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Raised Full-Year 2025 Guidance and Provided Preliminary Expectations for Full-Year 2026
The guidance below is updated to reflect the acquisition of CWT, which closed on September 2, 2025, with no change to expectations for the core business (tracking in line with previous midpoint).
| Updated FY 2025 Guidance | Vs. Previous Midpoint | |
| Revenue | $2.705B - $2.725B + 12% YOY | + $227M |
| Adjusted EBITDA | $523M - $533M +9% - 11% YOY | + $5M |
| Free Cash Flow | $90M - $110M | ($50M) due to CWT cash impact |
The company also shared full-year 2026 preliminary expectations for 19% to 21% revenue growth and $615 million to $645 million in Adjusted EBITDA, representing growth of 16% to 22% year-over-year.
Posted In: GBTG
