Sabre Q3 revenue up 12% to $740M; first operating income since Q4 2019; raises FY23 Adj. EBITDA view

Sabre Corp

2023-Q3 EPS reported -$1.33 revenue$2,220,685,000

Q3 revenue $740M (+12% YoY); operating income $52M vs. ($57M) loss; first positive quarterly operating income since Q4 2019.
Adjusted EBITDA $110M vs. $34M a year ago; Adjusted EPS ($0.06) vs. ($0.25); net loss $212M ($0.61 loss per share).
FY23 Adj. EBITDA guidance raised to ~$345M from ~$340M; revenue expected $2.9B-$3.0B; free cash flow positive excluding restructuring.
Travel Solutions revenue $672M (+11%); Distribution bookings up 12% to 89.4M; Hospitality Solutions revenue $79M (+16%).
Cash from operations $59M in Q3 (first positive Q3 since 2019); free cash flow $39M; refinanced most 2025 debt maturities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sabre Corp reported the quarter ended September 30, 2023 results: revenue $740 million, net income net loss attributable to common stockholders of $212 million, EPS diluted net loss per share attributable to common stockholders of $0.61. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $740 million
Net income: net loss attributable to common stockholders of $212 million
EPS: diluted net loss per share attributable to common stockholders of $0.61
Guidance: raised
Result: reported results

Exact text from the filing

the vast majority of the company's nearest-term 2025 debt maturities • Ended the quarter with cash balance of $623 million Third quarter 2023 summary: • Third quarter revenue of $740 million, up 12% from the third quarter 2022 • Net loss attributable to common stockholders of $212 million and diluted net loss per share attributable to common stockholders of $0.61 •

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Source: SEC EDGAR

accession 0001597033-23-000105

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