Shares of Global Business Travel Group, Inc. (GBTG) plunged 6.03% in the pre-market trading session on Thursday, following the company's disappointing fourth quarter 2024 earnings release.
The corporate travel management company reported a net loss of $14 million for Q4, missing analyst expectations. The weak results weighed heavily on investor sentiment, leading to a significant sell-off in GBTG's stock.
Investors are likely concerned about the company's profitability and growth prospects, given the challenges faced in the corporate travel industry. GBTG will need to address these concerns and deliver improved financial performance to regain market confidence and support its stock price.
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