Global Business Travel Group, Inc. (NYSE:GBTG) Q2 2025 Earnings Conference Call August 5, 2025 9:00 AM ET
Company Participants
Jennifer Thorington – Vice President of Investor Relations
Karen Williams – Chief Financial Officer
Paul Abbott – CEO & Director
Conference Call Participants
Jacob Paul Gunning – Evercore ISI Institutional Equities, Research Division
James Goodall – Redburn (Europe) Limited, Research Division
Lee Horowitz – Deutsche Bank AG, Research Division
Yehuda Silverman – Morgan Stanley, Research Division
Operator
Good morning, and welcome to the American Express Global Business Travel Second Quarter 2025 Earnings Conference Call. As a reminder, please note today’s call is being recorded. I will now turn the call over to the Vice President of Investor Relations, Jennifer Thorington, to begin. Please go ahead when you are ready.
Jennifer Thorington
Hello, and good morning, everyone. Thank you for joining us for our second quarter 2025 earnings conference call. This morning, we issued an earnings press release, which is available on sec.gov and our website at investors.amexglobalbusinesstravel.com. A slide presentation, which accompanies today’s prepared remarks is also available on the Amex GBT Investor Relations web page.
We would like to advise you that our comments contain certain forward-looking statements that represent our beliefs or expectations about future events, including industry and macroeconomic trends, cost savings and acquisition synergies, among others. All forward- looking statements involve risks and uncertainties that may cause actual results to differ materially from the statements made on today’s conference call. More information on these and other risks and uncertainties is contained in our earnings release issued this morning and our other SEC filings.
Throughout today’s call, we will also be presenting certain non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted operating expenses, free cash flow and net debt. All references during today’s call to such non- GAAP financial measures have
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