Sabre Q1 beats guidance: revenue $783M, Adj EBITDA $142M; raises FY 2024 outlook

Sabre Corp

2024-Q1 EPS reported -$0.19 revenue$782,886,000

Revenue $783M (+5% YoY); operating income $98M vs breakeven in Q1'23; net loss $71M vs $104M.
Adjusted EBITDA $142M (+145% YoY); raises FY2024 revenue and Adjusted EBITDA guidance.
Travel Solutions revenue $714M (+5%); Distribution revenue $572M (+9%) on higher bookings and rate.
Hospitality Solutions revenue $79M (+7%); Adjusted EBITDA $8M, highest Q1 in six years.
Refinanced >$300M of 2025 debt; ended Q1 with $650M cash; Hyatt SynXis implementation on schedule.

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, 2024 results: revenue $783 million, net income Net loss attributable to common stockholders of $71 million, EPS $0.19. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $783 million
Net income: Net loss attributable to common stockholders of $71 million
EPS: $0.19
Guidance: raised
Result: reported results

Exact text from the filing

remaining 2025 maturities using balance sheet cash • Ended the quarter with cash balance of $650 million First quarter 2024 financial results: • First quarter revenue totaled $783 million, up 5% from Q1'23 • Net loss attributable to common stockholders of $71 million and diluted net loss per share attributable to common stockholders of $0.19 • Adjusted EBITDA (1)

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Source: SEC EDGAR

accession 0001597033-24-000071

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