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Sep 30, 2022
Sabre Q3 2022 Earnings Report
Reported third quarter results with revenue increase driven by recovery from COVID-19 pandemic and technology transformation milestones achieved.
Key Takeaways
Sabre's third quarter revenue totaled $663 million, an increase of 50% compared to the third quarter of 2021. The company's bookings continued to improve, with September gross air bookings at the highest monthly rate of recovery vs. 2019 levels since the pandemic began. The company's net loss attributable to common stockholders was $141 million, and adjusted EPS totaled ($0.25).
September gross air bookings at the highest monthly rate of recovery vs. 2019 levels since the pandemic began in March 2020
International travel continued to rebound, driving improved mix and higher revenue per booking
Execution remains on track for the technology transformation, including mainframe offload and cloud migration, for the long-term cost savings and operational objectives
Ended the quarter with cash balance of $804 million
Revenue by Segment
Forward Guidance
Sabre expects to be free cash flow positive in the fourth quarter of 2022 and in 2023, and annually thereafter. Sabre's full-year 2022 revenue outlook remains unchanged.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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