Sabre Q1 revenue $777M (-1% YoY); sells Hospitality Solutions for $1.1B, reaffirms FY outlook

Sabre Corp

Q1 revenue $777M (-1% YoY); net income $35M vs loss $71M; adjusted EBITDA $150M (+5%).
Agreed to sell Hospitality Solutions to TPG for $1.1B cash; net proceeds ~$960M to repay debt; close expected by end of Q3 2025.
Reaffirmed FY2025 outlook: double digit distribution bookings growth, high single digit revenue growth, pro forma FCF >$200M.
Pro forma FY2025 adjusted EBITDA >$630M; net leverage target ~5.4x after transaction.
Travel Solutions revenue $702M (-2%); Hospitality Solutions revenue $85M (+8%).

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