Filing Flows › Global Business Travel Group (GBTG) › Q4 2024
Global Business Travel Group (GBTG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 7, 2025
Global Business Travel Group (GBTG) reported revenue of $591M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and -1% from the quarter before. Operating margin was 5.1%, net loss $14.0M (2.4% of revenue).
Global Business Travel Group, Q4 2024: revenue $591M (+8% year over year), operating margin 5.1%, net loss $14.0M, operating cash flow $65.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $591M | -1% | +8% |
| Operating profit | $30.0M | — | — |
| Net earnings | −$14.0M | — | — |
| Operating cash flow | $65.0M | -24% | +12% |
| Free cash flow | $33.0M | — | +3% |
What changed
Revenue was $591.0M in Q4 2024, up 8% year over year and down 1% from the previous quarter. Travel revenue was the largest line at 77% of revenue.
Operating profit was $30.0M, a 5.1% margin (up 4.5 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 1% margin then. Total costs grew 3% against revenue growth of 8%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $14.0M, narrower than the previous quarter's $128.0M loss. Net interest and other expense of $33.0M was the main reason.
Operating cash flow was $65.0M (up 12% year over year). Non-cash charges added back $40.0M of depreciation and amortization and $19.0M of share-based compensation. Working capital and other items added $20.0M. After purchase of property and equipment ($32.0M), free cash flow as the company reports it was $33.0M.
Questions
What was Global Business Travel Group's revenue in the fourth quarter 2024?
Global Business Travel Group (GBTG) reported revenue of $591M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and -1% from the quarter before.
Was Global Business Travel Group profitable in the fourth quarter 2024?
Operating profit was $30.0M (5.1% of revenue) and net loss $14.0M.