SOUTHLAKE, Texas, Aug. 1, 2024 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) today announced financial results for the quarter ended June 30, 2024. Sabre has posted its second quarter 2024 earnings release and earnings presentation to its Investor Relations webpage at investors.sabre.com/financialinformation/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 ...

Financial Performance - Q2 2024 revenue totaled $767 million, up 4% from Q2 2023[2] - Operating income improved to $61 million, a $103 million year-over-year increase[2] - Adjusted EBITDA reached $129 million, a 76% increase from Q2 2023[6] - Free Cash Flow for Q2 2024 was $8 million, compared to negative $57 million in Q2 2023[6] - Revenue for Q2 2024 increased to $767.2 million, up from $737.5 million in Q2 2023, representing a 4% growth[31] - Operating income for Q2 2024 improved significantly to $60.9 million, compared to an operating loss of $42.2 million in Q2 2023[31] - Net loss for Q2 2024 decreased to $69.5 million, down from $124.0 million in Q2 2023, reflecting a 44% reduction in losses[31] - Net loss attributable to common stockholders for Q2 2024 was $69.76 million, a significant improvement from $129.28 million in Q2 2023[42] - Adjusted EBITDA for Q2 2024 was $128.69 million, up from $73.05 million in Q2 2023, with an Adjusted EBITDA margin of 16.8% compared to 9.9% in the prior year[42] - Free Cash Flow for Q2 2024 was $8.01 million, a substantial improvement from a negative $56.86 million in Q2 2023[43] - Net loss improved from $(223,766) million in the first half of 2023 to $(140,590) million in the first half of 2024[33] - Cash used in operating activities decreased from $(99,188) million in the first half of 2023 to $(39,959) million in the first half of 2024[33] - Adjusted Net Loss from continuing operations improved to $18.48 million in Q2 2024 from $56.94 million in Q2 2023[42] - Cash provided by operating activities turned positive at $28.13 million in Q2 2024, compared to a negative $26.78 million in Q2 2023[43] Segment Performance - Travel Solutions revenue increased 4% to $695 million, driven by favorable rate impacts and increased bookings[11] - Hospitality Solutions revenue grew 9% to $83 million, with central reservation system transactions up 4%[13] - Travel Solutions segment generated $163.64 million in Adjusted Operating Income for Q2 2024, while Corporate segment reported a loss of $62 million[44] - Adjusted Operating Income for Travel Solutions in Q2 2023 was $116,368, while Hospitality Solutions reported a loss of $2,037, and Corporate had a loss of $68,236, resulting in a total Adjusted Operating Income of $46,095[45] - Adjusted EBITDA for Q2 2023 was $73,049, with Travel Solutions contributing $136,641, Hospitality Solutions $4,307, and Corporate a loss of $67,899[45] - In the six months ended June 30, 2024, Adjusted Operating Income for Travel Solutions was $333,426, Hospitality Solutions $7,818, and Corporate a loss of $116,486, totaling $224,758[46] - Adjusted EBITDA for the six months ended June 30, 2024, was $271,000, with Travel Solutions contributing $368,625, Hospitality Solutions $18,442, and Corporate a loss of $116,067[46] - For the six months ended June 30, 2023, Adjusted Operating Income for Travel Solutions was $206,470, Hospitality Solutions a loss of $10,531, and Corporate a loss of $122,168, totaling $73,771[47] - Adjusted EBITDA for the six months ended June 30, 2023, was $131,111, with Travel Solutions contributing $251,349, Hospitality Solutions $1,497, and Corporate a loss of $121,735[47] Costs and Expenses - Technology costs decreased by 23% in Q2 2024 to $219.3 million, compared to $284.3 million in Q2 2023[31] - Interest expense increased by 22% in Q2 2024 to $129.3 million, up from $106.1 million in Q2 2023[31] - Stock-based compensation increased to $12.23 million in Q2 2024 from $8.74 million in Q2 2023[42] - Interest expense, net rose to $129.29 million in Q2 2024 from $106.13 million in Q2 2023[42] - Restructuring and other costs decreased significantly to $15.49 million in Q2 2024 from $59.37 million in Q2 2023[42] - Additions to property and equipment decreased to $20.12 million in Q2 2024 from $30.08 million in Q2 2023[43] - Additions to property and equipment were $(47,794) million in the first half of 2024, slightly lower than $(48,190) million in the same period of 2023[33] - Restructuring and other costs in 2024 primarily represent charges associated with the cost reduction plan implemented in Q2 2023, totaling $10,439[49] - Acquisition-related costs in 2024 were $863, primarily related to fees and expenses incurred for acquisition and disposition-related activities[49] - Litigation costs, net in 2024 were $1,579, associated with antitrust litigation and other foreign non-income tax contingency matters[49] - Indirect tax matters in 2024 included a charge of $6,131 due to newly adopted legislation in Canada[49] Balance Sheet and Cash Flow - Ended Q2 with a cash balance of $634 million[2] - Q2 2024 cash from operations was $28 million, the first positive Q2 operating cash flow in five years[2] - Total assets decreased slightly from $4,672,194 million in December 2023 to $4,666,375 million in June 2024[32] - Cash and cash equivalents decreased from $648,207 million in December 2023 to $612,614 million in June 2024[32] - Long-term debt decreased from $4,829,461 million in December 2023 to $4,789,406 million in June 2024[32] - Accounts receivable increased from $343,436 million in December 2023 to $376,476 million in June 2024[32] Guidance and Forward-Looking Statements - Full-year 2024 Adjusted EBITDA guidance raised to ~$525 million, up from prior guidance of ~$520 million[17] - Adjusted EBITDA and Free Cash Flow are provided as forward guidance, though specific figures are not disclosed[23][24] Market Presence and Strategy - Sabre serves customers in over 160 countries, highlighting its global market presence[19] - The company emphasizes its focus on innovative products and next-generation technology solutions to empower travel partners[19] - Sabre's financial performance is influenced by transaction volumes in the global travel industry, particularly air travel[26] - The company faces risks related to pricing pressure in the Travel Solutions business and changes affecting travel supplier customers[26] - SabreMosaic, a next-generation AI-infused retailing platform, was announced[2] Definitions and Metrics - The company defines Adjusted EBITDA as loss from continuing operations adjusted for various factors including depreciation, amortization, and interest expense[35] - Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue[36] - Free Cash Flow is defined as cash used in operating activities less cash used in additions to property and equipment[36]

SynXis CRS is the leading global hospitality commerce and distribution platform, enabling hoteliers to achieve their strategic goals with streamlined distribution, centralized control, and greater flexibility. With this renewal, Wyndham will continue to benefit from efficient pricing and inventory management, extensive global distribution connectivity, robust bulk upload tools, and a fully integrated guest profile linked to its Wyndham Rewards® program. The platform will also help Wyndham to maintain its co ...

Investor Contact: Brian Roberts [email protected] SOURCE Sabre Corporation SOUTHLAKE, Texas, July 30, 2024 /PRNewswire/ -- Sabre (NASDAQ: SABR), a leading software and technology company powering the global travel industry, today announced that American Airlines has renewed its subscription to PRISM, Sabre's industry-leading corporate travel contract management solution used by more than 30 of the world's premier airlines. PRISM is a powerful business intelligence solution that goes beyond a simple data fee ...

The market expects Sabre (SABR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better ...

"We are pleased to have Sabre and its partners distribute our HA Connect™ content, which broadens access to our unique offers and products and will greatly enhance the booking experience for travelers," said Brent Overbeek, Executive Vice President and Chief Revenue Officer, Hawaiian Airlines. Sabre Corporation is a software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The Company connects travel suppliers and buyers around the globe and ac ...

About Sabre Website Information SABR-F Media Kristin Hays [email protected] [email protected] SOURCE Sabre Corporation Sabre Corporation is a software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The Company connects travel suppliers and buyers around the globe and across the ecosystem through innovative products and next-generation technology solutions. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowe ...

SOUTHLAKE, Texas and MONTREAL, July 17, 2024 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Air Canada, Canada's largest airline, today announced the launch of Air Canada's full content via NDC in Sabre's travel marketplace. This launch empowers travel agencies to consume Air Canada's expanded NDC offers and services, enabling them to provide a more personalized travel experience to the customers they serve. As of July ...

| --- | --- | --- | --- | |--------------------------------------|---------|------------|----------------| | | | | | | Description | Outcome | Votes For | Votes Against | | Set Number of Directors at Five | Carried | 27,935,625 | 975,736 | | Election of Directors | Outcome | Votes For | Votes Withheld | | Andrew Elinesky | Carried | 25,184,411 | 1,453,089 | | Claudio Ciavarella | Carried | 25,096,456 | 1,541,044 | | Tony Lesiak | Carried | 25,137,080 | 1,500,420 | | Fahad Al Tamimi | Carried | 25,096,417 | ...

Sabre Hospitality showcases standalone offers and auto fulfillment through SynXis Retailing at HITEC in Charlotte, USA In addition to selling ancillaries with room bookings, the platform now enables the sale of standalone offers beyond the room, allowing hoteliers to set up virtual storefronts, broaden their catalog, and reach a wider audience. Furthermore, Sabre Hospitality announced the upcoming integration of automated fulfillment powered by Nuvola, their task management solution. The integration between ...