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Sabre(SABR) - 2023 Q3 - Quarterly Report
2023-11-02 12:12
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, 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) (State or other jurisdiction of incorporation or organization) Delaware 001-36422 20-8647322 (Commission File Number) (I.R. ...
Sabre(SABR) - 2023 Q2 - Earnings Call Transcript
2023-08-03 17:01
Sabre Corporation (NASDAQ:SABR) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Brian Roberts - Senior Director, Investor Relations Kurt Ekert - President and Chief Executive Officer Mike Randolfi - Chief Financial Officer Scott Wilson - Executive Vice President and President, Hospitality Solutions Conference Call Participants Josh Baer - Morgan Stanley Victor Cheng - Bank of America Dan Wasiolek - Morningstar Jeff Harlib - Barclays Operator Good morning, and welcome to the S ...
Sabre(SABR) - 2023 Q2 - Quarterly Report
2023-08-03 12:09
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 June 30, 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) (State or other jurisdiction of incorporation or organization) Delaware 001-36422 20-8647322 (Commission File Number) (I.R.S. Em ...
Sabre(SABR) - 2023 Q1 - Earnings Call Transcript
2023-05-04 15:42
Sabre Corporation (NASDAQ:SABR) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Brian Roberts - Director-Investor Relations Kurt Ekert - President & Chief Executive Officer Mike Randolfi - Chief Financial Officer Conference Call Participants Josh Baer - Morgan Stanley Jed Kelly - Oppenheimer Dan Wasiolek - Morningstar Victor Cheng - Bank of America Alex Irving - Bernstein Operator Good morning, ladies and gentlemen. Welcome to the Sabre First Quarter 2023 Earnings Conference Ca ...
Sabre(SABR) - 2023 Q1 - Quarterly Report
2023-05-04 12:44
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, 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) (State or other jurisdiction of incorporation or organization) Indicate by check mark whether the registrant has submitted elec ...
Sabre(SABR) - 2022 Q4 - Annual Report
2023-02-17 21:02
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 ☐ 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. Employer Identification No.) 3150 Sabre Drive Southla ...
Sabre(SABR) - 2022 Q4 - Earnings Call Transcript
2023-02-15 20:12
Financial Data and Key Metrics Changes - The company reported total revenue of $2.5 billion for 2022, marking a recovery and a return to positive adjusted EBITDA [26] - Free cash flow was $22 million in Q4 2022, benefiting from strong working capital inflows [46] - The average booking fee increased to $5.49 in Q4 2022, up from $4.96 in Q4 2021, indicating a favorable mix towards more profitable regions and travel types [54] Business Line Data and Key Metrics Changes - Distribution revenue totaled $417 million in Q4 2022, a 46% increase compared to $286 million in Q4 2021 [44] - IT Solutions revenue was $157 million in Q4 2022, a decline from $165 million in the same quarter last year, impacted by the loss of revenue from the Russian market [54] - Hospitality Solutions revenue improved to $65 million in Q4 2022, up from $54 million in Q4 2021, with central reservation system transactions totaling 27 million, a 16% increase year-over-year [55] Market Data and Key Metrics Changes - The company experienced a 90% recovery in passengers boarded in Q4 2022 compared to the same period in 2019 [9] - Distribution bookings recovery in Q4 was 59% versus the same period in 2019, with a 65% revenue recovery due to higher booking rates achieved [7][30] - Year-to-date air distribution bookings improved to 62% compared to the same period in 2019 as of early February 2023 [33] Company Strategy and Development Direction - The company is focused on a technology transformation, migrating to Google Cloud, which is expected to enhance scalability and reduce costs [3][35] - Partnerships with travel management leaders like BCD and AMEX GBT are expected to drive meaningful volume growth [27] - The company aims to achieve positive free cash flow in 2023 while managing costs effectively to support long-term strategic opportunities [23][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the travel recovery based on historical booking trends and improvements in corporate travel [5] - The company anticipates a $100 million headwind in IT Solutions revenue due to changes in Russian law affecting their operations [45] - Management remains confident in the long-term recovery of the travel industry, despite short-term fluctuations [60] Other Important Information - The company processed over one billion total transactions in 2022, highlighting its central role in the global travel recovery [41] - The company expects revenue for 2023 to be between $2.8 billion and $3 billion, with adjusted EBITDA between $300 million and $320 million [58] - Capital expenditures for 2023 are projected to be between $50 million and $60 million [70] Q&A Session Summary Question: What impacted the recovery in November and December? - Management indicated that the interruption was primarily in corporate travel and Asia Pacific travel due to various factors [78] Question: Can you provide more context on IT Solutions revenue? - Management clarified that the decline was largely due to the loss of revenue from the Russian market and the sale of the Air Center business [85][87] Question: What are the expectations for bookings recovery? - Management stated that the guidance assumes a steady incremental recovery from the current levels, with a focus on addressing airline capacity constraints [93] Question: How should we think about the revenue per booking trend going forward? - Management believes there is room for inflation-related uplift and positive mix opportunities as the Asia Pacific region reopens [100]
Sabre(SABR) - 2022 Q3 - Earnings Call Presentation
2022-11-02 15:08
confidential | ©2022 Sabre GLBL Inc. All rights reserved. 1 Q3 2022 Earnings Report 2 Nov 2022 ........ Forward-looking statements Forward-looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "expect," "believe," "lik ...
Sabre(SABR) - 2022 Q2 - Quarterly Report
2022-08-02 20:04
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 June 30, 2022 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) Identification No.) 3150 Sabre Drive Southlake, TX 76092 (Address, including zip code, of principal executive offices) (682)-605 ...
Sabre(SABR) - 2022 Q2 - Earnings Call Transcript
2022-08-02 17:35
Sabre Corporation (NASDAQ:SABR) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET Company Participants Sean Menke - Chair of the Board and Chief Executive Officer Kurt Ekert - President Doug Barnett - CFO Kevin Crissey - VP, IR Conference Call Participants Mark Moerdler - Bernstein Research Josh Baer - Morgan Stanley Jed Kelly - Oppenheimer Victor Cheng - Bank of America Operator Good morning and welcome to the Sabre Second Quarter 2022 Earnings Conference Call. My name is Amanda and I will be your ...