Shares of Global Business Travel Group, Inc. (GBTG) plummeted 5.95% in Tuesday's trading session following the release of its first-quarter earnings report and disappointing guidance. The company, which provides business travel management services, faced a significant setback despite meeting earnings per share expectations.
Global Business Travel Group reported Q1 revenue of $621 million, falling short of the $633.6 million analysts had anticipated. While the company's adjusted earnings per share of $0.12 met Wall Street's expectations, the revenue miss raised concerns among investors. The company's net income for the quarter stood at $75 million, with an operating income of $55 million.
Adding to the downward pressure on the stock, Global Business Travel Group provided guidance that fell below market expectations. For the second quarter of 2025, the company forecasts revenue between $615 million and $635 million, significantly lower than the $652.6 million analysts were projecting. Furthermore, the full-year 2025 revenue guidance of $2.38 billion to $2.48 billion also disappointed, as it came in below the market's expectation of $2.54 billion. This outlook suggests potential challenges in the company's growth trajectory, prompting investors to reassess their positions and leading to the sharp decline in stock price.