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]

Financial Performance - Total revenue for Q1 2025 was $776,617 thousand, a decrease of 1% from $782,886 thousand in Q1 2024[150] - Adjusted Net Loss from continuing operations for Q1 2025 was $(682) thousand, an improvement from $(5,739) thousand in Q1 2024[147] - Adjusted EBITDA for Q1 2025 was $149,581 thousand, compared to $142,306 thousand in Q1 2024, reflecting a year-over-year increase of 5%[147] - Operating income for Q1 2025 was $103,398 thousand, up from $98,085 thousand in Q1 2024, indicating a growth of 5%[150] - The company reported a loss from continuing operations of $35,548 thousand in Q1 2025, a significant improvement from a loss of $71,105 thousand in Q1 2024[150] Revenue Breakdown - Revenue from Travel Solutions decreased by $11,507 thousand, or 2%, while Hospitality Solutions revenue increased by $6,390 thousand, or 8%[152] - Cash used in operating activities for Q1 2025 was $(80,603) thousand, compared to $(68,090) thousand in Q1 2024, indicating a decline in cash flow[149] - Free Cash Flow for Q1 2025 was $(98,494) thousand, slightly worse than $(95,766) thousand in Q1 2024[149] Debt and Financing - Approximately 48% of the company's debt is variable, which is subject to fluctuations in interest rates, impacting current and future interest expenses[126] - As of March 31, 2025, the company's outstanding debt totaled $5.1 billion, with approximately 48% being variable debt impacted by interest rate changes[178] - The company entered into a third and fourth amendment to the Amended and Restated Credit Agreement, exchanging $775 million of existing senior secured term loans for new loans maturing on November 15, 2029[183] - On November 25, 2024, the company exchanged approximately $800 million of new senior secured notes due November 2029, with an interest rate of 10.750% per annum[184] - The company is required to pay down term loans by 50% of annual excess cash flow, with no excess cash flow payment required in 2024 or 2025[182] Cash Flow and Liquidity - The company has resources to fund liquidity requirements over the next twelve months, including a principal payment of approximately $217 million due under current debt facilities[126] - Cash and cash equivalents as of March 31, 2025, were $651.1 million, down from $724.5 million as of December 31, 2024[170] - The company expects pro forma free cash flow for the full year 2025 to exceed $200 million, influenced by normal seasonality[175] - Cash used in investing activities was $8.25 million for the three months ended March 31, 2025, compared to $27.68 million in the same period in 2024[192] - Financing activities provided $13 million in cash for the three months ended March 31, 2025, significantly lower than the $78 million provided in the same period in 2024[195] Operational Highlights - Travel Solutions reported a 2.1% decrease in total direct billable bookings, from 98,459 in Q1 2024 to 96,356 in Q1 2025[140] - Direct billable bookings for Air decreased by 3.2%, from 85,170 in Q1 2024 to 82,438 in Q1 2025[140] - IT solutions passengers boarded decreased by 1.3%, from 167,926 in Q1 2024 to 165,826 in Q1 2025[140] - Hospitality Solutions saw a 5.9% increase in Central Reservations System transactions, rising from 29,051 in Q1 2024 to 30,769 in Q1 2025[140] - The travel ecosystem has shifted, leading to changing needs among airline, hotel, and agency customers, which the company is addressing through strategic priorities for sustainable growth[125] Strategic Initiatives - The company expects to close the Hospitality Solutions Sale for approximately $1.1 billion in cash by the end of Q3 2025, with net proceeds of about $960 million expected to be used to repay outstanding indebtedness[127] - The company plans to manage and report its business in one reportable segment following the closing of the Hospitality Solutions Sale[127] - The company has established strategic priorities to achieve sustainable long-term growth amid changing market conditions[172] - The company plans to continue monitoring liquidity levels and may take additional steps if necessary to manage through economic headwinds[174] Tax and Regulatory Matters - The company expects to be a U.S. federal cash taxpayer in 2025, benefiting from the utilization of net operating loss (NOL) carryforwards and tax credits[177] - The company recognized an income tax benefit of $57 million for the three months ended March 31, 2025, representing an effective tax rate of 265%, compared to an income tax expense of $3 million in the prior year[169] - The company monitors digital services taxes (DST) legislation in various jurisdictions, impacting its operations and financial reporting[177] Cost Management - Selling, general and administrative expenses increased by $1.9 million, or 1%, to $143.3 million for the three months ended March 31, 2025, compared to $141.4 million in the prior year[161] - The global capital markets experienced increased volatility throughout 2024, affecting the company's refinancing efforts and leading to higher interest expenses[179] - The company incurred third-party fees of approximately $10 million related to the Term Loan B Amendments, which were expensed in the consolidated statements of operations[183] - The company incurred a $10 million contribution to its defined benefit pension plan during the three months ended March 31, 2025[193] - Capital expenditures for the three months ended March 31, 2025, amounted to $18 million, primarily for software development[194] Market Conditions - The company has not experienced any material changes in market risk since December 31, 2024[201] - There were no off-balance sheet arrangements during the three months ended March 31, 2025[196]

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]

Core Insights - Sabre Corporation has entered into a new agreement with Aeromexico to enhance its retailing capabilities through SabreMosaic, incorporating advanced AI-driven solutions for dynamic pricing and personalized ancillary offers [1][2][4]. Company Overview - Sabre Corporation is a leading global travel technology company headquartered in Southlake, Texas, serving customers in over 160 countries [5]. Partnership Details - The partnership between Aeromexico and Sabre has lasted 14 years, with Aeromexico relying on Sabre for technology support to achieve its strategic vision and growth objectives [2]. - Aeromexico will utilize SabreMosaic Air Price IQ for optimizing airfare pricing and SabreMosaic Ancillary IQ for personalizing ancillary offers, aimed at improving operational efficiency and enhancing customer value [2][3]. Technological Advancements - SabreMosaic is described as a revolutionary offer and order retailing platform for airlines, powered by Google's AI and Cloud architecture, allowing for flexibility and speed in creating personalized travel content [4]. - The collaboration between Sabre and Google focuses on bringing industry-first applications of Generative AI to market, enhancing the capabilities of airlines [4]. Aeromexico's Strategic Focus - Aeromexico aims to maintain operational excellence and enhance customer experience, having recently been recognized as the most punctual airline in 2024 and early 2025 [3].

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 ...

Core Insights - Sabre Corporation has activated Iberia's New Distribution Capability (NDC) content in its global distribution system, enhancing travel retailing and providing agencies with seamless access to Iberia's dynamic offers [1][2][3] - The collaboration aims to improve efficiency and transparency in comparing flight options, while supporting Iberia's strategy for more flexible and tailored fare choices for travelers [1][2] Group 1: Company Strategies - Iberia's activation of NDC through Sabre represents a significant step in its distribution strategy, leveraging Sabre's extensive network to deliver greater value and service to travelers worldwide [2] - Sabre's NDC approach focuses on broader content access and seamless integration into agency workflows, addressing evolving customer demands through real-time offer creation [2][3] Group 2: Market Impact - The partnership between Iberia and Sabre enhances the multi-source content platform, providing agencies with increased choice and flexibility, ultimately improving the overall travel experience [3] - The integration of Iberia's NDC content allows Sabre-connected agencies to efficiently shop, book, and service NDC offers alongside other content, reinforcing the commitment to advancing travel retailing and distribution [3]

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]

SOUTHLAKE, Texas, April 28, 2025 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) will host a live webcast of its first quarter 2025 earnings conference call on May 7, 2025 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 for ...