Sabre Corporation (SABR) has been witnessing the growing adoption of its solutions across the airlines and hospitality industries. Most recently, its SynXis Retailing platform has been selected by Fraser Hospitality to streamline its retail merchandising business. Fraser Hospitality, which has been a partner of Sabre since 2009, has been using SABR's Booking Engine. The expansion of collaboration on SynXis Retailing will enable Fraser Hospitality to enhance the overall service by offering guests a more pers ...

"We are thrilled to partner with Frasers Hospitality in revolutionizing the guest experience and driving revenue growth through SynXis Retailing," said Scott Wilson, President, Sabre Hospitality. "This collaboration underscores our shared commitment to innovation and delivering unparalleled value to hoteliers and guests alike. Hospitality retailing plays a pivotal role in this endeavor, as it allows hospitality companies to not only offer accommodation but also to curate personalized experiences and ancilla ...

Proprietary, intelligent end-to-end platform enables airlines to fully transform and modernize their retailing strategies Powered by Google's industry-leading AI and Google Cloud architecture, SabreMosaic is built for flexibility and speed through a modular and open technology structure SOUTHLAKE, Texas, May 22, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company powering the travel industry, today introduced SabreMosaicTM, a new intelligent, modular and open tec ...

Sabre Corporation (NASDAQ:SABR) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Brian Evans - Senior Vice President of Investor Relations and Treasurer Kurt Ekert - President and Chief Executive Officer Mike Randolfi - Chief Financial Officer Scott Wilson - Executive Vice President and President of Hospitality Solutions Conference Call Participants Jed Kelly - Oppenheimer James Lee - Mizuho Brett Knoblauch - Cantor Fitzgerald Dan Wasiolek - Morningstar Alex Irving - Bernstein V ...

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 March 31, 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) (State or other jurisdiction of incorporation or organization) Delaware 001-36422 20-8647322 (Commission File Number) (I.R.S. E ...

Financial Performance - Sabre reported Q1 2024 revenue of $783 million, a 5% increase from $743 million in Q1 2023[4] - Operating income for Q1 2024 was $98 million, compared to a near break-even operating loss in Q1 2023, resulting in a 13 percentage point improvement in operating margin[2][5] - Adjusted EBITDA for Q1 2024 was $142 million, a significant increase of 145% from $58 million in Q1 2023[7][12] - Net loss attributable to common stockholders decreased to $71 million in Q1 2024 from $104 million in Q1 2023, with diluted net loss per share improving to $0.19 from $0.32[6][12] - Revenue for Q1 2024 was $782.886 million, an increase of 5.7% compared to $742.695 million in Q1 2023[30] - Operating income for Q1 2024 was $98.085 million, a significant improvement from a loss of $0.213 million in Q1 2023[30] - Net loss attributable to Sabre Corporation for Q1 2024 was $71.483 million, compared to a net loss of $98.934 million in Q1 2023, representing a reduction of 27.8%[30] - Basic net loss per share attributable to common stockholders was $0.19 for Q1 2024, unchanged from Q1 2023[30] - Adjusted Net Loss from continuing operations for Q1 2024 was $5,739,000, compared to $58,301,000 in Q1 2023, representing a significant improvement[46] - Adjusted EBITDA for Q1 2024 was $142,306,000, up from $58,062,000 in Q1 2023, indicating a year-over-year increase of 144.5%[46] - Adjusted EBITDA Margin for Q1 2024 was 18.2%, compared to 7.8% in Q1 2023, reflecting a substantial increase in operational efficiency[46] Revenue Breakdown - Travel Solutions revenue increased by 5% to $714 million, driven by favorable rate impacts and an increase in global bookings[13] - Hospitality Solutions revenue rose by 7% to $79 million, supported by a 5% increase in central reservation system transactions[13] Cash and Debt Management - Sabre ended Q1 2024 with a cash balance of $650 million and refinanced over $300 million of 2025 debt maturities, increasing liquidity by approximately $70 million[2][12] - Total current assets increased to $1.227 billion as of March 31, 2024, up from $1.159 billion at the end of 2023[32] - Long-term debt rose to $4.985 billion as of March 31, 2024, compared to $4.829 billion at the end of 2023[32] - Cash and cash equivalents decreased to $629.137 million from $648.207 million at the end of 2023[32] - Cash used in operating activities for Q1 2024 was $68.090 million, slightly improved from $72.409 million in Q1 2023[34] - The company reported a loss on extinguishment of debt amounting to $37.994 million in Q1 2024[30] - Interest expense, net for Q1 2024 was $124,747,000, up from $99,784,000 in Q1 2023, suggesting increased borrowing costs[48] Future Guidance - For Q2 2024, Sabre expects revenue of approximately $750 million and Adjusted EBITDA of around $115 million[15] - Full-year 2024 revenue guidance is raised to approximately $3,040 million, with Adjusted EBITDA expected to be around $520 million[15] - Free Cash Flow is projected to be positive for both Q2 2024 and the full year 2024[15] Shareholder Impact - Total diluted weighted-average common shares outstanding increased to 379,774,000 in Q1 2024 from 328,928,000 in Q1 2023, reflecting a dilution effect[46] - Free Cash Flow for Q1 2024 was $(95,766,000), slightly worse than $(90,519,000) in Q1 2023, indicating ongoing cash usage in operations[47] - Acquisition-related amortization for Q1 2024 was $9,622,000, compared to $9,934,000 in Q1 2023, indicating a slight decrease in amortization expenses[46]

Sabre Corporation (NASDAQ:SABR) Q4 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Brian Evans - SVP, IR and Treasurer Kurt Ekert - CEO and President Michael Randolfi - CFO and EVP Scott Wilson - EVP and President, Hospitality Solutions Conference Call Participants Josh Baer - Morgan Stanley Jed Kelly - Oppenheimer Dan Wasiolek - Morningstar Alex Irving - Bernstein Victor Cheng - Bank of America Operator Good morning and welcome to the Sabre's Fourth Quarter and Full Year 202 ...

CONFERMA/PAYMENTS $14B (gross spend volume in $) Faster GDS industry bookings growth vs. broader industry • Trailing twelve months ended December 31, 2023. Recurring revenue is defined as all revenue associated with products/services that are governed by multi-year agreements and otherwise do not have a finite/discreet service period or deliverable. ©2024 Sabre GLBL Inc. All rights reserved. 9 Technology transformation remains on track Q4 and FY23 Accomplishments • Exceeded mainframe and cloud cost reductio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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. Employ ...

Financial Data and Key Metrics - Q3 revenue was $740 million, a 12% increase YoY, driven by strong performance across Distribution and Hospitality Solutions [74][97][98] - Adjusted EBITDA improved by $76 million YoY to $110 million, with nearly 100% flow-through of incremental revenue to adjusted EBITDA [77][99] - Free cash flow was $39 million in Q3, exceeding prior guidance of $20 million, marking the first positive Q3 free cash flow since 2019 [77] - Distribution bookings totaled 89 million, up 12% YoY, with an average booking fee of $5.87, a 9% increase YoY [97] - Hospitality Solutions revenue grew 16% YoY to $79 million, driven by transaction growth and higher rates per transaction [98] Business Line Performance - Distribution revenue increased 22% YoY to $525 million, supported by higher booking volumes and favorable regional and travel type mix [97] - Hospitality Solutions revenue grew 16% YoY to $79 million, with adjusted EBITDA on track for a $40 million improvement in 2023 versus 2022 [98] - IT Solutions revenue declined by $26 million YoY to $147 million, primarily due to demigrations, largely impacted by changes in Russian law [75] Market Performance - North America is fully recovered to 2019 levels, while Asia is at mid-60s and Europe at 70s recovery levels [65] - Latin America showed a slight recovery trend but has recently trended back [65] - Air India's domestic content agreement highlights Sabre's ability to penetrate one of the largest GDS markets globally [15][111] Strategic Direction and Industry Competition - The company is focused on four strategic priorities: generating positive free cash flow, deleveraging the balance sheet, achieving sustainable growth, and driving innovation [6][25] - Technology transformation to Google Cloud is on track, with a 10% YoY reduction in adjusted technology costs and expected annual cost savings of $200 million by 2024 [12][55] - Strategic partnerships with Google and Hopper have led to innovative solutions like Sabre Upgrade IQ and Lodging AI, enhancing personalized offerings for airlines and hotels [10][11][29] - The company is building a multisource travel ecosystem to integrate NDC and EDIFACT content seamlessly, positioning itself as a leader in next-generation travel technology [33][115] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on its strategic priorities, citing strong Q3 performance and continued momentum in key financial metrics [6][23][36] - The company expects to achieve $900 million in adjusted EBITDA and $500 million in free cash flow by 2025, supported by cost reductions, technology transformation, and strategic growth initiatives [84][103] - Industry air volume growth assumptions for 2025 include 1-2% sequential quarterly growth, with each point of growth contributing approximately $12 million in adjusted EBITDA annually [103][121] Other Important Information - The company extended the majority of its 2025 debt maturities to 2027 and beyond, improving its financial flexibility [8][78] - Sabre's cash balance at the end of Q3 was $623 million, exceeding cumulative debt maturities through 2026 [78][100] - The company expects full-year 2023 revenue between $2.9 billion and $3 billion, with adjusted EBITDA guidance raised to $345 million [101][102] Q&A Session Summary Questions and Answers - **Question on NDC impact**: NDC represents about 1% of the GDS marketplace, with minimal impact on average booking fees [68][70] - **Question on Air India contract**: The agreement unlocks one of the largest GDS markets globally, previously exclusive to a competitor [111] - **Question on corporate travel recovery**: Corporate travel has recovered to 75% of 2019 levels on a unit basis, with higher dollar recovery due to increased yields [43][44] - **Question on technology cost reductions**: Tech costs decreased by 10% YoY, with further reductions expected as part of the $200 million annual cost savings target by 2024 [106] - **Question on 2025 EBITDA target**: The $900 million target includes $300 million from cost reductions, $150 million from strategic growth initiatives, and $450 million from volume growth [84][108]