secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001597033-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre Q2 beats guidance, raises FY23 Adj EBITDA outlook to ~$340M from $300-320M
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- Q2 revenue $738M (+12% YoY); net loss $129M ($0.39 loss per share) vs $193M loss a year ago.
- Adjusted EBITDA $73M, up from $24M; Adjusted EPS -$0.17 vs -$0.25 prior year.
- Raised FY23 revenue guidance to $2.9B-$3.0B (prior $2.8B-$3.0B) and Adj EBITDA to ~$340M.
- Signed long-term global CRS agreement with Hyatt covering 1,300+ properties.
- Ended Q2 with $727M cash; refinanced majority of April 2025 debt maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000071/0001597033-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000071/sabr-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001597033-23-000071

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