Welcome to our dedicated page for Global Business Travel Group news (Ticker: GBTG), a resource for investors and traders seeking the latest updates and insights on Global Business Travel Group stock.
Global Business Travel Group, Inc. (GBTG) delivers integrated B2B travel management solutions through its technology-driven platform. This news hub provides investors and corporate professionals with essential updates on the company's strategic initiatives and market position.
Access authoritative information on GBTG's financial performance, technology enhancements, and industry leadership. Our curated collection includes earnings announcements, strategic partnership details, and product innovation updates, offering comprehensive insights into corporate travel management evolution.
Key content categories feature operational developments, executive leadership changes, and recognition in business travel innovation. Regular updates ensure stakeholders maintain current awareness of GBTG's role in shaping enterprise travel solutions.
Bookmark this page for streamlined access to verified GBTG developments. Combine periodic reviews with real-time alerts to stay informed about critical updates affecting corporate travel management strategies.
American Express Global Business Travel (NYSE: GBTG), a leading software and services company specializing in travel, expense, and meetings & events solutions, has scheduled its first quarter 2025 financial results announcement for May 6, 2025, before market opening.
The company will host a live audio webcast at 09:00 A.M. ET, featuring CEO Paul Abbott and CFO Karen Williams, who will present the financial performance and business outlook. The hour-long webcast will be available through the Investor Relations section at investors.amexglobalbusinesstravel.com, with replay access for at least 90 days post-event.
American Express Global Business Travel (NYSE: GBTG) has received a credit rating upgrade from Moody's Ratings, elevating from B2 to B1. This marks the second credit rating upgrade for the company in the current year.
Moody's attributed the upgrade to GBTG's strong business momentum and substantial deleveraging. The rating agency also highlighted expectations for continued margin expansion, along with strong balance sheet and cash generation capabilities.
CFO Karen Williams emphasized that this upgrade validates the company's outstanding financial results and successful execution of responsible capital allocation priorities aimed at enhancing shareholder value.
American Express Global Business Travel (NYSE: GBTG) has announced amended terms for its CWT acquisition agreement. The revised deal values CWT at $540 million, down from the original $570 million, on a cash-free, debt-free basis.
Key changes include:
- Increased fixed stock price of $7.50 per share (up from $6.00)
- Reduced share issuance to approximately 50 million shares of Class A common stock (down from 72 million)
- Cash consideration remains at $70 million
- Extension of deadline to December 31, 2025
The expected 2024 Adjusted EBITDA multiples remain consistent at 7.6x pre-synergy and 2.5x post-synergy. The extension allows time to address the U.S. Department of Justice's antitrust lawsuit filed in January 2025. The transaction's closing remains subject to regulatory approvals and customary conditions.
American Express Global Business Travel (NYSE: GBTG) has received approval from the UK Competition and Markets Authority (CMA) for its planned acquisition of CWT, a global business travel and meetings solutions provider. The approval marks a significant milestone in the merger process.
Amex GBT CEO Paul Abbott expressed satisfaction with the CMA decision, highlighting the potential benefits of the merger, including increased value and choice for customers and suppliers, along with new opportunities for CWT employees.
However, the company faces ongoing challenges as the U.S. Department of Justice (DOJ) has initiated a lawsuit against the acquisition. Amex GBT's Chief Legal Officer Eric J. Bock defended the merger, stating that the DOJ's position is fundamentally flawed and takes a narrow view of competition while ignoring the presence of numerous significant competitors in the business travel sector.
American Express Global Business Travel (NYSE: GBTG) has received a credit rating upgrade from S&P Global Ratings, raising its issuer credit rating to 'BB-' from 'B+' with a stable outlook. The upgrade reflects S&P's confidence in the company's continued strong operating performance through 2025.
CFO Karen Williams highlighted the upgrade as recognition of GBTG's strong performance, citing revenue growth, significant margin expansion, free cash flow acceleration, and balanced capital allocation as key factors contributing to the improved rating.
American Express Global Business Travel (NYSE: GBTG) reported strong Q4 and full-year 2024 results. Q4 revenue reached $591 million (up 8% YoY) with Adjusted EBITDA of $110 million (up 39% YoY). Full-year performance showed revenue of $2,423 million (6% growth) and Adjusted EBITDA of $478 million (26% growth).
Key highlights include significant margin expansion with Q4 Adjusted EBITDA margin at 19% (up 420 bps), strong customer retention at 97%, and free cash flow of $165 million. The company achieved $2.8 billion in total new wins and reduced its leverage ratio to 1.8x.
For 2025, GBTG projects 5-7% revenue growth and Adjusted EBITDA growth of 11-17% to $530-$560 million. The Board authorized an additional share buyback of up to $300 million, with 8 million shares already repurchased in private buyback.
American Express Global Business Travel (NYSE: GBTG) has received provisional clearance from the UK's Competition and Markets Authority (CMA) for its proposed acquisition of CWT, a global business travel solutions provider. The CMA has preliminarily concluded that the acquisition raises no competition concerns, with a final decision expected by March 9, 2025.
However, the company faces ongoing challenges as it defends against a lawsuit filed by the U.S. Department of Justice's Antitrust Division in January 2025, which seeks to block the transaction. GBT's Chief Legal Officer argues that the DOJ's lawsuit is fundamentally flawed, citing an outdated view of competition that overlooks emerging competitors in the business travel sector.
The acquisition, announced on March 25, 2024, remains subject to customary closing conditions and regulatory approvals. GBT's CEO states the merger would enhance investment and innovation in business travel, benefiting customers, suppliers, and CWT employees.
American Express Global Business Travel (NYSE: GBTG) has announced it will release its fourth quarter and full-year 2024 financial results on February 27, 2025, before market opening. CEO Paul Abbott and CFO Karen Williams will host a live audio webcast at 09:00 A.M. ET to discuss the company's financial performance and business outlook.
The webcast will be accessible through the Investor Relations section of Amex GBT's website at investors.amexglobalbusinesstravel.com and is expected to last approximately one hour. A replay will remain available on the website for at least 90 days after the event.
American Express Global Business Travel (NYSE: GBTG) has received an interim report from the U.K. Competition and Markets Authority (CMA) regarding its proposed acquisition of CWT. The company strongly disagrees with CMA's assessment that the transaction could substantially lessen competition in the UK. Amex GBT argues that the CMA's report overlooks the highly competitive nature of the business travel sector and focuses incorrectly on a narrow market segment. The company plans to address the CMA's concerns while continuing to work with other regulators, including the U.S. Department of Justice. The transaction is still expected to close in Q1 2025.
American Express Global Business Travel (NYSE: GBTG) reported strong Q3 2024 results with Total Transaction Value (TTV) growing 9% to $7.8 billion and revenue increasing 5% to $597 million. The company achieved significant margin expansion with Adjusted EBITDA growing 23% to $118 million. Free Cash Flow generation was $59 million, leading to raised full-year guidance of approximately $160 million. The Board authorized a $300 million share buyback program, following an $55 million private share buyback completed in Q3. The company maintained a strong 97% customer retention rate and reported LTM Total New Wins Value of $3.0 billion.
