Global Business Travel Group Swings to Q2 Earnings, Revenue Rises

MT Newswires Live08-06

Global Business Travel Group (GBTG) reported Q2 earnings Tuesday of $0.06 per diluted share, swinging from a loss of $0.23 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended June 30 was $625 million, up from $592 million a year earlier.

Three analysts surveyed by Capital IQ expected $631.9 million.

The company said it continues to expect 2024 revenue of $2.43 billion to $2.50 billion.

Analysts surveyed by Capital IQ expect $2.48 billion.

Shares of the company were down 5.5% in recent premarket activity.

Price: 5.70, Change: -0.33, Percent Change: -5.47

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