Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 172

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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 costs include certain shared expenses such as accounting, finance, human resources, legal, corporate systems, amortization of acquired intangible assets, impairment and related charges, stock-based compensation, restructuring charges (in applicable periods), legal reserves and other items not identifiable with one of our segments.We account for significant intersegment transactions as if the transactions were with third parties, that is, at estimated current market prices. The majority of the intersegment revenues and cost of revenues are fees charged by Travel Solutions to Hospitality Solutions for hotel stays booked through our global distribution system ("GDS").

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Segment information for the three months ended March 31, 2025 and 2024 is as follows (in thousands):Three Months Ended March 31, 2025Travel SolutionsHospitality SolutionsEliminationsTotalRevenue:Revenue from external customers$691,408 $85,209 $— $776,617 Intersegment revenue10,718 — (10,718)— Total revenue702,126 85,209 (10,718)776,617 Less(1):Segment cost of revenue, excluding technology costs(2)$301,572 $37,539 $(10,718)$328,393 Segment technology costs(3)154,590 24,691 — 179,281 Segment selling, general and administrative(4)62,200 11,523 — 73,723 Other segment adjustments(5)(665)— — (665)Segment adjusted EBITDA$184,429 $11,456 $— $195,885 Three Months Ended March 31, 2024Travel SolutionsHospitality SolutionsEliminationsTotalRevenue:Revenue from external customers$704,067 $78,819 $— $782,886 Intersegment revenue9,566 — (9,566)— Total revenue713,633 78,819 (9,566)782,886 Less(1):Segment cost of revenue, excluding technology costs(2)$288,850 $36,559 $(9,566)$315,843 Segment technology costs(3)176,920 23,227 — 200,147 Segment selling, general and administrative(4)60,514 10,762 — 71,276 Other segment adjustments(5)(960)— — (960)Segment adjusted EBITDA$188,309 $8,271 $—