Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 83

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
 $687,149 $695,050 $(7,901)(1)%

Revenue decreased $8 million, or 1%, for the three months ended June 30, 2025 compared to the same period in the prior year, primarily due to:

•a $5 million, or 1% decrease in transaction-based distribution revenue primarily due to a 1% decrease in direct billable bookings to 90 million; and

•a $3 million, or 2% decrease in IT solutions revenue driven by an $8 million decrease due to the impact of de-migrations from carriers who de-migrated prior to 2024. We expect revenue growth for IT solutions beginning in the third quarter of 2025 following the anniversary of the impact of these de-migrations on our revenue. This decrease was partially offset by a $3 million increase in license fee revenue and a $2 million increase in volume growth.

Cost of revenue, excluding technology costs

 Three Months Ended June 30,   20252024Change (Amounts in thousands)  Cost of revenue, excluding technology costs$296,354 $293,340 $3,014 1 %

28

Cost of revenue, excluding technology costs, increased $3 million, or 1% for the three months ended June 30, 2025 compared to the same period in the prior year primarily due to a $3 million increase in incentive consideration primarily due to an increase in rates and transaction mix.

Technology Costs

 Three Months Ended June 30, 20252024Change (Amounts in thousands)  Technology costs$172,494 $199,050 $(26,556)(13)%

Technology costs decreased $27 million, or 13%, for the three months ended June 30, 2025 compared to the same period in the prior year. The decrease was driven by a $21 million decrease in labor and professional services primarily due to the cost reduction plan we implemented in prior periods and a $6 million decrease in hosting costs due to cost savings related to our cloud migrations.

Selling, General and Administrative Expenses 

 Three Months Ended June 30, 20252024Change (Amounts in thousands)  Selling, general and administrative$129,167 $153,938 $(24,771)(16)%

Selling, general and administrative expenses decreased $25 million, or 16%, for the