Stock Track | Global Business Travel Group (GBTG) Plummets 5.03% in Pre-Market as Q3 Earnings Miss Estimates

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Shares of Global Business Travel Group, Inc. (GBTG) plummeted 5.03% in pre-market trading on Monday following the release of its third-quarter earnings report. The company reported a loss of $0.13 per share, significantly missing the analyst consensus estimate of $0.03 earnings per share, despite beating revenue expectations.

Global Business Travel's Q3 revenue came in at $674 million, surpassing the analyst consensus estimate of $619.4 million and representing a 13% year-over-year increase. However, the unexpected loss appears to have overshadowed the revenue beat, leading to the sharp decline in stock price. The company's net income for the quarter stood at -$62 million, with operating expenses reaching $662 million.

Despite the earnings miss, Global Business Travel Group provided an optimistic outlook for the future. The company raised its fiscal year 2025 guidance, projecting revenue growth of approximately 12% and adjusted EBITDA between $523 million and $533 million. Additionally, preliminary expectations for fiscal year 2026 indicate revenue growth of 19% to 21%. The company also highlighted the completion of its CWT acquisition, which is expected to accelerate revenue growth and cost transformation with $155 million in identified synergies. However, these positive forward-looking statements were not enough to offset the immediate impact of the Q3 earnings disappointment on investor sentiment.

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