Overview

* Global Business Travel ( GBTG ) Q2 revenue beats analyst expectations, rising 1% yr/yr

* Adjusted EBITDA for Q2 grows 4% yr/yr, margin expands 70 bps to 21%

* Co raises full-year 2025 guidance, CWT acquisition expected to close in Q3

Outlook

* Company raises full-year 2025 revenue growth guidance to 2%-4%

* Company expects 2025 revenue between $2.460 bln and $2.515 bln

* Company projects 2025 adjusted EBITDA of $505 mln to $540 mln

* CWT acquisition expected to close in Q3 2025

Result Drivers

* PRODUCT AND SERVICES REVENUE - Product and Professional Services Revenue rose 4%, contributing to overall increase

* EFFICIENCY GAINS - Adjusted EBITDA margin expanded due to efficiency gains and flat operating expenses

* CUSTOMER RETENTION - 95% customer retention rate and new wins valued at $3.2 bln supported financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $631 mln $628.40

Revenue mln (5

Analysts

)

Q2 Net $15 mln

Income

Q2 $597 mln

Operatin

g

Expenses

Q2 $34 mln

Operatin

g Income

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 ( GBTG ) is $9.90, about 37% above its August 4 closing price of $6.24

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(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.)