Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 88

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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mounts in thousands)  Cost of revenue, excluding technology costs$914,899 $880,706 $34,193 4 %

Cost of revenue, excluding technology costs, increased $34 million, or 4%, for the nine months ended September 30, 2025 compared to the same period in the prior year, primarily due to a $35 million increase in incentive consideration due to an increase in rates and transaction mix.

Technology Costs

 Nine Months Ended September 30, 20252024Change (Amounts in thousands)  Technology costs$515,810 $590,051 $(74,241)(13)%

Technology costs decreased $74 million, or 13%, for the nine months ended September 30, 2025 compared to the same period in the prior year due to a $55 million decrease in labor and professional services primarily due to the cost reduction plan we implemented in prior periods and a reduction in variable-based compensation, a $16 million decrease in hosting costs due to cost savings related to our cloud migrations, and a $3 million decrease in depreciation and amortization primarily due to the completion of amortization of certain capitalized internal use software.

30

Selling, General and Administrative Expenses 

 Nine Months Ended September 30, 20252024Change (Amounts in thousands)  Selling, general and administrative$399,595 $433,468 $(33,873)(8)%

Selling, general and administrative expenses decreased $34 million, or 8%, for the nine months ended September 30, 2025 compared to the same period in the prior year primarily due to a $12 million decrease in tax litigation reserves as a result of final settlement, a $10 million decrease in indirect taxes, a $7 million decrease primarily due to a sales tax refund in 2025 related to prior tax periods, a $6 million decrease due to savings related to our cloud migration, and a $1 million decrease in other ongoing business expenses. These decreases were partially offset by a $6 million increase in labor and professional services primarily to support our growth initiatives, partially offset by a reduction in variable-based compensation.

Interest expense, net

 Nine Months Ended September 30,   20252024Change (Amounts in thousands)  Interest expense, net$332,346 $341,435 $(9,089)3 %

Interest expense decreased $