Workforce and Business Operations - Sabre Corporation's workforce was reduced by approximately 17% following the sale of its Hospitality Solutions business, resulting in a total of 4,650 employees as of December 31, 2025[35]. - The company operates a business-to-business travel marketplace called Sabre Mosaic Marketplace, which integrates travel content from various suppliers with a large network of travel buyers[16]. - The company generates revenue through various streams, including distribution revenue from bookings made through its global distribution system (GDS), SaaS and hosted solutions, software licensing, and professional service fees[22][23][24][25]. - Sabre's customer base includes airlines, hotels, travel agencies, and corporate travel departments, with varying phases of adopting NDC strategies[21]. - A significant portion of travel buyer agreements, approximately 15% to 20%, is up for renewal each year, impacting revenue stability[57]. - The company relies on relationships with a limited number of large travel buyers, making it vulnerable to changes in their demand or business practices[55]. - The company has divested its Hospitality Solutions business, which may not yield the anticipated strategic and financial benefits, potentially impacting future growth[75]. Technology and Innovation - In 2024, Sabre launched SabreMosaic Airline Technology, an AI-enabled platform designed to help airlines create and sell personalized content to travelers[17]. - Sabre's growth strategy focuses on innovation and enhancing customer relationships, including the integration of new distribution capability (NDC) and expanding product lines[18]. - The company must continue to innovate and evolve its offerings to remain competitive in a rapidly changing travel technology market[44]. - The company is investing in the development of SabreMosaic Airline Technology, which is expected to impact revenue positively in future years[161]. Financial Performance and Risks - Revenue is highly dependent on transaction volumes in the global travel industry, particularly air travel, which significantly affects financial performance[42]. - The company faces pricing pressure from travel suppliers, leading to potential revenue and margin declines due to negotiations for lower fees[49]. - Financial instability among travel suppliers, including airlines, could lead to increased payment delays or defaults, negatively impacting cash flow[50]. - The company has $4.3 billion of outstanding indebtedness as of December 31, 2025, which may affect cash flow and operational capabilities[102]. - The company’s financial performance may be adversely affected by rising interest rates, which have already increased interest expenses significantly[106]. - The company anticipates a material negative impact on financial results and liquidity due to changing market conditions, with approximately $248 million of principal due or committed to be redeemed early under current debt facilities[212]. Cybersecurity and Compliance - The company has faced cybersecurity incidents, including unauthorized data extraction, which have not yet materially impacted financial conditions but could lead to significant future costs and reputational harm[87]. - The company has implemented measures to protect critical systems and data, but these protections are not comprehensive for all systems, potentially leading to significant recovery costs in the event of a disaster[83]. - Compliance with PCI Data Security Standards is essential for maintaining credit card processing services, with significant costs associated with compliance that may increase over time[63]. - Regulatory compliance regarding personal data protection is increasingly complex and could lead to significant operational costs and liabilities[52]. - The company is involved in various legal proceedings that could incur substantial costs and divert management's attention, potentially impacting financial results[64]. Market Conditions and Competition - The company faces competition from other global travel marketplace providers, local distribution systems, and direct distribution by travel suppliers[26]. - The travel industry is seasonal, with revenue typically peaking in the first and third quarters and declining significantly in the fourth quarter due to holiday travel patterns[33]. - The company is exposed to risks from adverse global economic conditions, including inflation, reduced consumer confidence, and increased tariffs, which could negatively impact travel demand[98]. - The company faces significant risks related to international operations, including political instability, regulatory changes, and currency fluctuations[101]. Debt and Liquidity Management - The company may need to incur additional indebtedness in the future, which could intensify existing risks associated with its current debt levels[103]. - The company has sufficient resources to fund liquidity requirements over the next twelve months, including approximately $248 million in principal payments due or committed for early redemption under current debt facilities[158]. - The company repaid $96 million of debt using cash from its balance sheet[213]. - Proceeds of $822 million from the sale of Hospitality Solutions were used to pay down debt and add approximately $135 million of cash to the balance sheet[213]. Revenue and Cost Management - Revenue for the year ended December 31, 2025, was $2,770,983, an increase of $26,138 or 1% compared to 2024[189]. - Adjusted Net Loss from continuing operations for 2025 was $(14,835), improving from $(75,858) in 2024[186]. - Cost of revenue, excluding technology costs, increased by $60,712 or 5% to $1,206,987 in 2025[192]. - Selling, general and administrative expenses decreased by $18,571 or 3% to $557,401 in 2025[194]. - Free Cash Flow for 2025 was $(191,751), a decline from $(9,278) in 2024[186]. Strategic Priorities and Future Outlook - The company has established strategic priorities to achieve sustainable long-term growth in response to changing needs of airline, hotel, and agency customers[157]. - The company anticipates continued growth in global share as it invests in technology and expands content and product functionality[164]. - Recent industry air distribution volume growth has leveled off, which may impact the company's growth rate moving forward[157].

Sabre's fourth quarter and full year 2025 earnings materials available on its Investor Relations website [Accessibility Statement] Skip NavigationSOUTHLAKE, Texas, Feb. 18, 2026 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) today announced financial results for the quarter ended December 31, 2025. Sabre has posted its fourth quarter and full year 2025 earnings release and earnings presentation to its Investor Relations webpage at [investors.sabre.com/financial-information/quarterly results]. Th ...

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 - PayPal is initiating a partnership focused on artificial intelligence with tech firms Sabre and Mindtrip to enhance the travel booking experience [1][2] - The collaboration aims to create a seamless, intelligent travel booking process that eliminates fragmented multistep procedures [2][8] Company Collaboration - The partnership combines PayPal's digital payment capabilities, Sabre's enterprise-grade travel technology, and Mindtrip's consumer platform to innovate travel solutions [2][7] - The new offering will allow travelers to interact with an AI-powered travel assistant, streamlining the booking process from trip planning to payment [8] Market Trends - There is a growing consumer comfort with AI agents, with approximately 25% of consumers expressing willingness to let AI plan their trips [9] - The travel industry is shifting towards agent-led execution, moving away from traditional search-led workflows as consumers increasingly rely on AI for various services [10]

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]

Group 1 - Sabre Corp (NASDAQ:SABR) has announced a strategic partnership with Biztrip AI, including a minority investment in Biztrip AI for an undisclosed amount [1] - The collaboration aims to develop AI-powered corporate travel assistants utilizing natural language processing for booking workflows and itinerary management [1][2] - Sabre's agentic APIs and Model Context Protocol will be integrated with Biztrip AI's Travel Large Language Model to create services for travel management companies, airlines, hotels, and corporate clients [2] Group 2 - Sabre operates in the global travel and tourism industry through two segments: Travel Solutions, which focuses on a business-to-business travel marketplace, and Hospitality Solutions, which offers software-as-a-service solutions to hoteliers [3] - Biztrip AI will leverage Sabre's SabreMosaic Travel Marketplace for inventory access across air, lodging, and ground transportation, as well as Sabre's cloud platform and global supplier connectivity serving 50,000 travel management companies [2]

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].