secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001597033-23-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000105/0001597033-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000159703323000105/sabr-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001597033-23-000105

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