Global Business Travel reports Q2 EPS 3c, consensus 15c

Reports Q2 revenue $631M, consensus $629.13M. Reports Q2 total transaction value $7.89B. Paul Abbott, Amex GBT’s CEO, stated: “In the second quarter, we again delivered on our commitments. We delivered quarterly results ahead of expectations, raised our full-year guidance, reached a significant milestone on CWT and can now accelerate share repurchases to underscore our confidence in the business. We look forward to welcoming CWT customers and employees to Amex GBT in the third quarter and are incredibly excited about the growth prospects for the combined company.”