Global Business Travel Group, Inc. ( (GBTG) ) has released its Q4 earnings. Here is a breakdown of the information Global Business Travel Group, Inc. presented to its investors.
Global Business Travel Group, Inc., operating as American Express Global Business Travel, is a prominent software and services company specializing in travel, expense, and meetings & events management, known for its comprehensive content and global reach in over 140 countries.
The company reported robust financial results for the fourth quarter and full year of 2024, highlighting significant revenue growth and strong customer retention. The company also outlined its positive momentum heading into 2025.
Key financial metrics for 2024 included a 6% year-over-year revenue increase to $2.423 billion and a 26% rise in Adjusted EBITDA to $478 million. The company achieved a 97% customer retention rate and secured new wins valued at $2.8 billion. Additionally, free cash flow exceeded expectations, reaching $165 million, and the leverage ratio improved to 1.8x.
Looking ahead to 2025, the company anticipates continued growth with projected revenue increases of 5%-7% and Adjusted EBITDA growth of 11%-17%. The focus remains on driving revenue growth, margin expansion, and maintaining strong cash flow, despite potential costs associated with mergers and acquisitions.
American Express Global Business Travel is poised for another year of significant growth and margin expansion, supported by its strategic investments and efficient financial model, as it continues to capitalize on industry opportunities and maintain high levels of customer satisfaction.