Global Business Travel Q4 Revenues Gain From Travel Boost: Details

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American Express Global Business Travel, which is operated by Global Business Travel Group Inc (NYSE:GBTG), (Amex GBT) reported fourth-quarter FY23 sales growth of 4.2% year-on-year to $549 million, beating the analyst consensus estimate of $541.17 million.

The revenue increase is primarily due to growth in Total Transaction Value driven by continued growth in business travel and growth in Product & Professional Services revenue.

The total operating expenses for the quarter declined 4% to $546 million.

Net loss …

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