PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Net loss for Q2 2025 significantly increased to $256.4 million due to discontinued operations and debt extinguishment losses, with total assets decreasing and stockholders' deficit widening [Consolidated Statements of Operations](index=3&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2025 revenue slightly decreased to $687.1 million, but operating income improved, though a significant loss on debt extinguishment led to a $256.4 million net loss Consolidated Statements of Operations Highlights (Three Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | **Revenue** | $687,149 | $695,050 | | **Operating income** | $89,134 | $48,722 | | **Loss from continuing operations** | ($201,018) | ($69,731) | | **(Loss) income from discontinued operations** | ($55,514) | $246 | | **Net loss** | ($256,532) | ($69,485) | | **Net loss per common share** | ($0.65) | ($0.18) | Consolidated Statements of Operations Highlights (Six Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | **Revenue** | $1,389,275 | $1,408,683 | | **Operating income** | $180,529 | $137,917 | | **Loss from continuing operations** | ($204,395) | ($136,821) | | **Loss from discontinued operations** | ($16,588) | ($3,769) | | **Net loss** | ($220,983) | ($140,590) | | **Net loss per common share** | ($0.57) | ($0.37) | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to $4.42 billion by June 30, 2025, primarily due to reduced cash, while total stockholders' deficit widened to $1.80 billion Consolidated Balance Sheet Highlights | Metric | June 30, 2025 (in thousands) | Dec 31, 2024 (in thousands) | | :--- | :--- | :--- | | **Cash and cash equivalents** | $426,118 | $724,479 | | **Total current assets** | $952,558 | $1,163,218 | | **Total assets** | $4,419,145 | $4,634,929 | | **Long-term debt** | $4,997,092 | $4,834,776 | | **Total liabilities** | $6,223,459 | $6,226,700 | | **Total stockholders' deficit** | ($1,804,310) | ($1,604,699) | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash used in operating activities significantly increased to $281.8 million in H1 2025, primarily due to interest payments, leading to a $298.4 million decrease in total cash Cash Flow Summary (Six Months Ended June 30) | Metric | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | **Cash used in operating activities** | ($281,841) | ($29,856) | | **Cash used in investing activities** | ($30,083) | ($45,850) | | **Cash provided by financing activities** | $34,500 | $54,124 | | **Decrease in cash, cash equivalents and restricted cash** | ($298,375) | ($35,592) | - A key driver for the increased cash used in operations was a **$199.9 million payment of previously paid-in-kind interest** in H1 2025, which did not occur in H1 2024[16](index=16&type=chunk) [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail the Hospitality Solutions sale, now a single segment, with H1 2025 revenue of $1.11 billion from Distribution and $274.4 million from IT Solutions, and $5.04 billion total debt after refinancing - The company sold its Hospitality Solutions business, which is now presented as discontinued operations. As a result, Sabre now manages and reports its business in a single reportable segment[22](index=22&type=chunk)[23](index=23&type=chunk) Disaggregated Revenues (Six Months Ended June 30) | Category | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | Distribution | $1,114,881 | $1,122,852 | | IT Solutions | $274,394 | $285,831 | | **Total Sabre Revenue** | **$1,389,275** | **$1,408,683** | - On July 3, 2025, the company closed the sale of its Hospitality Solutions business for estimated net cash proceeds of **$960 million to $980 million**. A gain on the sale is expected to be recognized in Q3 2025[36](index=36&type=chunk) - Total outstanding debt was **$5.04 billion** as of June 30, 2025. In June 2025, the company issued **$1.325 billion in new notes** and repaid **$1.225 billion of existing debt**, resulting in an **$85 million loss on extinguishment of debt**[53](index=53&type=chunk)[64](index=64&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the Hospitality Solutions sale, Q2 2025 revenue decrease, improved operating income due to cost cuts, and projected full-year 2025 pro forma free cash flow of $100-$140 million [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q2 2025 revenue decreased 1% to $687.1 million, but operating income significantly increased to $89.1 million due to cost reductions, despite a large debt extinguishment loss - **Q2 2025 vs Q2 2024:** - Revenue decreased by **$8 million (1%)** due to lower transaction volumes and IT solutions de-migrations[147](index=147&type=chunk) - Technology costs fell by **$27 million (13%)** due to cost reduction plans and cloud migration savings[149](index=149&type=chunk) - SG&A expenses decreased by **$25 million (16%)** from lower tax litigation reserves and cost savings[151](index=151&type=chunk) - Operating income increased by **$40.4 million (83%)**[152](index=152&type=chunk) - **H1 2025 vs H1 2024:** - Revenue decreased by **$19 million (1%)**[158](index=158&type=chunk) - Technology costs fell by **$53 million (13%)**[159](index=159&type=chunk) - SG&A expenses decreased by **$25 million (9%)**[161](index=161&type=chunk) - Operating income increased by **$42.6 million (31%)**[161](index=161&type=chunk) [Non-GAAP Financial Measures](index=27&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA increased to $118.3 million in Q2 2025, while H1 2025 Free Cash Flow showed a $321.0 million usage, primarily due to debt refinancing interest payments Non-GAAP Reconciliation Highlights (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Adjusted Net Loss from continuing operations** | ($7,821) | ($22,224) | ($5,037) | ($27,484) | | **Adjusted EBITDA** | $118,255 | $110,335 | $249,075 | $236,619 | | **Free Cash Flow** | N/A | N/A | ($320,991) | ($75,406) | [Liquidity and Capital Resources](index=36&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and equivalents were $426.1 million, with liquidity deemed sufficient due to the Hospitality Solutions sale proceeds used for debt repayment, and projected full-year 2025 pro forma free cash flow of $100-$140 million - Cash and cash equivalents were **$426.1 million** at June 30, 2025, down from **$724.5 million** at December 31, 2024[166](index=166&type=chunk) - The company projects full-year 2025 pro forma free cash flow to range from **$100 million to $140 million**, adjusted for the Hospitality Solutions sale and a **$227 million payment-in-kind interest payment**[170](index=170&type=chunk) - Following the Hospitality Solutions sale on July 3, 2025, the company used net proceeds to repay a total of **$798 million** across its 2021, 2022, and 2024 Term Loans, and **$23 million** of its Securitization Facility[117](index=117&type=chunk)[177](index=177&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risks include interest rates, foreign exchange, credit, and inflation, managed with derivatives, with no material changes since December 31, 2024 - Primary market risks include interest rates, foreign exchange rates, credit risk, and inflation[197](index=197&type=chunk) - The company uses derivative instruments to mitigate interest rate risk on its floating-rate borrowings[197](index=197&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[198](index=198&type=chunk) - No material changes to internal control over financial reporting occurred during the most recent fiscal quarter[199](index=199&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=41&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal proceedings, with material cases detailed in Note 13 of the consolidated financial statements - The company is involved in various routine legal proceedings. For details on material cases, refer to Note 13, which discusses ongoing income and service tax litigation in India[201](index=201&type=chunk)[109](index=109&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) Key risks include dependence on travel volumes, intense competition, significant indebtedness of $5.0 billion, IT system vulnerabilities, and potential costs from a Q3 2023 cybersecurity incident - The business is highly dependent on global travel transaction volumes and susceptible to disruptions from economic downturns, health crises, and political events[203](index=203&type=chunk)[204](index=204&type=chunk) - The company faces significant competition, requiring substantial and ongoing investment in technology and innovation, such as New Distribution Capability and AI, to remain competitive[206](index=206&type=chunk)[208](index=208&type=chunk) - A significant level of indebtedness (**$5.0 billion** as of June 30, 2025) poses risks, including increased vulnerability to economic conditions and the need to divert cash flow to service debt[264](index=264&type=chunk) - The company is exposed to security incidents and cyberattacks. A Q3 2023 incident where an unauthorized actor extracted company data has led to a class-action lawsuit and could result in significant future costs[248](index=248&type=chunk)[250](index=250&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=55&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The $500 million share repurchase program remains suspended, with no repurchases in H1 2025 and $287 million still authorized - The company's share repurchase program remains suspended[284](index=284&type=chunk) - No shares were repurchased in the six months ended June 30, 2025. Approximately **$287 million** remains authorized under the program[284](index=284&type=chunk) [Other Information](index=56&type=section&id=Item%205.%20Other%20Information) No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during Q2 2025 - No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during the second quarter of 2025[285](index=285&type=chunk) [Exhibits](index=56&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the 10-Q, including agreements, CEO/CFO certifications, and XBRL data files - Exhibits filed include forms of executive compensation agreements, debt indentures, and certifications required by the Sarbanes-Oxley Act[286](index=286&type=chunk)

Core Insights - Sabre Corporation announced its financial results for the second quarter of 2025, which are available on its Investor Relations webpage and the SEC's website [1] - A live webcast for the first quarter 2025 earnings conference call is scheduled, where management will discuss financial results and future outlook [2] - Sabre is a leading technology company in the travel industry, providing solutions for airlines, hoteliers, and agencies globally [3] Company Overview - Sabre Corporation is headquartered in Southlake, Texas, and operates in over 160 countries, focusing on technology solutions for the travel sector [3] - The company aims to address complex challenges in travel by leveraging speed, scale, and insights [3] Investor Communication - Important investor information is routinely posted on Sabre's Investor Relations section, LinkedIn, and X account, ensuring compliance with disclosure obligations [4]

Sabre Q2 2025 Earnings Release [Performance Overview](index=1&type=section&id=Performance%20Overview) Sabre's second quarter of 2025 was marked by significant strategic actions, including the $1.1 billion sale of its Hospitality Solutions business to reduce leverage, while achieving a strong 6 percentage point year-over-year improvement in operating margin despite weaker air distribution bookings Key Highlights Q2 2025 Financial Highlights | Metric | Value | Change (YoY) | | :--- | :--- | :--- | | Revenue | $687 million | -1% | | Operating Income | $89 million | +$40 million | | Operating Margin | 13% | +6 p.p. | | Net Loss Attributable to Common Stockholders | $256 million | Increased from $70M loss | | Adjusted EBITDA | $118 million | +7% | | Normalized Adjusted EBITDA | $127 million | +6% | - Closed the sale of its Hospitality Solutions business for **$1.1 billion** in July 2025[2](index=2&type=chunk) - Repaid over **$1 billion** of debt, including **~$825 million** from the Hospitality Solutions sale proceeds, and refinanced **$1.325 billion** of debt to extend maturities to 2030[2](index=2&type=chunk) - Signed new agency agreements, including with Christopherson Business Travel, demonstrating continued commercial momentum in air distribution[2](index=2&type=chunk) Management Commentary - CEO Kurt Ekert acknowledged that Q2 results were impacted by weaker-than-anticipated air distribution bookings, which offset gains from growth strategies, leading to an updated full-year outlook[3](index=3&type=chunk) - Management stated the current volume pressure is considered **"transitory"** and reaffirmed its focus on two strategic priorities: reducing leverage and driving sustainable growth through innovation[3](index=3&type=chunk)[4](index=4&type=chunk) [Financial Results](index=2&type=section&id=Financial%20Results) Sabre's Q2 2025 revenue decreased 1% to $687 million, but operating income surged 83% to $89 million due to cost reductions, though net loss widened to $256 million primarily from debt extinguishment and higher taxes, resulting in negative $240 million Free Cash Flow Consolidated Financial Performance Q2 2025 vs Q2 2024 Financial Performance (in thousands, except EPS) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $687,149 | $695,050 | (1)% | | Operating Income | $89,134 | $48,722 | 83% | | Net loss attributable to common stockholders | $(256,364) | $(69,760) | (267)% | | Diluted net loss per share (EPS) | $(0.51) | $(0.18) | (183)% | | Adjusted EBITDA | $118,255 | $110,335 | 7% | - The increase in net loss was primarily driven by an **$85 million** loss on the extinguishment of debt from refinancing activities and an **$85 million** increase in the provision for income taxes from continuing operations[8](index=8&type=chunk) - The improvement in operating income was driven by lower labor costs from prior cost reduction plans, reduced technology expenses from cloud migrations, and a decrease in tax litigation reserves[6](index=6&type=chunk) Segment Performance Q2 2025 Segment Revenue | Segment | Q2 2025 Revenue | Change (YoY) | Reason for Change | | :--- | :--- | :--- | :--- | | Distribution | $546 million | -1% | Decrease in air distribution bookings, partly offset by higher hotel bookings | | IT Solutions | $141 million | -2% | Impact of previously disclosed de-migrated carriers, partly offset by higher license fees | - Total bookings, net of cancellations, were **90 million**, a **1% decrease** from Q2 2024[7](index=7&type=chunk) Cash Flow Analysis - Free Cash Flow was negative **$240 million** in Q2 2025, a significant decrease from positive **$7 million** in Q2 2024[10](index=10&type=chunk) - The negative Free Cash Flow includes a **$227 million** payment-in-kind interest payment recorded to cash flow from operations due to refinancing activity, with pro forma Free Cash Flow, excluding this, being negative **$2 million**[10](index=10&type=chunk) Q2 2025 Cash Flow Summary (vs Q2 2024, in millions) | Cash Flow Item | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Cash used in operating activities | $(218) | $26 (provided by) | | Cash used in investing activities | $(23) | $(19) | | Cash provided by financing activities | $21 | $(24) (used in) | [Business and Financial Pro Forma Financial Outlook](index=5&type=section&id=Business%20and%20Financial%20Pro%20Forma%20Financial%20Outlook) Sabre provides a pro forma financial outlook for Q3 and full-year 2025, adjusting for the Hospitality Solutions sale, with guidance across three air distribution volume scenarios projecting full-year Pro Forma Adjusted EBITDA between $530 million and $570 million and Pro Forma Free Cash Flow between $100 million and $140 million Pro Forma Basis Explanation - The outlook is provided on a pro forma basis to give effect to the sale of the Hospitality Solutions business, which is now classified as a discontinued operation[13](index=13&type=chunk) - Pro forma adjustments remove costs previously allocated to Hospitality Solutions and exclude the impact of a **$227 million** payment-in-kind interest payment from pro forma Free Cash Flow to enhance comparability of the company's go-forward operations[13](index=13&type=chunk)[15](index=15&type=chunk) Q3 and Full-Year 2025 Scenarios Q3 2025 Pro Forma Financial Outlook Scenarios | Air Distribution Volume (YoY Growth) | 2% | 4% | 6% | | :--- | :--- | :--- | :--- | | Revenue Growth | Low single digit | Low single digit | Mid single digit | | Pro Forma Adjusted EBITDA (in millions) | ~$140 (+15% YoY) | ~$145 (+19% YoY) | ~$150 (+23% YoY) | | Pro Forma Free Cash Flow (in millions) | ~$40 | ~$45 | ~$50 | Full Year 2025 Pro Forma Financial Outlook Scenarios | Air Distribution Volume (YoY Growth) | 0.5% | 2% | 3.5% | | :--- | :--- | :--- | :--- | | Revenue Growth | Flat | Low single digit | Low single digit | | Pro Forma Adjusted EBITDA (in millions) | ~$530 (+9% YoY) | ~$550 (+13% YoY) | ~$570 (+18% YoY) | | Pro Forma Free Cash Flow (in millions) | ~$100 | ~$120 | ~$140 | - The company expects its end-of-year 2025 cash balance to be greater than **$750 million**[17](index=17&type=chunk) [Consolidated Financial Statements (Unaudited)](index=12&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) This section presents Sabre Corporation's unaudited consolidated financial statements, including the Statement of Operations showing a $256.5 million net loss for Q2 2025, a Balance Sheet with $4.42 billion in total assets, and a Statement of Cash Flows detailing a $298.4 million net decrease in cash for the first six months of 2025 Consolidated Statements of Operations Statement of Operations Highlights - Three Months Ended June 30 (in thousands) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | $687,149 | $695,050 | | Operating income | $89,134 | $48,722 | | Loss from continuing operations | $(201,018) | $(69,731) | | Loss from discontinued operations, net of tax | $(55,514) | $246 (income) | | Net loss | $(256,532) | $(69,485) | Consolidated Balance Sheets Balance Sheet Highlights (in thousands) | Line Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $426,118 | $724,479 | | Total current assets | $952,558 | $1,163,218 | | Total assets | $4,419,145 | $4,634,929 | | Long-term debt | $4,997,092 | $4,834,776 | | Total liabilities | $6,111,560 (calculated) | $6,226,598 (calculated) | | Total stockholders' deficit | $(1,804,310) | $(1,604,699) | Consolidated Statements of Cash Flows Cash Flow Highlights - Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Cash used in operating activities | $(281,841) | $(29,856) | | Cash used in investing activities | $(30,083) | $(45,850) | | Cash provided by financing activities | $34,500 | $54,124 | | Decrease in cash, cash equivalents and restricted cash | $(298,375) | $(35,592) | [Non-GAAP Financial Measures & Reconciliations](index=15&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) This section defines and reconciles non-GAAP financial measures like Adjusted EBITDA, Adjusted Net Loss, and Free Cash Flow, which management uses to monitor core operations by excluding specific items, with Q2 2025 Adjusted EBITDA reconciled to $118.3 million Definitions of Non-GAAP Measures - Adjusted EBITDA is defined as loss from continuing operations adjusted for items including D&A, interest expense, stock-based compensation, and restructuring costs[42](index=42&type=chunk) - Normalized Adjusted EBITDA is Adjusted EBITDA further adjusted for estimated costs historically allocated to the sold Hospitality Solutions business[43](index=43&type=chunk) - Free Cash Flow is defined as cash used in operating activities less cash used for additions to property and equipment[45](index=45&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA Reconciliation to Adjusted EBITDA - Q2 2025 (in thousands) | Line Item | Q2 2025 | | :--- | :--- | | Loss from continuing operations | $(201,018) | | Adjustments: | | | Depreciation and amortization | $25,482 | | Interest expense, net | $111,244 | | Loss on extinguishment of debt | $85,182 | | Stock-based compensation | $11,290 | | Provision for income taxes | $91,262 | | Other adjustments | $(5,187) | | **Adjusted EBITDA** | **$118,255** | Reconciliation of Free Cash Flow Free Cash Flow Reconciliation - Q2 2025 (in thousands) | Line Item | Q2 2025 | | :--- | :--- | | Cash used in operating activities | $(217,881) | | Additions to property and equipment | $(22,279) | | **Free Cash Flow** | **$(240,160)** |

Core Insights - SabreMosaic™ Travel Marketplace aims to address the challenges faced by travel agencies due to fragmented content systems, which are increasing operational costs and complicating customer experience [1][2] - A global study commissioned by Sabre indicates that over 91% of travel agencies operate with four or more booking systems, with more than half managing seven or more, impacting productivity and profitability [1][3] - The introduction of SabreMosaic is a response to the demand for simplicity and unified access to travel content, leveraging AI to enhance productivity and customer experience [2][3] Industry Challenges - Travel agencies are experiencing significant fragmentation in their content systems, leading to increased complexity and operational challenges [3][5] - 75% of agencies report that the number of content connections has grown over the past three years, and nearly 90% manage four or more API integrations, indicating a tech burden [6] SabreMosaic™ Travel Marketplace Features - The platform provides access to the industry's broadest content portfolio, including 38 NDC airlines, over 150 low-cost carriers, more than 2 million lodging options, and 70+ car and rail providers, all through a single connection [7] - AI capabilities are integrated to surface relevant content faster, automate key booking workflows, and improve conversion rates across various travel services [7] - The cloud-native architecture of SabreMosaic ensures enterprise-grade reliability, modular integration, and auto-scaling to support high-volume transactions [7] Company Overview - Sabre Corporation is a leading technology company focused on solving complex challenges in the travel industry, serving customers in over 160 countries [8]

Group 1 - Sabre Corporation will host a live webcast for its Q2 2025 earnings conference call on August 7, 2025, at 9:00 a.m. ET [1] - The management will discuss financial results and provide insights on the forward outlook during the webcast, which is expected to last approximately one hour [1] - A replay of the event will be available on Sabre's website for at least 90 days following the event [1] Group 2 - Sabre Corporation is a leading technology company focused on the travel industry, providing solutions for airlines, hoteliers, and travel agencies [2] - The company is headquartered in Southlake, Texas, and serves customers in over 160 countries globally [2] - Sabre aims to empower its partners by leveraging speed, scale, and insights to build advanced technology for travel [2] Group 3 - Important investor information is routinely posted on Sabre's Investor Relations section of its website, LinkedIn account, and X account [3] - The company intends to use these platforms for disclosing material, non-public information and complying with disclosure obligations under Regulation FD [3] - Investors are encouraged to monitor these channels along with press releases, SEC filings, and public conference calls for updates [3]

Core Insights - Sabre Corporation has entered into a multi-year agreement with Christopherson Business Travel, establishing Sabre as Christopherson's primary technology partner, aimed at modernizing travel retailing through AI-powered solutions [1][4] - Christopherson Business Travel, ranked 30th on Travel Weekly's 2025 Power List, focuses on smart growth and operational discipline, enhancing client service and technology [2][8] - The partnership will leverage Sabre's content aggregation and automation capabilities to improve Christopherson's travel management platform, Andavo, enhancing operational efficiency and traveler engagement [3][5] Company Overview - Sabre Corporation is a leading technology provider in the travel industry, serving customers in over 160 countries and focusing on building advanced technology solutions for airlines, hoteliers, and travel agencies [6][7] - Christopherson Business Travel, established in 1953, is a certified woman-owned company that specializes in corporate travel management, serving more than 1,000 organizations with tailored travel programs [8] Technology and Solutions - Christopherson will utilize a suite of Sabre solutions, including Sabre Red 360 for customizable shopping, Sabre APIs for secure content retrieval, and automated services for post-booking management [3][5] - The partnership emphasizes the need for a platform that can integrate multi-source content and automate workflows, enhancing operational control and adaptability to client needs [4][5] - Sabre's cloud-native infrastructure and AI-driven capabilities are designed to simplify operations and enhance service delivery for Christopherson [4][5]

Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional strategy of "buying low and selling high," focusing instead on "buying high and selling higher" to achieve quicker profits [1] - Fast-moving trending stocks can be challenging to enter at the right time, as they may lose momentum if future growth does not justify their inflated valuations [2] Group 2: Investment Strategy - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] - Sabre (SABR) is highlighted as a strong candidate, having experienced a 10% price increase over the past four weeks, indicating growing investor interest [4] Group 3: Sabre (SABR) Performance - SABR has shown significant momentum, with a 57.6% price increase over the past 12 weeks and a beta of 1.43, suggesting it moves 43% more than the market [5] - The stock has a Momentum Score of B, indicating a favorable entry point for investors looking to capitalize on its momentum [6] Group 4: Earnings Estimates and Valuation - SABR's upward trend in earnings estimate revisions has earned it a Zacks Rank 2 (Buy), which is associated with strong momentum effects as analysts raise earnings estimates [7] - The stock is currently trading at a Price-to-Sales ratio of 0.41, suggesting it is undervalued, as investors pay only 41 cents for each dollar of sales [7] Group 5: Additional Opportunities - Besides SABR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Vast majority of $960 million net proceeds to be used to pay down debt SOUTHLAKE, Texas, July 7, 2025 /PRNewswire/ -- Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced the completion of the previously announced sale of its Hospitality Solutions business to TPG for $1.1 billion, $960 million net of taxes and fees. "The completion of the sale of Sabre Hospitality Solutions to TPG is an important step in Sabre's ongoing transformation. We are pleased with this transaction, and the opp ...

Core Viewpoint - Sabre Corporation announced early tender results for cash tender offers by its subsidiary Sabre GLBL Inc., with an aggregate purchase price exceeding $336.375 million, leading to the acceptance of certain securities and the expiration of withdrawal rights [1][3][6]. Tender Offer Details - The tender offers will expire on June 17, 2025, and were initiated under the terms set forth in the Offer to Purchase dated May 20, 2025 [2][6]. - As of the Early Tender Deadline on June 3, 2025, a significant amount of securities was validly tendered, with withdrawal rights expiring at that time [3][6]. - The aggregate principal amount of securities tendered includes 8.625% Senior Secured Notes due 2027, which exceeded the maximum tender amount, resulting in a pro-rata acceptance for these notes [7][8]. Securities Information - The tendered securities include: - 8.625% Senior Secured Notes due 2027 with an amount tendered of $563.327 million and an acceptance percentage of 85.77% [4]. - 7.375% Senior Secured Notes due 2025 with an amount tendered of $22.559 million and an acceptance percentage of 96.43% [4]. - 11.250% Senior Secured Notes due 2027 with an amount tendered of $31.986 million and an acceptance percentage of 69.82% [4]. - The total consideration for the accepted 8.625% Notes includes an early tender premium of $50 per $1,000 principal amount [8]. Payment and Conditions - Payment for the accepted securities is expected to occur on June 4, 2025, subject to the satisfaction or waiver of conditions outlined in the Offer to Purchase [6][10]. - Sabre GLBL reserves the right to terminate or amend the tender offers, including extending deadlines or adjusting the maximum aggregate purchase price [9][10].

Core Viewpoint - Sabre Corporation announced the commencement of tender offers to purchase up to $336.375 million of its securities through its subsidiary Sabre GLBL Inc, with specific terms and conditions outlined in the Offer to Purchase [1][3][4]. Tender Offer Details - The tender offers will expire on June 17, 2025, with an early tender deadline of June 3, 2025, for holders to receive total consideration including an early tender premium [3][4]. - The total consideration for each $1,000 principal amount of securities validly tendered before the early tender deadline includes a premium of $50.00, with specific amounts for different series of securities detailed in the announcement [1][4]. - Securities tendered after the early tender deadline will receive a lower tender offer consideration, which is the total consideration minus the early tender premium [4][15]. Securities Information - The tender offers include various senior secured notes with different principal amounts and interest rates, such as 8.625% notes due 2027 and 7.375% notes due 2025, with total amounts outstanding of $656.783 million and $23.393 million respectively [1][4]. - The aggregate maximum tender amount is subject to increase or decrease at the discretion of Sabre GLBL, and the purchase of one series of securities is not conditioned on the purchase of any other series [1][6]. Financing Transaction - Sabre GLBL announced a financing transaction involving the offering of $1.325 billion aggregate principal amount of 11.125% senior secured notes due 2030, which is expected to provide sufficient net cash proceeds to fund the aggregate purchase price for the tender offers [7][8]. - Completion of the financing transaction is subject to customary closing conditions, and there are no assurances that it will be completed [7]. Additional Information - The announcement does not contain the full terms and conditions of the tender offers, which are detailed in the Offer to Purchase [8]. - Sabre GLBL may also purchase additional securities in the open market or through other means following the completion of the tender offers [9].