Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 47

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
 the three and nine months ended September 30, 2025 and presented within the operating activities section of the statement of cash flows. Service charges under the TSA were approximately $20 million for the three and nine months ended September 30, 2025 and cash receipts related to the TSA charges were approximately $13 million for the three and nine months ended September 30, 2025. Under the TSA, we also collect funds and make payments on behalf of Hospitality Solutions. These net receipts or payments are presented as Net Receipts (Payments) on Behalf under TSA within the financing activities section of the statement of cash flows. Additionally, at the time of sale, Hospitality Solutions entered into certain long-term agreements with us to continue to utilize our global distribution system ("GDS") for bookings which generates revenue for us. Consideration received under these revenue agreements has been assessed and determined to be at fair value. Revenue earned and cash received since the closing of the Hospitality Solutions Sale related to these agreements was approximately $11 million and $3 million, respectively for both the three and nine months ended September 30, 2025. Historically, Travel Solutions recognized inter-segment revenue for bookings generated by our Hospitality Solutions business. Revenue that was previously eliminated but is now in our results of continuing operations was immaterial for the three months ended September 30, 2025 and $11 million for the three months ended September 30, 2024, and totaled $35 million and $31 million for the nine months ended September 30, 2025 and 2024, respectively.The following table presents the major categories of income from discontinued operations related to the Hospitality Solutions business (in thousands):

8

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue$2,106 $83,998 $174,317 $246,054 Cost of revenue, excluding technology costs513 38,184 83,923 115,321 Technology costs— 21,867 41,991 62,792 Selling, general and administrative— 11,659 26,986 34,631 Operating income1,593 12,288 21,417 33,310 Other expense:Interest expense, net(2,732)(14,545)(42,070)(40,276)Loss on extinguishment of debt(13,519)— (13,519)— Other, net821