SABR
Sabre Corporation1.5100
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms AI; growth cap alloc shift.
Q&A largely reaffirmed prepared remarks on AI agentic momentum and 2026 guidance, but management signaled a nuanced capital allocation shift: prioritizing growth and AI investments over further delevering, citing $812M usable cash and no big maturities until 2029. They unpacked the inflation offset program—geo arbitrage, third-party efficiencies, AI-boosted productivity—while pledging more engineers ahead. Volume strength continues YTD, broad-based with corporate rebound, NDC scaling via OTAs/TMCs, and LCC wins. Direct connect fears dismissed; Sabre's scale trumps AI coding gains. AI bots need us. Partnerships like MindTrip/PayPal get end-to-end color. Watch AI revenue ramps.
Key Stats
Market Cap
596.28MP/E (TTM)
-Basic EPS (TTM)
-0.61Dividend Yield
0%Recent Filings
8-K
Sabre adds Constellation director
Sabre struck a Strategic Governance Agreement with Constellation Software on March 5, 2026, appointing Damian McKay to its board and Technology Committee by March 19, while accelerating termination of its March 1 Rights Agreement to March 6. Constellation, holding 50,157,523 shares (~12.7%), agreed to a 15% ownership cap and board-aligned voting during the Specified Period. Deal de-escalates proxy fight.
8-K
Sabre adopts poison pill
Sabre Corporation adopted a one-year shareholder rights plan on March 1, 2026, issuing one right per common share payable March 11, triggering if any person acquires 15% or more ownership. The Board responded to Constellation Software's 9.7% stake buildup—4.7% direct, 5% derivatives—after it abruptly ended board seat talks despite nearing a deal. Rights dilute hostile takeovers. Plan expires February 28, 2027.
8-K
Sabre beats EBITDA guidance
Sabre reported Q4 revenue of $667M, up 3% YoY, and full-year $2.8B, up 1%, with Normalized Adjusted EBITDA rising 10% to $536M. Repaid over $1B debt, cut net leverage, ended with $910M cash. Leadership reshuffled for AI push; Q1 2026 Pro Forma Adjusted EBITDA ~$130M. New roles sharpen innovation edge.
10-K
FY2025 results
Sabre posted FY2025 revenue of $2.8B, up 1% y/y, with distribution bookings edging 0.6% higher to 365M while IT solutions passengers boarded rose 1.6% to 695M; Q4 momentum faltered as volumes leveled off post-Hospitality divestiture. Yet margins expanded sharply—Adjusted EBITDA jumped 12% to $500M—buoyed by 9% technology cost cuts from cloud shifts and prior restructurings, despite $54M in new workforce charges. Debt stands at $4.3B after Hospitality proceeds trimmed balances, but $248M nears term in 2026 amid volatile rates. Q4 accelerated de-migrations pressured IT revenue 3%. Travel volumes hinge on airlines.
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