Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 83

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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)(124,747)Loss on extinguishment of debt— (37,994)Equity method income665 960 Other, net3,776 (4,477)Loss from continuing operations before income taxes(21,514)(68,173)(Benefit) provision for income taxes(57,062)2,932 Loss from continuing operations$35,548 $(71,105)

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Three Months Ended March 31, 2025 and 2024 

Revenue

 Three Months Ended March 31,   20252024Change (Amounts in thousands)  Travel Solutions$702,126 $713,633 $(11,507)(2)%Hospitality Solutions85,209 78,819 6,390 8 %Total segment revenue787,335 792,452 (5,117)(1)%Eliminations(10,718)(9,566)(1,152)12 %Total revenue$776,617 $782,886 $(6,269)(1)%

Travel Solutions—Revenue decreased $12 million, or 2%, for the three months ended March 31, 2025 compared to the same period in the prior year, primarily due to:

•a $3 million, or 1% decrease in transaction-based distribution revenue primarily due to a 2% decrease in direct billable bookings to 96 million, partially offset by favorable rate impacts; and

•an $8 million, or 6% decrease in IT solutions revenue driven by 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.

Hospitality Solutions—Revenue increased $6 million, or 8%, for the three months ended March 31, 2025 compared to the same period in the prior year. The increase was primarily driven by a $5 million increase in SynXis Software and Services revenue due to an increase in transaction volumes of 6% to 31 million driven by growth in our existing customer base as well as 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