Company: SABR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049383
Chunk: 84

Company: Sabre Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 $3 million recognized in the prior year period. In addition, all periods presented include non-operating gains and losses as well as foreign exchange gains and losses related to the remeasurement of foreign currency denominated balances included in our consolidated balance sheets into the relevant functional currency.

(4) Restructuring and other costs primarily represents charges related to the Hospitality Solutions Sale in the current year period and adjustments to charges associated with the cost reduction plan we began implementing in the second quarter of 2023, in the prior year period. 

(5) Disposition-related costs represent fees and expenses incurred associated with disposition-related activities. 

(6) Litigation costs, net represent charges associated with antitrust litigation.

(7) Indirect tax matters represents charges associated with certain digital services taxes ("DST") related to historical periods, which may ultimately be settled in cash, and certain foreign non-income tax litigation matters. See detailed disclosures regarding these matters included in the Liquidity and Capital Resources and Risk Factors sections as well as Note 13. Contingencies, to our consolidated financial statements.

(8) The tax impact of adjustments includes the tax effect of each separate adjustment based on the statutory tax rate for the jurisdiction(s) in which the adjustment was taxable or deductible, and the tax effect of items that relate to tax specific financial transactions, tax law changes, uncertain tax positions, valuation allowances and other items. 

(9) The Adjusted diluted weighted-average common shares outstanding calculation excludes 1 million of dilutive stock options and restricted stock awards and approximately 33 million resulting common shares related to the Exchangeable Notes for the three months ended September 30, 2025, as their effect would be anti-dilutive given the net loss incurred in the period.

Results of Operations

The following table sets forth our consolidated statements of operations data for each of the periods presented:

  Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024 (Amounts in thousands)(Amounts in thousands)Revenue$715,183 $691,300 $2,104,458 $2,099,983 Cost of revenue, excluding technology costs313,074 294,656 914,899 880,706 Technology costs168,009 189,417 515,810 590,051 Selling, general and administrative140,475 149,386 399,595 433,468 Operating income93,625 57,841