Loading...
•
Jun 30, 2023
Sabre Q2 2023 Earnings Report
Reported second quarter results that exceeded prior guidance and raised FY23 financial outlook.
Key Takeaways
Sabre's second quarter revenue reached $738 million, a 12% increase from Q2 2022. The company reported a net loss of $129 million, with an adjusted EPS of ($0.17). Adjusted EBITDA was $73 million, driven by growth in global travel bookings and favorable rate impacts.
Financial results exceeded Q2 guidance
Advanced strategic priorities focused on growth, innovation, free cash flow generation, and balance sheet deleveraging
Executed long-term global agreement with Hyatt for central reservation system technology
On track to deliver savings of $100M in 2H'23 and $200M for FY2024 from cost reduction program
Revenue by Segment
Forward Guidance
Sabre's third quarter, fourth quarter, and full-year 2023 outlook are summarized as follows:
Positive Outlook
- Q3 2023 Revenue ~$725M
- Q4 2023 Revenue ~$700M
- FY 2023 Revenue $2.9B to $3.0B
- Q3 2023 Adjusted EBITDA ~$100M
- Q4 2023 Adjusted EBITDA ~$110M
Challenges Ahead
- Q3 2023 Free Cash Flow ~$20M Incl. restructuring
- Q3 2023 Free Cash Flow ~$50M Excl. restructuring
- Q4 2023 Free Cash Flow ~$70M Incl. restructuring
- Q4 2023 Free Cash Flow ~$85M Excl. restructuring
- FY 2023 Adjusted EBITDA ~$340M
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...