Financial Data and Key Metrics Changes - Revenue for Q1 2025 was approximately $777 million, roughly flat year on year, while adjusted EBITDA increased by 5% to $150 million, aligning with guidance [23][12][26] - Adjusted EBITDA margin improved by 110 basis points year on year to 19.3%, driven by lower technology costs and effective cost management [12][23] - Free cash flow remains on track for the full year, with expectations of greater than $200 million [49][33] Business Line Data and Key Metrics Changes - Air distribution bookings decreased by 3% year on year, primarily due to lower group bookings in the APAC region and a decline in U.S. government and military travel [13][6] - Hotel B2B distribution business saw strong bookings growth of 7% year on year, with gross booking value transacted through the platform increasing by 11% in Q1 [14][18] - IT Solutions revenue decreased by $8 million year on year, expected to resume growth in the second half of 2025 [27][12] Market Data and Key Metrics Changes - The GDS industry growth assumption was adjusted from flat to a decline of 1% to 2% for the full year 2025, reflecting recent airline traffic softness [6][40] - The company anticipates low single-digit growth in air distribution bookings for Q2, with expectations of double-digit growth for the full year [21][31] Company Strategy and Development Direction - The company is focused on generating free cash flow, deleveraging the balance sheet, and investing in innovation for sustainable long-term growth [11][34] - The sale of the Hospitality Solutions business, valued at $1.1 billion, is aimed at strengthening the balance sheet and focusing on core airline IT and travel marketplace platforms [10][9] - Strategic priorities include multi-source content aggregation, distribution expansion, and growth in the digital payments business [16][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macro environment but expressed confidence in achieving double-digit distribution bookings growth despite market softness [5][40] - The company expects to see stronger APAC group booking trends in Q2 and anticipates significant growth in air distribution bookings in the second half of 2025 [31][21] - Management reiterated that the revenue model is based on transaction volume rather than pricing, which may mitigate the impact of market pressures [40][39] Other Important Information - The company plans to use approximately $960 million in net proceeds from the sale of Hospitality Solutions primarily to pay down debt, reducing leverage significantly [10][29] - The company expects to generate pro forma adjusted EBITDA of greater than $630 million for 2025, excluding the impact of the Hospitality Solutions business [32][30] Q&A Session Summary Question: Can you expound more on the macro environment and its impact? - Management noted a shift in GDS market growth expectations from flat to down 1% to 2%, indicating that while there is price pressure, the need for travel remains strong [39][40] Question: What does the sale of Hospitality Solutions allow for in terms of refinancing? - The sale is seen as a significant credit-enhancing event, improving net debt to EBITDA and reducing interest expenses, which will facilitate more efficient future financings [41][42] Question: How quickly can cash proceeds from the sale be used to pay down debt? - The company plans to pay down debt shortly after receiving proceeds, within five days, and expects free cash flow to be greater than $200 million this year [49][48] Question: Can you provide insights on the softness in Q1 and its implications for Q2? - The softness was broad, affecting both corporate and leisure travel, with improvements expected in Q2 based on recent trends [58][59] Question: How is the implementation of new business going? - Management expressed confidence in the execution of new business, with no significant risks anticipated [75][76] Question: What are the gross margins for new agency business compared to existing volumes? - New business is expected to have slightly lower margins due to geographical mix and increased NDC volumes, but overall margins are expected to remain in line with previous years [88][90] Question: Can you provide updates on the Coforge partnership? - The partnership aims to accelerate product delivery and innovative solutions, with a mix of fixed fee and gainshare components [91][90]

Financial Performance & Outlook - Q1 2025 revenue was $777 million, a decrease of 0.8% year-over-year[24, 43] - Q1 2025 Adjusted EBITDA was $150 million, a 5% increase year-over-year, with an Adjusted EBITDA margin of 19.3%, up 1.1 percentage points year-over-year[24, 44] - The company maintains its full-year Free Cash Flow objective[44] - Pro forma Adjusted EBITDA is expected to be ~$140 million in Q2 2025 and >$630 million for FY 2025[64] - The company expects high single-digit revenue growth YoY for FY25 on a pro forma basis[61] Hospitality Solutions Sale - The company entered into an agreement to sell Hospitality Solutions to TPG for ~$1.1 billion[19] - Net cash proceeds from the sale are expected to be ~$960 million, primarily used to reduce debt[19, 54] - The Hospitality Solutions business generated $327 million in revenue and $38 million in Adjusted EBITDA in 2024[19] - The sale is expected to close by the end of Q3 2025[19] Strategic Focus & Growth - Travel Solutions Distribution revenue was $702 million, a decrease of 2% year-over-year[27] - Total distribution bookings decreased by 2% year-over-year, while air distribution bookings decreased by 3% year-over-year[27] - Hotel distribution bookings increased by 7% year-over-year[27] - The company anticipates double-digit growth rate in 2025 air distribution bookings[35, 39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 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, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Sabre Corporation Delaware 001-36422 20-8647322 (Commission File Number) (I.R.S. E ...

SOUTHLAKE, Texas, May 7, 2025 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) today announced financial results for the quarter ended March 31, 2025. Sabre has posted its first quarter 2025 earnings release and earnings presentation to its Investor Relations webpage at investors.sabre.com/financial-information/quarterly results. The earnings release is also available on the Securities and Exchange Commission's website at www.sec.gov.As previously announced, Sabre will host a live webcast of its f ...

Sabre reports solid first quarter 2025 results Reaffirms FY 2025 double digit distribution bookings growth, high single digit revenue growth, and pro forma Free Cash Flow expectations Agreement to sell Hospitality Solutions for $1.1 billion Business Highlights: First Quarter 2025 Financial Results: SOUTHLAKE, Texas – May 7, 2025 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended March 31, 2025. 1 • Financial performance in line with Q1 guida ...

Core Insights - Sabre Corporation has integrated Air France and KLM's New Distribution Capability (NDC) content into its travel marketplace, enhancing travel agencies' access to exclusive fares and richer travel options [1][2][3] Group 1: NDC Integration - The integration of NDC content allows airlines to create personalized offers beyond traditional fare structures, providing richer content and competitive pricing in the indirect channel [2][4] - Travel agencies connected to Sabre can access this content seamlessly through various tools, including Sabre's Offer and Order APIs and Sabre Red 360 [2][3] Group 2: Benefits for Travel Agencies - Travel agencies benefit from improved fares, continuous pricing, exclusive promotions, and innovative offers, enhancing their ability to provide superior choices to travelers [3][4] - The multi-source content approach simplifies the comparison and booking process across different airline retail models, allowing agencies to manage a broader range of offers efficiently [3][4] Group 3: Sabre's Vision and Investment - Sabre's ongoing investment in expanding NDC capabilities aims to support the entire travel ecosystem, ensuring agencies can shop, compare, and book offers in a single workflow [4] - The collaboration with Air France and KLM reinforces Sabre's vision of a marketplace where airlines can distribute personalized offers at scale while agencies deliver value to travelers [4]

SOUTHLAKE, Texas and MEXICO CITY, May 5, 2025 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today announced a new agreement with Aeromexico, the Mexico based global airline, to further enhance its retailing capabilities through SabreMosaic™. As part of this partnership, Aeromexico will deploy SabreMosaic Air Price IQTM and SabreMosaic Ancillary IQTM solutions to enhance personalization and maximize revenue. During a successful 14-year partnership, Aeromexico h ...

SOUTHLAKE, Texas, April 30, 2025 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today announced a multi-year partnership with Gray Dawes Group, one of the industry's largest independent travel management companies (TMCs). Under this partnership, Gray Dawes has selected Sabre as its sole global distribution platform partner.Gray Dawes will partner with Sabre to accelerate its next phase of growth, prioritizing investments in innovation to better serve clients wo ...

Sabre's multi-source content platform now includes Iberia's NDC offers, providing agencies with enriched content and travelers with personalized options SOUTHLAKE, Texas, and MADRID, April 29, 2025 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading global travel technology company, today activated Iberia's New Distribution Capability (NDC) content in its global distribution system (GDS). Sabre and Iberia reinforce their shared commitment to boost travel retailing through NDC, providing Sabre-connec ...

Group 1: Didi's Safety Measures - Didi has implemented safety reminders for the upcoming "May Day" holiday travel peak, focusing on risk assessment, emergency drills, and driver training [1] - The company is enhancing safety protocols and increasing technical and human resources to ensure efficient responses to emergencies [1] - Didi is utilizing big data and smart technology to monitor orders in real-time and provide risk alerts during the holiday [1] Group 2: Adidas Financial Performance - Adidas reported a first-quarter net profit of €428 million, exceeding market expectations of €376.4 million [2] - The company's gross profit for the quarter was €3.21 billion, also above the market forecast of €3.16 billion [2] - Adidas maintains its full-year operating profit forecast between €1.7 billion and €1.8 billion, lower than the market estimate of €2.04 billion [2] Group 3: NXP Semiconductors Earnings - NXP Semiconductors announced first-quarter revenue of $2.84 billion, slightly above market expectations of $2.83 billion [2] - The company experienced a year-over-year revenue decline of 9% [2] - Adjusted EPS for the quarter was $2.64, surpassing the market forecast of $2.60 [2] Group 4: Sabre's Business Sale - Sabre has agreed to sell its Hospitality Solutions business to TPG for $1.1 billion in cash [2] - The transaction will allow Hospitality Solutions to operate as an independent entity while benefiting from TPG's resources for growth [2] - TPG manages assets totaling $246 billion and will conduct the investment through its private equity platform [2] Group 5: Domino's Sales Decline - Domino's Pizza reported a 0.5% year-over-year decline in same-store sales in the U.S., falling short of analyst expectations for a 0.5% increase [3] - The decline is attributed to high inflation and economic uncertainty affecting consumer demand [3] - The company's gross margin for U.S. stores decreased from 17.5% to 16% due to rising food ingredient costs [3] Group 6: Sony's Semiconductor Business Split - Sony is considering a spin-off of its semiconductor division, potentially completing the process within the year [3] - The move aims to streamline operations and refocus on the entertainment sector [3] - Discussions are ongoing, and plans may change due to market volatility influenced by U.S. tariffs [3] Group 7: Investment Activities - "Yinshi Robot" has completed nearly 100 million RMB in B3 round financing, focusing on advanced technology development and global market expansion [4] - Anhui Wanzhi Construction Engineering Co., Ltd. secured 26 million RMB in Pre-A round financing to advance smart construction technology and low-carbon materials [5] - "Zhijing Jinchian" has received angel round financing, specializing in artificial intelligence computing power through blockchain technology [6] Group 8: New Product Launches - Midea Air Conditioning held its first "2025 Midea AI Technology Day," launching several AI-driven air conditioning products [7] - iQOO introduced the new iQOO Z10 Turbo series smartphones, starting at a price of 1,099 RMB, highlighting performance and battery life [8] Group 9: Economic Insights - Hungary's economy minister stated that Hungary will not weaken its economic ties with China, citing a lack of comparable investment potential from the U.S. [9] - The Hong Kong Stock Exchange and Securities and Futures Commission are preparing to assist Chinese companies wishing to return to the Hong Kong market [9] - South Korea's retail sales increased by 9.2% year-over-year in March, driven by strong online demand for food and daily necessities [10]