Global Business Travel Group, Inc. has recently released its 10-Q report, providing a detailed look into the company's financial condition and results of operations. The company operates as a business-to-business (B2B) travel platform, offering technology-enabled solutions to business travelers and clients, travel content suppliers, and third-party travel agencies. It also provides consulting, meetings and events planning, and outsourced services, as well as manages end-to-end logistics of business travel. Additionally, the company offers digital travel platforms such as Amex GBT Egencia and Amex GBT Neo1.
In ITEM 2 of the report, Global Business Travel discusses forward-looking statements, highlighting the potential impact of various factors on the company's future developments and financial performance. These factors include changes to projected financial information, geopolitical conflicts, the impact of the federal government shutdown, and the effect of legal, tax, and regulatory changes.
The report also discusses the merger of CWT, a global business travel and meetings management company, which was completed in September 2025. The acquisition of CWT is expected to have a significant impact on Global Business Travel's revenue, cost of revenue, and other operating expenses.
Furthermore, the report addresses key factors affecting the company's results of operations, including the impact of acquisitions, fair value movements for earnout shares, and foreign currency exchange. It also provides key operating and financial metrics for the three and nine months ended September 30, 2025, highlighting changes in total transaction value (TTV), transaction growth, revenue, total operating expenses, gross profit, net income, and net cash from operating activities.
Global Business Travel's TTV increased by $1,771 million, or 23%, to $9,523 million for the three months ended September 30, 2025, compared to the same period in 2024. Transaction growth was 19% for the same period. The company reported a net loss of $62 million for the three months ended September 30, 2025, an improvement from a net loss of $128 million for the same period in 2024. Additionally, the report includes non-GAAP financial measures, providing adjusted gross profit, EBITDA, and adjusted EBITDA for the same periods.
Following these announcements, the company's shares moved 2.44%, and are now trading at a price of $7.96. For the full picture, make sure to review Global Business Travel's 10-Q report.
