secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001597033-23-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000044/0001597033-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000044/sabr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001597033-23-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer