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Global Business Travel Raises FY2025 Sales Guidance from $2.460B-$2.515B to $2.705B-$2.725B vs $2.481B Est

Benzinga·11/10/2025 12:16:59
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Raised Full-Year 2025 Guidance and Provided Preliminary Expectations for Full-Year 2026

The guidance below is updated to reflect the acquisition of CWT, which closed on September 2, 2025, with no change to expectations for the core business (tracking in line with previous midpoint).

  Updated FY 2025 Guidance Vs. Previous Midpoint
Revenue

$2.705B - $2.725B

+ 12% YOY

+ $227M
Adjusted EBITDA

$523M - $533M

+9% - 11% YOY

+ $5M
Free Cash Flow $90M - $110M ($50M) due to CWT cash impact

The company also shared full-year 2026 preliminary expectations for 19% to 21% revenue growth and $615 million to $645 million in Adjusted EBITDA, representing growth of 16% to 22% year-over-year.