Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 186

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 186
---
 new customer deployments and a favorable mix within our customer base.

Cost of revenue, excluding technology costs

 Three Months Ended March 31,   20252024Change (Amounts in thousands)  Travel Solutions$301,572 $288,850 $12,722 4 %Hospitality Solutions37,539 36,559 980 3 %Eliminations(10,718)(9,566)(1,152)12 %Total segment cost of revenue, excluding technology costs328,393 315,843 12,550 4 %Corporate650 47 603 1,283 %Depreciation and amortization4,667 5,204 (537)(10)%Total cost of revenue, excluding technology costs$333,710 $321,094 $12,616 4 %

Travel Solutions—Cost of revenue, excluding technology costs, increased $13 million, or 4%, for the three months ended March 31, 2025 compared to the same period in the prior year driven by a $13 million increase in incentive consideration primarily due to an increase in rates and transaction mix. 

Hospitality Solutions—Cost of revenue, excluding technology costs, increased $1 million, or 3% for the three months ended March 31, 2025 compared to the same period in the prior year due to an increase in costs associated with increased transaction volumes and the mix of our revenue transactions.

Technology Costs

 Three Months Ended March 31, 20252024Change (Amounts in thousands)  Travel Solutions$154,590 $176,920 $(22,330)(13)%Hospitality Solutions24,691 23,227 1,464 6 %Total segment technology costs179,281 200,147 (20,866)(10)%Corporate 4,811 6,828 (2,017)(30)%Depreciation and amortization12,135 15,316 $(3,181)(21)%Total technology costs$196,227 $222,291 $(26,064)(12)%

Travel Solutions—Technology costs decreased $22 million, or 13% for the three months ended March 31, 2025 compared to the same period in the prior year. The decrease was primarily driven by an $11 million decrease in technology costs due to 

30

savings related to our cloud migrations and a $12 million