Company: SABR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001597033-25-000061
Chunk: 251

Company: Sabre Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 251
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 selling, general and administrative expenses73,723 71,276 2,447 3 %Corporate 56,575 56,501 74 — %Depreciation and amortization12,984 13,640 $(656)(5)%Total selling, general and administrative expenses$143,282 $141,417 $1,865 1 %

Travel Solutions—Selling, general and administrative expenses increased $2 million, or 3%, for the three months ended March 31, 2025 compared to the same period in the prior year due to a $4 million increase in labor and professional services to support our growth initiatives and a $2 million increase in other ongoing business expenses, partially offset by a $5 million decrease in the provision for credit losses.

Hospitality Solutions—Selling, general and administrative expenses increased $1 million or 7%, for the three months ended March 31, 2025 compared to the same period in the prior year primarily due to a $2 million increase in the provision for credit losses, offset by a $1 million decrease in other ongoing business expenses.

Corporate—Selling, general and administrative expenses for the three months ended March 31, 2025 decreased by $8 million primarily due to a decrease in tax expenses as a result of a sales tax refund in 2025 related to prior tax periods, offset by an $8 million increase in labor and professional services primarily due to the reversal of certain employee related accruals and severance cost accruals in the prior year associated with the cost reduction plan we implemented in prior periods.

Interest expense, net Three Months Ended March 31, 20252024Change (Amounts in thousands)  Interest expense, net$(129,353)$(124,747)$(4,606)4 %                    

Interest expense increased $5 million, or 4%, during the three months ended March 31, 2025 compared to the same period in the prior year primarily due to higher interest incurred in connection with our debt. See Note 6. Debt for further details.

Loss on extinguishment of debt

We recognized a loss on extinguishment of debt of $38 million for the three months ended March 31, 2024 as a result of the financing activity that occurred in the first quarter of 2024. See Note 6. Debt for further details. 

Other, net Three Months Ended