Global Business Travel Group, Inc. (NYSE: GBTG) stock plummeted 5.05% in intraday trading on Tuesday, following the release of the company's full-year 2024 earnings results that fell short of market expectations.
While the company reported a 5.8% increase in revenue, reaching $2.42 billion, its net loss widened by 119% compared to the previous year, amounting to $138 million. The company's earnings per share (EPS) also missed analyst estimates by 31%, further contributing to investor disappointment.
Despite Global Business Travel Group's efforts to expand its business travel and meetings and events segment, the company's financial performance failed to meet the market's expectations, resulting in a significant sell-off of its shares during Tuesday's trading session.
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