Loading...
•
Sep 30, 2024
Sabre Q3 2024 Earnings Report
Reported solid financial results with revenue growth and margin expansion, driving double-digit improvements in Adjusted EBITDA and positive free cash flow.
Key Takeaways
Sabre reported a 3% increase in revenue to $765 million, driven by positive performance in both Travel Solutions and Hospitality Solutions. Operating income increased to $70 million, with a net loss attributable to common stockholders of $63 million, or $0.16 per share. The company generated positive free cash flow and saw improvements in Adjusted EBITDA.
Accelerated air distribution bookings in Q3, driving 5% growth in Distribution revenue.
Generated cash from operations of $28 million and achieved positive free cash flow for Q3.
Launched SabreMosaicTM, a next-generation offer-and-order platform, and announced key commercial partnerships.
Expanded and renewed partnerships with large customers, including Delta, WestJet, TAP Air Portugal, and AirSerbia.
Revenue by Segment
Forward Guidance
Sabre's fourth quarter and full year 2024 outlook includes revenue of approximately $715 million for Q4 and $3.03 billion for the full year. Adjusted EBITDA is expected to be around $115 million for Q4 and $515 million for the full year. Free cash flow is projected to be greater than $80 million for Q4 and positive for the full year.
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...