Sabre(US:SABR)2025-05-07 12:12Financial 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]