Global Business Travel Q4 revenue rises on CWT acquisition, reiterates 2026 revenue growth guidance

Reuters03-09
Global Business Travel Q4 revenue rises on CWT acquisition, reiterates 2026 revenue growth guidance

Overview

  • Travel services firm's Q4 revenue rose 34% yr/yr, driven by CWT acquisition and travel demand

  • Full-year revenue slightly beat analyst expectations

  • Company doubled share buyback authorization to $600 mln

Outlook

  • Company reiterates full-year 2026 revenue growth guidance of 19% to 21%

  • Global Business Travel projects 2026 adjusted EBITDA between $615 mln and $645 mln

Result Drivers

  • CWT ACQUISITION - Revenue growth driven by CWT acquisition, increasing travel demand and share gains

  • AI STRATEGY - AI used to improve customer experience and reduce costs, expected to drive growth

  • COST INCREASES - Operating expenses rose due to CWT consolidation and tech investments

Company press release: ID:nBwbWqHcWa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Revenue

Slight Beat*

$2.72 bln

$2.71 bln (7 Analysts)

FY EPS

$0.22

FY Basic EPS

$0.22

FY Operating Expenses

$2.59 bln

FY Operating Income

$130 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy"

  • Wall Street's median 12-month price target for Global Business Travel Group Inc is $10.80, about 88.2% above its March 6 closing price of $5.74

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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