Company: SABR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001597033-25-000090
Chunk: 184

Company: Sabre Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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,634 Selling, general and administrative129,167 153,938 259,120 284,082 Operating income89,134 48,722 180,529 137,917 Interest expense, net(111,244)(116,428)(221,034)(228,309)Loss on extinguishment of debt(85,182)— (85,182)(37,994)Equity method income738 469 1,403 1,429 Other, net(3,202)3,426 (497)(536)Loss from continuing operations before income taxes(109,756)(63,811)(124,781)(127,493)Provision for income taxes91,262 5,920 79,614 9,328 Loss from continuing operations$(201,018)$(69,731)$(204,395)$(136,821)

Three Months Ended June 30, 2025 and 2024 

Revenue

 Three Months Ended June 30,   20252024Change (Amounts in thousands)  Revenue $687,149 $695,050 $(7,901)(1)%

Revenue decreased $8 million, or 1%, for the three months ended June 30, 2025 compared to the same period in the prior year, primarily due to:

•a $5 million, or 1% decrease in transaction-based distribution revenue primarily due to a 1% decrease in direct billable bookings to 90 million; and

•a $3 million, or 2% decrease in IT solutions revenue driven by an $8 million decrease due to the impact of de-migrations from carriers who de-migrated prior to 2024. We expect revenue growth for IT solutions beginning in the third quarter of 2025 following the anniversary of the impact of these de-migrations on our revenue. This decrease was partially offset by a $3 million increase in license fee revenue and a $2 million increase in volume growth.

Cost of revenue, excluding technology costs

 Three Months Ended June 30,   20252024Change (Amounts in thousands)  Cost of revenue, excluding technology costs$296,354 $293,340 $3,014 1 %

28

Cost of revenue, excluding technology costs, increased $3 million, or 1% for the three months ended June 30, 2025 compared to the