Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 187

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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30, 2025 and 2024 

Revenue

 Three Months Ended September 30,   20252024Change (Amounts in thousands)  Revenue $715,183 $691,300 $23,883 3 %

Revenue increased $24 million, or 3%, for the three months ended September 30, 2025 compared to the same period in the prior year, primarily due to:

•a $24 million, or 4% increase in distribution revenue driven by a $16 million increase in transaction-based revenue primarily due to a 3% increase in direct billable bookings to 95 million and favorable travel supplier mix and rate impacts as well as an $8 million increase in product-based revenue; and 

•a $2 million increase in IT solutions revenue as a result of volume growth, offset by a $2 million decrease in license fee revenue recognized in the prior year.

28

Cost of revenue, excluding technology costs

 Three Months Ended September 30,   20252024Change (Amounts in thousands)  Cost of revenue, excluding technology costs$313,074 $294,656 $18,418 6 %

Cost of revenue, excluding technology costs, increased $18 million, or 6% for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to a $19 million increase in incentive consideration primarily due to an increase in rates, transaction mix and volume.

Technology Costs

 Three Months Ended September 30, 20252024Change (Amounts in thousands)  Technology costs$168,009 $189,417 $(21,408)(11)%

Technology costs decreased $21 million, or 11%, for the three months ended September 30, 2025 compared to the same period in the prior year driven by a $20 million decrease in labor and professional services primarily due to a reduction in variable-based compensation and the cost reduction plan we implemented in prior periods.

Selling, General and Administrative Expenses 

 Three Months Ended September 30, 20252024Change (Amounts in thousands)  Selling, general and administrative$140,475 $149,386 $(8,911)(6)%

Selling, general and administrative expenses decreased $9 million, or 6%, for the three months ended September 30, 2025 compared to the same