Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 147

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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 provide for an orderly transition and facilitate the ongoing operations of the Hospitality Solutions business following the close. Consideration received under the agreements is primarily based on actual costs incurred for each service provided. Additionally, at the time of sale, Hospitality Solutions entered into a long-term agreement with us to continue to utilize our GDS for bookings which generates revenue for us.The following table presents the major categories of income from discontinued operations related to the Hospitality Solutions business (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue$87,002 $83,238 $172,211 $162,056 Cost of revenue, excluding technology costs44,453 39,187 83,410 77,137 Technology costs21,072 20,217 41,991 40,925 Selling, general and administrative13,657 11,699 26,986 22,972 Operating income7,820 12,135 19,824 21,022 Other expense:Interest expense, net(19,776)(12,865)(39,338)(25,731)Other, net2,619 (179)3,689 (691)Total other expense, net(17,157)(13,044)(35,649)(26,422)Loss from discontinuing operations before income taxes(9,337)(909)(15,825)(5,400)Provision (benefit) for income taxes(1)46,177 (1,155)763 (1,631)Net (loss) income from discontinued operations$(55,514)$246 $(16,588)$(3,769)______________________(1) We used an intra-period tax allocation to allocate the provision for income taxes for all periods presented between continuing operations and discontinued operations. 

8

The following table presents the major classes of assets and liabilities held for sale related to the Hospitality Solutions business (in thousands):June 30, 2025December 31, 2024Assets:Accounts receivable, net$66,834 $53,377 Prepaid expenses and other current assets4,001 1,204 Current assets held for sale70,835 54,581 Property and equipment, net of accumulated depreciation25,693 14,614 Goodwill and intangibles190,556 192,156 Other assets, net28,974 29,032 Long-term