Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 669

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 669
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,015 Intersegment revenue28,880 — (28,880)— Total revenue2,311,275 254,620 (28,880)2,537,015 Less(1):Segment cost of revenue, excluding technology costs(2)$894,556 $126,543 $(28,880)$992,219 Segment technology costs(3)846,092 110,242 — 956,334 Segment selling, general and administrative(4)247,510 47,629 — 295,139 Other segment adjustments(5)(686)— — (686)Segment adjusted EBITDA$323,803 $(29,794)$— $294,009 The following table sets forth the reconciliation of Segment adjusted EBITDA to Loss from continuing operations before income taxes in our consolidated statements of operations (in thousands):         Year Ended December 31, 202420232022Total segment adjusted EBITDA$742,609 $571,395 $294,009 Unallocated amounts and adjustments:Corporate expenses(6)(324,361)(373,534)(369,750)Depreciation and amortization(129,484)(148,676)(184,633)Interest expense, net(509,643)(447,878)(295,231)Loss on extinguishment of debt, net(37,994)(108,577)(4,473)Other, net(7)(21,587)13,751 136,645 Loss from continuing operations before income taxes$(280,460)$(493,519)$(423,433)______________________(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the Hospitality Solutions column.(2)Segment cost of revenue, excluding technology costs, incurred by Travel Solutions and Hospitality Solutions consists primarily of costs associated with the delivery and distribution of our products and services and includes employee-related costs for our delivery, customer operations and call center teams as well as allocated overhead such as facilities and other support costs. Cost of revenue, excluding technology costs, for Travel Solutions also includes incentive consideration expense representing payments or other consideration to travel agencies for reservations made on our GDS which accrue on a monthly basis and Cost of revenue, excluding technology costs, also includes amortization of upfront incentive consideration representing upfront payments or other consideration provided to travel agencies for reservations made on our GDS which are capitalized