← Global Business Travel Group, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $1.9b | $2.3b | $2.4b | $2.7b | |
| Cost of revenue (excluding depreciation and amortization shown separately below) | $529.0m | $477.0m | $832.0m | $958.0m | $967.0m | $1.1b | |
| Total operating expenses | $583k | $12.9m | $2.0b | $2.3b | $2.3b | $2.6b | |
| Operating income (loss) | ($747.0m) | ($560.0m) | ($198.0m) | ($8.0m) | $115.0m | $130.0m | |
| Sales and marketing | $199.0m | $201.0m | $337.0m | $393.0m | $400.0m | $442.0m | |
| Technology and content | $277.0m | $264.0m | $388.0m | $405.0m | $442.0m | $527.0m | |
| General and administrative | $537k | $12.7m | $313.0m | $306.0m | $308.0m | $290.0m | |
| Restructuring and other exit charges | $206.0m | $14.0m | ($3.0m) | $42.0m | $13.0m | $52.0m | |
| Depreciation and amortization | $148.0m | $154.0m | $182.0m | $194.0m | $178.0m | $192.0m | |
| Interest income | $176k | $371k | $0 | $1.0m | $6.0m | $8.0m | |
| Loss on early extinguishment of debt | — | ($49.0m) | $0 | $0 | ($38.0m) | ($2.0m) | |
| Fair value movement on earnout derivative liabilities | — | — | — | $13.0m | ($56.0m) | $96.0m | |
| Gain on remeasurement of previously held equity interest | — | — | — | $0 | $0 | $39.0m | |
| Other (loss) income, net | ($19.1m) | $19.1m | $1.0m | ($10.0m) | $17.0m | ($29.0m) | |
| Income (loss) before income taxes and share of income from equity method investments | ($759.0m) | ($653.0m) | ($287.0m) | ($145.0m) | ($71.0m) | $147.0m | |
| (Provision for) benefit from income taxes | $145.0m | $186.0m | $61.0m | $9.0m | ($66.0m) | ($40.0m) | |
| Share of income from equity method investments | ($5.0m) | ($8.0m) | ($3.0m) | $0 | $3.0m | $4.0m | |
| Net income (loss) | ($19.6m) | $6.2m | ($229.0m) | ($136.0m) | ($134.0m) | $111.0m | |
| Less: net income (loss) attributable to non-controlling interests in subsidiaries | ($619.0m) | ($475.0m) | ($204.0m) | ($73.0m) | $4.0m | $2.0m | |
| Net income (loss) attributable to the Company’s Class A common stockholders | ($19.6m) | $0 | ($25.0m) | ($63.0m) | ($138.0m) | $109.0m | |
| Basic income (loss) per share attributable to the Company’s Class A common stockholders (in dollars per share) | ($1) | $0 | ($0) | ($0) | ($0) | $0 | |
| Diluted income (loss) per share attributable to the Company’s Class A common stockholders (in dollars per share) | ($1) | $0 | ($1) | ($0) | ($0) | $0 | |
| Weighted average number of shares outstanding - Basic (in shares) | 37.8m | 102.1m | 51.3m | 251.6m | 462.7m | 484.5m | |
| Weighted average number of shares outstanding - Diluted (in shares) | 37.8m | 102.1m | 445.7m | 458.1m | 462.7m | 492.8m | |
| Interest expense | ($414) | ($5k) | ($98.0m) | ($141.0m) | ($115.0m) | ($95.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.