Overview

* Sabre Q3 revenue rises 3% yr/yr to $715 mln, beating analyst expectations

* Adjusted EBITDA for Q3 misses analyst estimates

* Company repaid ~$825 mln of debt from Hospitality Solutions sale proceeds

Outlook

* Sabre expects Q4 2025 Pro Forma Adjusted EBITDA of ~$110 mln, +2% YoY

* Company forecasts full-year 2025 Pro Forma Adjusted EBITDA of ~$530 mln, +9% YoY

* Sabre anticipates Q4 2025 Pro Forma Free Cash Flow of ~$130 mln

Result Drivers

* DISTRIBUTION REVENUE - Co cites a 4% YoY increase in distribution revenue driven by higher bookings and favorable supplier mix

* OPERATING MARGIN - Co reports a 5 percentage point improvement in operating margin due to revenue growth, cost management, and lower technology costs

* DEBT REPAYMENT - Co repaid ~$825 mln of debt from the proceeds of the Hospitality Solutions sale

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $715 mln $711.50

Revenue mln (3

Analysts

)

Q3 EPS -$0.01

Q3 Net $849 mln

Income

Q3 Miss $141 mln $143 mln

Adjusted (3

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Sabre Corp ( SABR ) is $2.40, about 16.7% above its November 4 closing price of $2.00

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)