Stock Track | Global Business Travel Misses Q3 Estimates but Raises Cash Flow Guidance

Stock Track11-05

Global Business Travel Group, Inc. (GBTG), a leading travel management company, reported mixed financial results for the third quarter of 2024. The company's revenue fell short of Wall Street expectations, while its adjusted EBITDA slightly exceeded estimates.

For the quarter ended September 30, 2024, GBTG posted revenue of $597 million, up 5% year-over-year but missing the consensus estimate of $613.5 million. The company reported a GAAP net loss of $128 million, or $0.28 per diluted share, compared to a net loss of $8 million, or $0.02 per share, in the same period last year. The wider loss was primarily attributed to a $38 million loss on early extinguishment of debt and unfavorable fair value movements on earnout derivative liabilities.

On the positive side, GBTG's adjusted EBITDA grew 23% year-over-year to $118 million, beating analysts' expectations of $115.9 million. The company's adjusted EBITDA margin also improved by 300 basis points to 20%, driven by revenue growth and operating leverage.

Looking ahead, GBTG raised its full-year 2024 guidance for free cash flow to approximately $160 million, up from its previous guidance of more than $130 million. The company also narrowed its revenue and adjusted EBITDA guidance ranges for the year.

In a significant move, GBTG's Board of Directors authorized a share buyback program of up to $300 million, reflecting the company's confidence in its long-term strategy and future prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1167822533?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-05 22:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1167822533","market":"us","top_or_hot":-1,"title":"Stock Track | Global Business Travel Misses Q3 Estimates but Raises Cash Flow Guidance","media":"Stock Track","content":"<p>Global Business Travel Group, Inc. (GBTG), a leading travel management company, reported mixed financial results for the third quarter of 2024. The company's revenue fell short of Wall Street expectations, while its adjusted EBITDA slightly exceeded estimates.</p>\n\n<p>For the quarter ended September 30, 2024, GBTG posted revenue of $597 million, up 5% year-over-year but missing the consensus estimate of $613.5 million. The company reported a GAAP net loss of $128 million, or $0.28 per diluted share, compared to a net loss of $8 million, or $0.02 per share, in the same period last year. The wider loss was primarily attributed to a $38 million loss on early extinguishment of debt and unfavorable fair value movements on earnout derivative liabilities.</p>\n\n<p>On the positive side, GBTG's adjusted EBITDA grew 23% year-over-year to $118 million, beating analysts' expectations of $115.9 million. The company's adjusted EBITDA margin also improved by 300 basis points to 20%, driven by revenue growth and operating leverage.</p>\n\n<p>Looking ahead, GBTG raised its full-year 2024 guidance for free cash flow to approximately $160 million, up from its previous guidance of more than $130 million. The company also narrowed its revenue and adjusted EBITDA guidance ranges for the year.</p>\n\n<p>In a significant move, GBTG's Board of Directors authorized a share buyback program of up to $300 million, reflecting the company's confidence in its long-term strategy and future prospects.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Global Business Travel Misses Q3 Estimates but Raises Cash Flow Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Global Business Travel Misses Q3 Estimates but Raises Cash Flow Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-05 22:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global Business Travel Group, Inc. (GBTG), a leading travel management company, reported mixed financial results for the third quarter of 2024. The company's revenue fell short of Wall Street ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTG","symbol_name":"Global Business Travel Group, Inc.","start_time":0,"source_url":"","article_id":"1167822533","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167822533","pubTimestamp":1730817204,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Global Business Travel Group, Inc. , a leading travel management company, reported mixed financial results for the third quarter of 2024. The company's revenue fell short of Wall Street expectations, while its adjusted EBITDA slightly exceeded estimates.For the quarter ended September 30, 2024, GBTG posted revenue of $597 million, up 5% year-over-year but missing the consensus estimate of $613.5 million. The company reported a GAAP net loss of $128 million, or $0.28 per diluted share, compared t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTG":"Global Business Travel Group, Inc."},"translate_title":"股票跟踪全球商务旅行未达到第三季度预期，但提高现金流指引","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTG":1},"content_text":"Global Business Travel Group, Inc. (GBTG), a leading travel management company, reported mixed financial results for the third quarter of 2024. The company's revenue fell short of Wall Street expectations, while its adjusted EBITDA slightly exceeded estimates.\nFor the quarter ended September 30, 2024, GBTG posted revenue of $597 million, up 5% year-over-year but missing the consensus estimate of $613.5 million. The company reported a GAAP net loss of $128 million, or $0.28 per diluted share, compared to a net loss of $8 million, or $0.02 per share, in the same period last year. The wider loss was primarily attributed to a $38 million loss on early extinguishment of debt and unfavorable fair value movements on earnout derivative liabilities.\nOn the positive side, GBTG's adjusted EBITDA grew 23% year-over-year to $118 million, beating analysts' expectations of $115.9 million. The company's adjusted EBITDA margin also improved by 300 basis points to 20%, driven by revenue growth and operating leverage.\nLooking ahead, GBTG raised its full-year 2024 guidance for free cash flow to approximately $160 million, up from its previous guidance of more than $130 million. The company also narrowed its revenue and adjusted EBITDA guidance ranges for the year.\nIn a significant move, GBTG's Board of Directors authorized a share buyback program of up to $300 million, reflecting the company's confidence in its long-term strategy and future prospects.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1167822533"}