Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 165

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 165
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 resources. Benefit expenses, facility and lease costs and associated depreciation expense are allocated to the segments based on headcount. Unallocated corporate costs include certain shared expenses such as accounting, finance, human resources, legal, corporate systems, amortization of acquired intangible assets, impairment and related charges, stock-based compensation, restructuring charges, legal reserves and other items not identifiable with one of our segments.We account for significant intersegment transactions as if the transactions were with third parties, that is, at estimated current market prices. The majority of the intersegment revenues and cost of revenues are fees charged by Travel Solutions to Hospitality Solutions for hotel stays booked through our GDS.Segment information for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands): Year Ended December 31, 2024 Travel SolutionsHospitality SolutionsEliminationsTotalRevenue:Revenue from external customers$2,702,746 $326,819 $— $3,029,565 Intersegment revenue42,098 — (42,098)— Total revenue2,744,844 326,819 (42,098)3,029,565 Less(1):Segment cost of revenue, excluding technology costs(2)$1,128,971 $145,020 $(42,098)$1,231,893 Segment technology costs(3)675,716 99,937 — 775,653 Segment selling, general and administrative(4)238,187 43,829 — 282,016 Other segment adjustments(5)(2,606)— — (2,606)Segment adjusted EBITDA$704,576 $38,033 $— $742,609 

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 Year Ended December 31, 2023 Travel SolutionsHospitality SolutionsEliminationsTotalRevenue:Revenue from external customers$2,603,569 $304,169 $— $2,907,738 Intersegment revenue38,508 — (38,508)— Total revenue2,642,077 304,169 (38,508)2,907,738 Less(1):Segment cost of revenue, excluding technology costs(2)$1,038,628 $146,820 $(38,508)$1,146,940 Segment technology costs(3)811,417 98,826 — 910,243 Segment selling