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Global Business Travel Group's 2023 Net Loss Narrows, Revenue Rises; Sets 2024 Revenue Growth Outlook
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Global Business Travel Group's 2023 Net Loss Narrows, Revenue Rises; Sets 2024 Revenue Growth Outlook
Mar 5, 2024 5:38 AM

08:20 AM EST, 03/05/2024 (MT Newswires) -- Global Business Travel Group ( GBTG ) reported a 2023 net loss Tuesday of $0.30 per diluted share, narrowing from a loss of $0.51 in 2022.

Three analysts polled by Capital IQ expected a loss of $0.22.

Revenue for the year ended Dec. 31 was $2.29 billion, up from $1.85 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.28 billion.

The company said it expects 2024 revenue growth of 6% to 9%. Analysts polled by Capital IQ expect revenue of $2.51 billion.

Price: 5.39, Change: -0.28, Percent Change: -4.96

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