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Jun 30, 2024
Sabre Q2 2024 Earnings Report
Sabre's Q2 2024 financial results exceeded expectations, driven by revenue growth, margin expansion, and cost management.
Key Takeaways
Sabre reported Q2 2024 results exceeding prior guidance, with revenue up 4% year-over-year to $767 million and operating income improving by $103 million to $61 million. The company achieved key commercial wins and technology implementations, while also raising its full-year 2024 revenue and Adjusted EBITDA outlook.
Reported financial performance exceeded prior revenue and Adjusted EBITDA Q2 guidance; raising full year 2024 revenue and Adjusted EBITDA outlook
Generated $61 million of operating income, a year-over-year improvement of $103 million, and a 14 point year-over-year improvement in operating margin
Reported cash from operations of $28 million in Q2, the first Q2 with positive operating cash flow in five years
Achieved free cash flow objective for Q2
Revenue by Segment
Forward Guidance
Sabre's third and fourth quarters and full year 2024 outlook is set forth below:
Positive Outlook
- Q3 2024 Revenue ~$775M
- Q3 2024 Adjusted EBITDA ~$135M
- Q3 2024 Free Cash Flow Positive
- Q4 2024 Revenue ~$725M
- Q4 2024 Adjusted EBITDA ~$120M
Challenges Ahead
- FY 2024 Revenue~$3,050M
- FY 2024 Adjusted EBITDA ~$525M
- FY 2024 Free Cash Flow Positive
- Third quarter 2024 Adjusted EBITDA guidance consists of third quarter expected net loss attributable to common stockholders of approximately $51 million.
- Fourth quarter 2024 Adjusted EBITDA guidance consists of fourth quarter expected net loss attributable to common stockholders of approximately $68 million.
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
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