Global Business Travel (US:GBTG)2025-05-06 12:21Financial Performance - Q1 2025 Adjusted EBITDA increased by 15% year-over-year to $141 million[19, 23] - Q1 2025 Free Cash Flow increased by 9% year-over-year to $26 million[19] - Q1 2025 revenue grew by 4% year-over-year on a constant currency, WDA basis (2% reported), reaching $621 million[19, 23, 38] - Adjusted EBITDA margin expanded by 260 bps year-over-year in Q1 2025[19, 35, 38] Business Growth and Customer Retention - Last Twelve Months (LTM) Total New Wins Value accelerated to $3.2 billion, including $2.3 billion from SME[19, 30] - The company has a 96% LTM customer retention rate[19, 30] - Digital transactions grew by 5%, with 81% of transactions processed through digital channels[34] Financial Outlook - Q2 2025 revenue guidance is between $615 million and $635 million, with a midpoint of $625 million[52] - Q2 2025 Adjusted EBITDA guidance is between $125 million and $135 million, with a midpoint of $130 million[52] - Full-year 2025 revenue guidance is between $2.38 billion and $2.48 billion, with a midpoint of $2.43 billion[56] - Full-year 2025 Adjusted EBITDA guidance is between $480 million and $540 million, with a midpoint of $510 million[56] - Full-year 2025 Free Cash Flow guidance midpoint is $140 million[59]