Sabre Q1 revenue up 27% to $743M, net loss $104M; new CEO and $200M cost-cut plan

Sabre Corp

2023-Q1 EPS reported -$0.32 revenue$742,695,000

Revenue $743M (+27% YoY); travel bookings up 49% vs Q1'22; adjusted EBITDA $58M (vs $5M).
Net loss $104M vs net income $42M in Q1'22 due to prior-year AirCentre gain and higher interest expense.
Kurt Ekert elected President and CEO; resource realignment targets $200M annual cost savings ($100M in 2H'23).
Full-year 2023 guidance: revenue $2.8B-$3.0B, adjusted EBITDA $300M-$320M, FCF positive excl. restructuring.
Q2'23 revenue guided ~$700M, adjusted EBITDA ~$45M, FCF negative ($60M)-($80M) incl. restructuring.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sabre Corp reported the quarter ended March 31, 2023 results: revenue $743 million, net income Net loss attributable to common stockholders of $104 million, EPS $0.32.

Period: the quarter ended March 31, 2023
Revenue: $743 million
Net income: Net loss attributable to common stockholders of $104 million
EPS: $0.32
Result: reported results

Exact text from the filing

First quarter revenue totaled $743 million, up 27% from the first quarter 2022 • Net loss attributable to common stockholders of $104 million and diluted net loss per share attributable to common stockholders of $0.32

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Sabre Corp filing history →

Source: SEC EDGAR

accession 0001597033-23-000044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.