Overview

* Global Business Travel ( GBTG ) Q3 revenue grows 13%, beating analyst expectations

* Adjusted EBITDA for Q3 rises 9%, in line with expectations

* Company completed CWT acquisition, enhancing revenue growth and cost transformation

Outlook

* Company raises FY 2025 guidance to revenue growth of approximately 12%

* Company expects FY 2025 adjusted EBITDA between $523 mln and $533 mln

* Company sees FY 2026 revenue growth of 19% to 21%

* Co-developing new travel and expense solution with SAP Concur to capture SME opportunities

Result Drivers

* CWT ACQUISITION - Co says acquisition of CWT accelerated revenue growth and cost transformation with $155 mln in identified synergies

* AI AND DIGITALIZATION - AI initiatives driving productivity gains and redefining customer experience, with 82% of transactions digital

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $674 mln $619.40

Revenue mln (5

Analysts

)

Q3 Net -$62 mln

Income

Q3 $662 mln

Operatin

g

Expenses

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 $10.20, about 22% above its November 7 closing price of $7.96

* The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(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.)