Collaboration brings SynXis® platform and global GDS/IDS connectivity and alternative distribution channels for up to 1,200 independent hotels and resorts globally with a focus on driving growth in the United Arab Emirates, Turkey, Qatar, and Saudi ArabiaSOUTHLAKE, Texas and ISTANBUL, Nov. 7, 2024 /PRNewswire/ -- Sabre Hospitality, a division of Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new partnership with BookLogi ...

Sabre-connected agencies can now book NDC content from India's flagship carrierSOUTHLAKE, Texas and SINGAPORE and NEW DELHI, India, Nov. 7, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a major milestone in air travel distribution for India, with the launch of New Distribution Capability (NDC) content for Air India, the country's flagship airline.As part of Air India's strategic modernization efforts, ...

Sabre Corporation (SABR) reported third-quarter 2024 adjusted loss of 4 cents per share, wider than the Zacks Consensus Estimate of a loss of 2 cents. However, the figure was narrower than the year-ago quarter’s loss of 6 cents. The year-over-year improvement in the bottom line was due to the benefits of increased revenues and cost-improvement implementations.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Sabre reported revenues of $764.7 million, which missed the consensus mark of $ ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $765 million, a 3% increase year-on-year, with distribution revenue totaling $551 million, up 5% from $525 million in Q3 2023 [32][35] - Adjusted EBITDA increased by 19% year-on-year to $131 million, with the adjusted EBITDA margin improving from 15% in Q3 2023 to 17% in Q3 2024 [12][35] - Free cash flow generated in Q3 2024 was $8 million, with a cash balance of $690 million at the end of the quarter [35] Business Line Data and Key Metrics Changes - Travel Solutions saw air distribution bookings grow by over 3% year-on-year, outperforming the industry, with corporate travel volumes increasing by 3% to 4% [14][15] - Hospitality Solutions revenue reached $84 million, a 7% year-on-year increase, marking the highest quarterly revenue in the segment's history, with adjusted EBITDA improving by 67% to $11 million [18][34] - IT Solutions revenue declined to $140 million, a $7 million decrease from the previous year, primarily due to previously disclosed demigrations [33] Market Data and Key Metrics Changes - Hotel distribution bookings increased by 9% year-on-year, with a two percentage point increase in the hotel attachment rate relative to air bookings [26] - The company reported strong growth in corporate travel and positive trends in air distribution, particularly in Asia [15][57] Company Strategy and Development Direction - The company is focused on six growth strategies aimed at generating positive free cash flow, delivering sustainable growth, driving innovation, and reducing costs [13][39] - SabreMosaic, an AI-powered technology platform, is being developed to modernize travel retailing and has received positive feedback from airlines [20][21] - The company aims to achieve over $700 million in adjusted EBITDA and over $200 million in free cash flow by 2025, supported by ongoing commercial wins and strategic initiatives [38][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing strength of demand in both corporate and leisure travel, with no significant downward pressure observed [57] - The company anticipates continued momentum in air distribution bookings as new commercial agreements are implemented [56] - Management highlighted the importance of cost management and technology transformation in driving future profitability [39] Other Important Information - The company expects Q4 2024 revenue of approximately $715 million and adjusted EBITDA of around $115 million, with a strong focus on free cash flow generation [36] - The company is on track to achieve its full-year adjusted EBITDA target of nearly $515 million for 2024 [37] Q&A Session Summary Question: Revenue miss versus guidance and IT Solutions dynamics - Management noted that the $10 million revenue miss was due to small differences across various revenue streams, with Air Distribution bookings falling short by 200,000 bookings [43][44] Question: Free cash flow trajectory and confidence in Q4 - Management highlighted that Q4 is typically the strongest quarter for free cash flow and expressed confidence in achieving greater than $80 million in Q4 [48][50] Question: Air Distribution momentum into 2025 - Management indicated confidence in a meaningful acceleration in Air Distribution bookings due to recent commercial wins, although specifics for 2025 will be discussed in February [56] Question: Impact of new wins on gross margins - Management stated that while new wins are not yet reflected in results, they expect gross margins to remain stable around 60% moving forward [58][60] Question: Guidance for Q4 and booking trends - Management confirmed that booking trends are consistent with Q3, with challenges in reaching agreements with certain carriers but overall confidence in competitive positioning [64][66] Question: Revenue per booking and 2025 outlook - Management expects average booking fees to exceed $6 in Q4 and remains on track for over $700 million in adjusted EBITDA for 2025, with potential for better performance depending on market conditions [70][72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Sabre Corporation (Exact name of registrant as specified in its charter) Delaware 001-36422 20-8647322 (State or other jurisdiction of incorporation or organization)(Commission File Number) (I.R.S. ...

Core Viewpoint - Minera Alamos Inc. has announced the acquisition of Sabre Gold Mines Corp., enhancing its position as a growth-oriented gold producer by adding the Copperstone project, which is expected to provide significant near-term production potential [2][3]. Transaction Highlights - The acquisition creates a diversified North American gold producer platform, adding 150,000 ounces of annual gold production potential from the Copperstone project in Arizona, alongside existing operations in Mexico [3][6]. - The Copperstone mine, previously producing 514,000 ounces of gold from 1987 to 1993, has significant additional resources and is at an advanced stage of permitting for a near-term restart [3][17]. - The transaction will eliminate approximately $9.4 million of existing debt at a 15% discount to face value, supported by Sabre's creditors [3][10]. Benefits to Minera Alamos Shareholders - The acquisition of the low capital intensity Copperstone project complements Minera Alamos' existing late-stage development assets and the Santana gold mine [5][10]. - The current Preliminary Economic Assessment (PEA) for Copperstone envisions a low capex start-up capable of producing over 40,000 ounces of gold annually at an All-In Sustaining Cost (AISC) of $1,290 per ounce [6][22]. - The acquisition cost is approximately $43 per ounce based on 300,000 ounces of Measured and Indicated resources, leading to a 35% increase in Minera Alamos' total gold resource inventory to nearly 1.9 million ounces [7][10]. Benefits to Sabre Gold Shareholders - Sabre Gold shareholders will receive a significant premium and maintain exposure to the Copperstone Mine through ownership in the combined company, while also gaining access to Minera Alamos' producing assets [10][12]. - The merger diversifies Sabre's exposure from a single asset to a portfolio with multiple production and late-stage projects, enhancing trading liquidity and capital market presence [10][12]. Transaction Details - The transaction involves the exchange of all Sabre Gold shares for 0.693 Minera Alamos shares, resulting in the issuance of approximately 76.5 million Minera Alamos shares [11][12]. - Upon completion, existing Minera Alamos and Sabre Gold shareholders will own approximately 86% and 14% of the combined company, respectively [12][30]. - The transaction is subject to customary conditions, including shareholder and court approvals, with a special meeting of Sabre Gold shareholders expected in January 2025 [13][14]. Copperstone Project Overview - The Copperstone project covers approximately 3,700 hectares in Arizona and has a history of production with significant existing infrastructure [16][17]. - The 2023 PEA outlines a revised start-up plan for the Copperstone project, including resource estimates and alternative mining methods [18][22]. - The project benefits from existing site infrastructure, which will reduce upfront construction costs and initial capital per payable gold ounce [19][20].

Over 900 Premier Inn Hotels in the UK, Ireland, and Germany Now Available through Sabre's Content Services for Lodging PlatformSOUTHLAKE, Texas and LONDON, Oct. 24, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, has announced a new distribution agreement with Premier Inn, the UK's largest hotel brand, ensuring travel buyers worldwide have access to Premier Inn's expansive lodging content.With over 900 properties and m ...

World Travel's commitment to superior customer service bolstered with Sabre's robust NDC infrastructure within a multi-source content platform SOUTHLAKE, Texas, Oct. 22, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, today announced a new multi-year distribution agreement with World Travel, Inc., one of the top 10 largest Travel Management Companies (TMC) in the United States.The new agreement will allow thousands of Wor ...

SOUTHLAKE, Texas, Oct. 17, 2024 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) will host a live webcast of its third quarter 2024 earnings conference call on October 31, 2024 at 9:00 a.m. ET. Management will discuss the financial results, as well as comment on the forward outlook. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Sabre's website at investors.sabre.com. A replay of the event will be available on the website ...

Core Insights - Sabre Corporation has elected Eric L. Kelly to its Board of Directors, effective January 1, 2025, highlighting the importance of his experience in technology evolution for the company in 2025 [1][2] Company Overview - Sabre Corporation is a leading software and technology company that serves the global travel industry, providing solutions for airlines, hoteliers, travel agencies, and other suppliers [7] - The company operates a travel marketplace that connects travel suppliers with buyers globally, enhancing operational efficiency and personalized traveler experiences [7] Eric L. Kelly's Background - Eric L. Kelly has over 40 years of experience in the technology industry, holding various senior executive roles and achieving consistent success [2][4] - He currently serves as Chairman and CEO of Overland Tandberg and has a history of leadership in multiple technology companies, including Sphere 3D Corporation and Overland Storage, Inc. [5] - Kelly's expertise includes cybersecurity, complex M&A strategy, international corporate finance, and business transformations, making him a valuable addition to Sabre's Board [4][5] Board Committees - Kelly will serve on both the technology committee and the audit committee of Sabre's Board of Directors, indicating his role in guiding the company's technological and financial oversight [3]