Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 312

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 7
Chunk 312
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, or 3% for the three months ended March 31, 2025 compared to the same period in the prior year due to an increase in costs associated with increased transaction volumes and the mix of our revenue transactions.

Technology Costs

 Three Months Ended March 31, 20252024Change (Amounts in thousands)  Travel Solutions$154,590 $176,920 $(22,330)(13)%Hospitality Solutions24,691 23,227 1,464 6 %Total segment technology costs179,281 200,147 (20,866)(10)%Corporate 4,811 6,828 (2,017)(30)%Depreciation and amortization12,135 15,316 $(3,181)(21)%Total technology costs$196,227 $222,291 $(26,064)(12)%

Travel Solutions—Technology costs decreased $22 million, or 13% for the three months ended March 31, 2025 compared to the same period in the prior year. The decrease was primarily driven by an $11 million decrease in technology costs due to 

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savings related to our cloud migrations and a $12 million decrease in labor and professional services driven by the cost reduction plan we implemented in prior periods.

Hospitality Solutions—Technology costs increased $1 million, or 6%, for the three months ended March 31, 2025 compared to the same period in the prior year due to a $1 million increase in labor and professional services to support growth in the business.

Corporate—Technology costs decreased $2 million, or 30%, for the three months ended March 31, 2025 compared to the same period in the prior year due to a $2 million decrease in labor and professional services costs driven by the cost reduction plan we implemented in prior periods.

Depreciation and Amortization—Technology costs decreased $3 million, or 21%, for the three months ended March 31, 2025 compared to the same period in the prior year primarily due to the completion of amortization of certain capitalized internal use software.

Selling, General and Administrative Expenses 

 Three Months Ended March 31, 20252024Change (Amounts in thousands)  Travel Solutions$62,200 $60,514 $1,686 3 %Hospitality Solutions11,523 10,762 761 7 %Total segment