Sabre Corporation
1.9100-0.16 (-7.73%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · SABR · USD
Key Stats
Market Cap
753.52MP/E (TTM)
-Basic EPS (TTM)
-0.90Dividend Yield
0%Recent Filings
8-K
Sabre's Q2 results and divestiture
Sabre Corporation reported Q2 2025 revenue of $687 million, down 1% year-over-year, with operating income surging to $89 million and a 13% margin, up 6 points, thanks to cost cuts and cloud savings. The company closed its $1.1 billion Hospitality Solutions sale in July, using proceeds to repay $825 million in debt and refinance $1.325 billion to 2030 maturities. Debt reduction strengthens the balance sheet. Yet, a $256 million net loss stemmed from refinancing costs and taxes. Pro forma full-year Adjusted EBITDA eyes $530-570 million amid air booking pressures.
10-Q
Q2 FY2025 results
Sabre's Q2 revenue dipped 1% y/y to $687M, with distribution down 1% on flat bookings and IT solutions off 2% from prior de-migrations, yet operating income surged 83% y/y to $89M as technology costs fell 13% on cloud savings and cost cuts. YTD revenue held steady at $1.39B but operating income rose 31% to $181M, while diluted EPS from continuing operations worsened to $(0.51) from $(0.18) amid a $85M debt extinguishment loss; net loss exceeded operating loss by over 20% due to interest and taxes. Cash dropped to $426M with negative FCF of $(321M) (derived) from refinancing outflows, but $5B debt includes recent extensions to 2030 and revolver availability. Hospitality sale closed July 3 for $960M-$980M net cash, all-cash consideration, to repay term loans. Competition from direct channels pressures bookings.
8-K
Sabre sells Hospitality for $1.1B
Sabre Corporation completed the sale of its Hospitality Solutions business to TPG on July 3, 2025, for $1.1 billion in cash, netting $960 million after taxes and fees. The company plans to deploy most proceeds to slash debt and trim net leverage, sharpening focus on core travel tech growth. Scott Wilson, Hospitality president, exits with a $5.3 million bonus. Debt reduction fuels transformation.
8-K
Sabre issues $1.325B notes
Sabre GLBL issued $1.325 billion in 11.125% senior secured notes due 2030 on June 4, 2025, using proceeds to prepay intercompany loans tied to a 2028 term loan and repurchase $325 million of its 8.625% notes due 2027 via tender offers. This refinancing extends maturities while hiking interest costs, yet bolsters liquidity amid the pending Hospitality Solutions sale. Covenants curb dividends, pinching equity holders. Sabre refinances boldly.
8-K
Sabre upsizes $1.325B notes
Sabre upsized its senior secured notes offering to $1.325 billion at 11.125% due 2030, pricing on May 20, 2025, with closure set for June 4. Proceeds will fully prepay the 2028 term loan via intercompany channels, while the rest targets repaying other debts through tenders capped at $336.375 million. This refines Sabre's debt stack amid high rates. Completion hinges on closing conditions.
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