Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 251

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 251
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590,051 Selling, general and administrative140,475 149,386 399,595 433,468 Operating income93,625 57,841 274,154 195,758 Interest expense, net(111,312)(113,126)(332,346)(341,435)Loss on extinguishment of debt— — (85,182)(37,994)Equity method income377 430 1,780 1,859 Other, net6,929 (327)6,432 (863)Loss from continuing operations before income taxes(10,381)(55,182)(135,162)(182,675)(Benefit) provision for income taxes(58,546)7,236 21,068 16,564 Income (loss) from continuing operations$48,165 $(62,418)$(156,230)$(199,239)

Three Months Ended September 30, 2025 and 2024 

Revenue

 Three Months Ended September 30,   20252024Change (Amounts in thousands)  Revenue $715,183 $691,300 $23,883 3 %

Revenue increased $24 million, or 3%, for the three months ended September 30, 2025 compared to the same period in the prior year, primarily due to:

•a $24 million, or 4% increase in distribution revenue driven by a $16 million increase in transaction-based revenue primarily due to a 3% increase in direct billable bookings to 95 million and favorable travel supplier mix and rate impacts as well as an $8 million increase in product-based revenue; and 

•a $2 million increase in IT solutions revenue as a result of volume growth, offset by a $2 million decrease in license fee revenue recognized in the prior year.

28

Cost of revenue, excluding technology costs

 Three Months Ended September 30,   20252024Change (Amounts in thousands)  Cost of revenue, excluding technology costs$313,074 $294,656 $18,418 6 %

Cost of revenue, excluding technology costs, increased $18 million, or 6% for the three months ended September 30, 2025 compared to the same period in the prior year primarily due to a $19 million increase in incentive consideration primarily due to an increase in rates, transaction mix and volume.