secwatch.observer — SEC 8-K summary
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Issuer:     Sabre Corp (SABR)
CIK:        0001597033
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001597033-25-000088
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabre Q2 revenue down 1% to $687M, net loss $256M; closes Hospitality sale for $1.1B
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- Revenue $687M (-1% YoY); operating income $89M (13% margin, +6pp YoY); net loss $256M vs $70M Q2 2024 loss.
- Closed sale of Hospitality Solutions for $1.1B in July 2025; repaid >$1B debt including $825M from proceeds.
- Refinanced $1.325B debt, extending maturities to 2030; ended Q2 with $447M cash.
- Q3 2025 pro forma Adj. EBITDA guidance ~$140-150M; FY 2025 pro forma Adj. EBITDA ~$530-570M.
- CEO cites weaker air distribution bookings as transitory; full-year outlook lowered with volume growth scenarios.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597033/000159703325000088/0001597033-25-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597033/000159703325000088/sabr-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001597033-25-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer