Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 183

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 183
---
Adjusted EBITDA does not reflect amortization of capitalized implementation costs associated with our revenue contracts, which may require future working capital or cash needs in the future;

•Adjusted Net Loss and Adjusted EBITDA do not reflect changes in, or cash requirements for, our working capital needs;

•Adjusted EBITDA does not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our indebtedness;

•Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us;

•Free Cash Flow removes the impact of accrual-basis accounting on asset accounts and non-debt liability accounts, and does not reflect the cash requirements necessary to service the principal payments on our indebtedness; and

•other companies, including companies in our industry, may calculate Adjusted Net Loss, Adjusted EBITDA or Free Cash Flow differently, which reduces their usefulness as comparative measures.

26

The following table sets forth the reconciliation of Net loss attributable to common stockholders to Adjusted Net Loss from continuing operations and Income (loss) from continuing operations to Adjusted EBITDA (in thousands): Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Net income (loss) attributable to common stockholders$848,744 $(62,818)$627,716 $(204,061)(Income) loss from discontinued operations, net of tax(800,313)715 (783,725)4,484 Net (loss) income attributable to noncontrolling interests(1)(266)(315)(221)338 Income (loss) from continuing operations48,165 (62,418)(156,230)(199,239)Adjustments:Acquisition-related amortization(2a)7,730 8,257 23,194 24,773 Restructuring and other costs(4)3,815 (648)3,815 9,791 Loss on extinguishment of debt— — 85,182 37,994 Other, net(3)(6,929)327 (6,432)863 Disposition-related costs(5)720 1,713 1,240 2,576 Litigation costs, net(6)— 487 — 491 Indirect tax matters(7)3,915 11,138 (4,036)18,844 Stock-based compensation11,170 13,256 34,