Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 310

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 7
Chunk 310
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 activities. 

(6) Indirect tax matters represents charges associated with certain digital services taxes ("DST") related to historical periods, which may ultimately be settled in cash, and certain foreign non-income tax litigation matters. See detailed disclosures regarding these matters included in the Liquidity and Capital Resources and Risk Factors sections as well as Note 12. Contingencies, to our consolidated financial statements.

(7) The tax impact of adjustments includes the tax effect of each separate adjustment based on the statutory tax rate for the jurisdiction(s) in which the adjustment was taxable or deductible, and the tax effect of items that relate to tax specific financial transactions, tax law changes, uncertain tax positions, valuation allowances and other items. 

(8) The adjusted diluted weighted-average common shares outstanding calculation excludes 12 million of dilutive stock options and restricted stock awards for the three months ended March 31, 2025, as their effect would be anti-dilutive given the adjusted net loss from continuing operations incurred in the period.

Results of Operations

The following table sets forth our consolidated statements of operations data for each of the periods presented:

  Three Months Ended March 31, 20252024 (Amounts in thousands)Revenue$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 Interest expense, net(129,353)(124,747)Loss on extinguishment of debt— (37,994)Equity method income665 960 Other, net3,776 (4,477)Loss from continuing operations before income taxes(21,514)(68,173)(Benefit) provision for income taxes(57,062)2,932 Loss from continuing operations$35,548 $(71,105)

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Three Months Ended March 31, 2025 and 2024 

Revenue

 Three Months Ended March 31,   20252024Change (Amounts in thousands)  Travel Solutions$702,126 $713,633 $(11,507)(2)%Hospitality Solutions85,209 78,819 6,390 8 %Total segment revenue787,335 792,452 (5,117)(1)%Eliminations(10,718)(9,566)(1,152)12