Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 316

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 7
Chunk 316
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 of TSA income, net, associated with the Hospitality Solutions disposition and a $1 million decrease in realized and unrealized foreign currency exchange losses in the current period, partially offset by a fair value gain from our investments in securities of $2 million recognized in the prior year period and a $3 million change in other non-operating expense from prior year. See Note 9. Fair Value Measurements for further details regarding our investments in securities. 

Provision for Income Taxes

29

 Three Months Ended September 30,  20252024Change (Amounts in thousands)  (Benefit) provision for income taxes$(58,546)$7,236 $(65,782)(909)%

For the three months ended September 30, 2025, we recognized $59 million of income tax benefit for continuing operations, compared to an income tax expense of $7 million for the three months ended September 30, 2024. The effective tax rate for the three months ended September 30, 2025 represents the rate expected for the year applied to year to date earnings before tax and the impact of certain discrete items in the quarter. The effective tax rate is primarily impacted by changes in the valuation allowance, tax permanent differences and tax credits. The difference between our effective tax rates and the U.S. federal statutory income tax rate primarily results from the impact of changes in the valuation allowance, our geographic mix of taxable income in various tax jurisdictions, tax permanent differences and tax credits.

Nine Months Ended September 30, 2025 and 2024

Revenue

 Nine Months Ended September 30,   20252024Change (Amounts in thousands)  Revenue $2,104,458 $2,099,983 $4,475 — %

Revenue increased $4 million for the nine months ended September 30, 2025 compared to the same period in the prior year, primarily due to:

•a $16 million, or 1%, increase in distribution revenue driven by a $22 million increase in product-based revenue, partially offset by a $6 million decrease in transaction-based revenue primarily due to a reduction in volume and unfavorable rate impacts; partially offset by

•a $12 million, or 3%, decrease in IT solutions revenue driven by a $15 million decrease due to the impact of de-migrations from carriers who de-migrated prior to 2024, partially offset by a $2 million increase in volume growth