITDA between $615 million and $645 million. The positive outlook, coupled with the successful integration of the CWT acquisition and ongoing AI initiatives, has bolstered investor confidence in the company's growth trajectory.
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