American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it has received an upgrade from S&P Global Ratings (“S&P”) to its issuer credit rating to ‘BB-’ from ‘B+” with a stable outlook.
B2B travel services company Global Business Travel (NYSEGBTG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.7% year on year to $591 million. On the other hand, the company’s full-year revenue guidance of $2.53 billion at the midpoint came in 1.7% below analysts’ estimates. Its GAAP profit of $0.30 per share was significantly above analysts’ consensus estimates.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events today announced financial results for the fourth quarter and full year ended December 31, 2024.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that the UK’s Competition and Markets Authority (the "CMA") has provisionally concluded that it has not identified any competition concerns with GBT’s proposed acquisition of CWT, a global business travel and solutions provider. The CMA’s final decision is required to be made by March 9, 2025.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it will report fourth quarter and full-year 2024 financial results on February 27, 2025, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT’s financial performance and business outlook on a live audio webcast at 09:00 A.M. ET.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and hr software stocks fared in Q2, starting with Zuora (NYSEZUO).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Global Business Travel (NYSEGBTG) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Intuit (NASDAQINTU) and its peers.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings & events, has confirmed today that the U.K. Competition and Markets Authority (the “CMA”) has published its interim report regarding Amex GBT’s proposed acquisition of CWT, a global business travel and meeting solutions provider. Amex GBT fundamentally disagrees with the CMA’s interim assessment that the transaction may result in a substantial lessening of competition in the UK and it will continue to work collaboratively with the CMA to demonstrate that the transaction should be approved by the CMA.
B2B travel services company Global Business Travel (NYSEGBTG) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 4.6% year on year to $597 million. The company’s full-year revenue guidance of $2.43 billion at the midpoint came in slightly below analysts’ estimates. Its GAAP loss of $0.28 per share was also 251% below analysts’ consensus estimates.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the third quarter ended September 30, 2024.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it will report third quarter 2024 financial results on November 5, 2024, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT’s financial performance and business outlook on a live audio webcast at 09:00 A.M. ET.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel, expense, and meetings & events, today announced that during the third quarter of 2024, the Company repurchased 8,000,000 shares of its Class A common stock from a stockholder of the Company in a privately negotiated transaction at a purchase price of approximately $6.85 per share, or approximately $55 million in aggregate. The stock repurchase was funded by the Company’s cash on hand and was unanimously approved by the Company’s Board of Directors. The total number of shares repurchased by the Company amounted to approximately 1.7% of its shares outstanding as of June 30, 2024.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT”), a leading B2B software and services company for travel, expense, and meetings & events, today announced that it will present at Citi’s 2024 Global TMT Conference on September 5, 2024, beginning at 11:40AM ET in New York City.
GBTG stock results show that Global Business Travel beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading B2B software and services company for travel, expense, and meetings & events, today announced financial results for the second quarter ended June 30, 2024.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings & events, has today announced it now expects its proposed acquisition of CWT, a global business travel and meeting solutions provider, to close in the first quarter of 2025.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings and events, today announced that it entered into an amended and restated credit agreement, which provides for a principal amount of $1,400 million senior secured first lien term loan facility, maturing on July 26, 2031, and a $360 million senior secured first lien revolving credit facility, maturing on July 26, 2029.
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSEGBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it will report second quarter 2024 financial results on August 6, 2024, before the market opens followed by a live audio webcast at 9:00 a.m. ET. Paul Abbott, Chief Executive Officer, and Karen Williams, Chief Financial Officer, will discuss Amex GBT’s financial performance and business outlook.
