Global Business Travel Group, Inc. (GBTG) Misses Q3 EPS by 35c, Offers Guidance
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American Express Global Business Travel Reports Q3 2022 Financial Results and Reiterates Full-Year 2022 Guidance
November 10, 2022 7:45 AM ESTNEW YORK--(BUSINESS WIRE)-- American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (Amex GBT or the Company), the worlds leading B2B travel platform, today announced financial results for the third quarter ended September 30, 2022.
Q3 2022 Highlights
Strong Revenue and Earnings Trends
Revenue increased 147% to $488 million compared to Q3 2021. Revenue recovery reached 72% of 2019 pro forma1 revenue, up from 65% in Q2 2022. Adjusted EBITDA2 totaled $41 million. Adjusted EBITDA2 fall-through on year-over-year revenue growth versus 2021 pro forma1 was 67%. Net loss totaled ($73)... More