Sabre reports full year 2025 results Company meets fourth quarter guidance for revenue and Pro Forma Adjusted EBITDA; advances AI strategic initiatives Business Highlights: 2025 Financial Results: SOUTHLAKE, Texas – February 18, 2026 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter and year ended December 31, 2025. 1 • Repaid >$1 billion of debt and reduced net leverage • Improved debt maturity profile with over 90% of debt maturing in 2029 or l ...

Core Insights - A strategic partnership has been formed between Sabre Corporation, PayPal Holdings, and Mindtrip to create an end-to-end agentic AI experience for travel, aiming to streamline the booking process and enhance consumer engagement in the travel industry [1][2] Group 1: Partnership Overview - The collaboration combines Mindtrip's consumer platform, PayPal's commerce capabilities, and Sabre's travel technology to replace fragmented booking processes with a seamless experience [1] - The product is set to launch in Q2 2026, focusing on a single intelligent experience that integrates inspiration, booking, and management [1] Group 2: Functionality and User Experience - Travelers will interact with an AI-powered assistant, allowing them to manage bookings, ask questions, and receive personalized recommendations all within one platform [1] - The initial launch will support flight bookings, with hotel options to be added later, enhancing the overall travel experience [1] Group 3: Technology and Integration - Sabre's technology will provide real-time shopping, pricing, and booking capabilities, while PayPal will ensure secure identity verification and a streamlined payment process [1] - PayPal's integration will include features like flexible payment options and loyalty rewards, enhancing consumer trust and convenience during the booking process [1] Group 4: Market Impact and Future Outlook - This partnership aims to set a new standard for agentic travel by unifying various aspects of the travel journey, making it more intuitive and personalized for modern travelers [2] - The collaboration is expected to challenge industry norms and provide growth opportunities for partners without the need for them to develop these capabilities independently [2]

Core Insights - Sabre Corporation has renewed its SabreSonic Passenger Service System (PSS) agreement with WestJet Airlines, indicating a long-term commitment to support WestJet's global expansion [1][2][4] - The renewal allows WestJet to utilize Sabre's scalable PSS capabilities, enhancing operational excellence and preparing for future retailing modernization [2][4] - WestJet's partnership with Sabre, which has lasted over 25 years, reflects confidence in Sabre's technology and strategic vision for airline retailing [3][4] Company Overview - Sabre Corporation is a leading global travel technology company, providing solutions to airlines, hoteliers, and travel agencies, and operates in over 160 countries [5] - WestJet Airlines, established in 1996, has grown significantly, now operating nearly 200 aircraft and serving over 100 destinations across North America, Central America, the Caribbean, Europe, and Asia [6][7] - The WestJet Group is recognized as Canada's leading low-cost airline and largest vacation provider, committed to making air travel affordable and accessible [7]

Core Insights - Sabre Corporation has launched SabreMosaic™ Cache-powered Intelligent Shopping, an AI-driven solution that integrates various travel content types to enhance booking accuracy and speed for travel agencies [2][4]. Group 1: Product Features - The new solution unifies traditional EDIFACT, NDC, LCC, and agency private content through agent-friendly APIs and a predictive cache, providing industry-leading response times [2][4]. - Unlike traditional methods that rely on live polling or static caches, the solution employs Sabre IQ™ predictive algorithms to optimize when to poll live data and when to use cached results, achieving up to 95% accuracy compared to live polling [3][4]. - Agencies using this solution have reported up to a 28% reduction in look-to-book (L2B) ratios and performance under 500 milliseconds for traditional flight content [3]. Group 2: Customer Impact - Wego, a pilot partner, has experienced significantly faster flight search performance and improved efficiency and accuracy with the new solution [5][6]. - The solution is designed to help agencies manage fragmented air content and rising traffic costs by delivering bookable offers at scale [4][6]. Group 3: Operational Efficiency - The solution standardizes how results are structured and delivered, streamlining workflows such as sorting, ranking, and personalization, which leads to faster development and reduced maintenance costs [7]. - By minimizing discrepancies between displayed and final offers, the solution reduces failed bookings and manual fare checks, resulting in improved agent productivity and a more predictable shopping experience [7]. Group 4: Market Position - Sabre Corporation serves a wide range of travel businesses globally, including airlines, hoteliers, and travel agencies, and operates in over 160 countries [8]. - The Cache-powered Intelligent Shopping is part of Sabre's broader Travel Marketplace, which aims to modernize the shopping experience and accelerate growth for travel brands [6].

Core Viewpoint - Sabre Corporation will host a live webcast for its fourth quarter and full year 2025 earnings conference call on February 18, 2026, at 9:00 a.m. ET, where management will discuss financial results and future outlook [1] Company Overview - Sabre Corporation is a leading technology company focused on the travel industry, providing solutions to airlines, hoteliers, agencies, and other partners to enhance travel retail, distribution, and fulfillment globally [2] - The company is headquartered in Southlake, Texas, and serves customers in over 160 countries worldwide [2] Investor Relations - Important information for investors is routinely posted on the Investor Relations section of Sabre's website, as well as on its LinkedIn and X accounts [3] - The company intends to use these platforms for disclosing material, non-public information and complying with disclosure obligations under Regulation FD [3]

Core Insights - The article discusses Sabre Corporation's new whitepaper titled "The Secure AI Advantage: Governance and Trust in Travel Technology," which emphasizes the need for trust in the travel industry as it transitions to intelligent automation and agentic AI [1][2]. Group 1: Trust and Security in AI - The travel industry is at an inflection point where the systems that can transform travel also require a reimagined approach to security [2]. - Trust must be integrated into the data, identity, and verification processes of AI systems, as autonomy without trust is deemed unusable [3]. - Sabre advocates for a mindset shift in the industry, asserting that AI's full potential can only be unlocked if trust is designed, demonstrated, and durable [3][4]. Group 2: Sabre's Technological Strategy - Sabre's technology strategy is anchored in the philosophy that trust is a core tenet of infrastructure, not just a feature [4]. - The company has modernized its infrastructure through a collaboration with Google Cloud, enabling enterprise-grade AI with embedded security [5]. - The SabreMosaic platform and the Sabre IQ AI Layer provide customers with AI that includes guardrails, lineage, and accountability [5]. Group 3: Implementation and Future Directions - Moving over 50 petabytes of data to the cloud was a significant milestone for Sabre, laying the foundation for safe and autonomous AI systems [6]. - The whitepaper concludes with five tips for other companies to enhance security in the agentic era and invites the industry to participate in its global Agentic U roadshow [6]. - Sabre aims to lead with transparency and set a higher standard for responsible AI, helping partners embrace the future of travel confidently [7].

Core Viewpoint - Shares of Sabre Corporation (SABR) have significantly declined, reaching lows of just over $1, which is a stark contrast to its initial public offering (IPO) price that was approximately 10 times higher [1] Company Performance - The travel technology business of Sabre Corporation has experienced a dreadful performance, with shares falling dramatically [1] Investment Opportunities - The Value Investor group, which specializes in tracking companies through catalytic events, provides insights into potential investment opportunities, including IPOs, mergers & acquisitions, and earnings reports [1]

Core Insights - Sabre Corporation has announced that five travel technology providers have chosen to connect to its SabreMosaic™ Travel Marketplace, enabling access to New Distribution Capability (NDC) content from 42 airlines for leisure, corporate, and online travel sellers [1][2]. Group 1: NDC Integration and Coverage - The selection of SabreMosaic Travel Marketplace by these companies reflects the increasing demand for unified access to modern airline content, including NDC, with Sabre now offering the industry's broadest NDC airline coverage [2]. - Recent global launches include major airlines such as British Airways, Iberia, Air France, KLM, Lufthansa, Qatar Airways, and Emirates, with over 60 additional carriers expected to come online [2]. - The integration allows agencies to access NDC offers, continuous pricing, bundled fares, and new ancillaries alongside traditional and low-cost carrier content without needing separate connections for each airline [2][3]. Group 2: Technical Foundation and Workflow Efficiency - Sabre's structured approach to NDC integrations standardizes airline-specific nuances, allowing providers to use harmonized APIs for consistent multi-source content presentation [3]. - This integration supports end-to-end workflows, enabling all post-booking actions such as cancellations, refunds, and ancillary management, regardless of the airline [3][4]. - The result is a significant reduction in manual workarounds, fewer errors, and faster onboarding of new airline content, enhancing operational efficiency for agencies and corporate buyers [4]. Group 3: Benefits for Agencies and Corporates - Agencies and buyers benefit from unified displays that allow for like-for-like comparison of options, helping them select the best offers for traveler needs [4]. - Corporate buyers maintain policy controls and visibility while gaining access to airline features like continuous pricing and exclusive promotions without the need for new systems or retraining [4][5]. - The shift from bespoke airline connections to a unified implementation preserves servicing parity, compliance, and reporting, leading to faster activation and improved traveler outcomes [5].

Core Insights - Sabre Corporation and BizTrip AI have formed a strategic partnership to develop AI-powered corporate travel assistants that enhance booking workflows and itinerary management for various stakeholders in the travel industry [1][2] - Sabre has made a minority investment in BizTrip AI, indicating confidence in the potential of agentic AI to transform corporate travel [3] Group 1: Partnership Details - The partnership integrates Sabre's agentic APIs and Model Context Protocol (MCP) with BizTrip AI's Travel LLM, enabling advanced AI capabilities for travel management [2] - BizTrip AI's platform leverages Sabre's technology infrastructure to facilitate autonomous actions in travel booking, enhancing efficiency and user experience [2][4] Group 2: Technology and Innovation - BizTrip AI's Travel LLM continuously learns from various data sources, including booking patterns and corporate policies, to provide personalized travel experiences [3] - The collaboration aims to deliver intelligent automation and deep personalization, potentially reducing travel costs by 8-15% for enterprises [7] Group 3: Market Availability - BizTrip AI's products are currently available for enterprise pilots, with general availability expected in Q2 2026 [4] - Interested parties, including TMCs, airlines, and corporate travel managers, can access more information through BizTrip AI's website or contact Sabre representatives [4]

Core Viewpoint - Sabre Corporation announced the expiration of its exchange offers for various series of its Senior Secured Notes, allowing holders to exchange existing notes for new notes with a higher maturity date [1][2]. Group 1: Exchange Offers Details - The exchange offers included the 8.625% Senior Secured Notes due 2027 and 11.250% Senior Secured Notes due 2027, as well as up to $379 million of the 10.750% Senior Secured Notes due 2029 [1]. - The total principal amount of the Existing Notes was $1,202,311,000, with $960,974,000 tendered in the exchange offer [2]. - The maximum aggregate principal amount of New Notes that Sabre GLBL can issue in the exchange offer for the 2029 Notes was met as of December 4, 2025 [2]. Group 2: Tendered Amounts - As of the expiration date, $240,218,000 of the June 2027 Notes and $44,264,000 of the December 2027 Notes were validly tendered [2]. - The total principal amount accepted for exchange included $235,944,000 of the June 2027 Notes and $44,006,000 of the December 2027 Notes [3]. - The company anticipates accepting additional tendered amounts following the early exchange date, with a final settlement date of December 23, 2025 [3]. Group 3: Advisory and Management - BofA Securities served as the Sole Dealer Manager for the exchange offers, while Perella Weinberg Partners acted as Capital Markets Advisor to Sabre [4].