Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 36

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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ITEM 1. FINANCIAL STATEMENTS

SABRE CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(Unaudited) Three Months Ended March 31, 20252024Revenue $776,617 $782,886 Cost of revenue, excluding technology costs333,710 321,094 Technology costs196,227 222,291 Selling, general and administrative143,282 141,416 Operating income103,398 98,085 Other expense:Interest expense, net(129,353)(124,747)Loss on extinguishment of debt— (37,994)Equity method income665 960 Other, net3,776 (4,477)Total other expense, net(124,912)(166,258)Loss from continuing operations before income taxes(21,514)(68,173)(Benefit) provision for income taxes(57,062)2,932 Income (loss) from continuing operations35,548 (71,105)Loss from discontinued operations, net of tax— — Net income (loss)35,548 (71,105)Net income attributable to noncontrolling interests213 378 Net income (loss) attributable to common stockholders$35,335 $(71,483)Basic net income (loss) per share attributable to common stockholders:Net income (loss) per common share$0.09 $(0.19)Diluted net income (loss) per share attributable to common stockholders:  Net income (loss) per common share$0.09 $(0.19)Weighted-average common shares outstanding:  Basic386,271 379,774 Diluted455,260 379,774 

See Notes to Consolidated Financial Statements.

1

SABRE CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands)

(Unaudited)

 Three Months Ended March 31, 20252024Net income (loss)$35,548 $(71,105)Other comprehensive income, net of tax:Foreign currency translation adjustments ("CTA")2,090 (682)Retirement-related benefit plans:Net actuarial loss, net of taxes of nil in all periods(3,338)— Amortization of prior service credits, net of taxes of nil in all periods(358)(358)Amortization