Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 350

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 350
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 the tax effect of each separate adjustment based on the statutory tax rate for the jurisdiction(s) in which the adjustment was taxable or deductible, and the tax effect of items that relate to tax specific financial transactions, tax law changes, uncertain tax positions, valuation allowances and other items. 

Results of Operations

The following table sets forth our consolidated statement of operations data for each of the periods presented (in thousands): 

 Year Ended December 31, 202420232022Revenue$3,029,565 $2,907,738 $2,537,015 Cost of revenue, excluding technology costs1,254,739 1,189,606 1,040,819 Technology costs865,998 1,036,596 1,096,097 Selling, general and administrative622,670 634,393 661,159 Operating income (loss)286,158 47,143 (261,060)Interest expense, net(509,643)(447,878)(295,231)Loss on debt extinguishment, net (37,994)(108,577)(4,473)Equity method income2,606 2,042 686 Other, net(21,587)13,751 136,645 Loss from continuing operations before income taxes(280,460)(493,519)(423,433)(Benefit) provision for income taxes(1,777)34,729 8,666 Loss from continuing operations$(278,683)$(528,248)$(432,099)

Years Ended December 31, 2024 and 2023

Revenue

 Year Ended December 31, 20242023Change (Amounts in thousands)  Travel Solutions$2,744,844 $2,642,077 $102,767 4 %Hospitality Solutions326,819 304,169 22,650 7 %Total segment revenue3,071,663 2,946,246 125,417 4 %Eliminations(42,098)(38,508)(3,590)9 %Total revenue$3,029,565 $2,907,738 $121,827 4 %

Travel Solutions—Revenue increased $103 million, or 4%, for the year ended December 31, 2024 compared to the prior year, primarily due to: 

•a $117 million, or 6%, increase in