NASDAQ$SABR

Sabre Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Sabre reported first quarter results, highlighting bookings improvement despite COVID-19 impact, and progressed with NDC initiatives and technology transformation.

Sabre's first quarter revenue totaled $327 million, with a net loss of $266 million. The company saw improvements in the bookings environment, particularly in North American air bookings and global hotel bookings, and advanced its technology initiatives.

  • Bookings environment improved with a 15 percentage point sequential improvement from January to March.
  • Strongest improvement was in North American air bookings and global hotel bookings.
  • Achieved NDC Level 4 certification as an IT Provider.
  • Completed migration of Travel Solutions Agency Air Shopping to Google Cloud.

Headline financials

Total Revenue

$327M

Previous: $659M-50.3%
EPS (adj)

-$0.72

Previous: -$0.29-148.3%
Total Bookings

38.9K

Previous: 85.8K-54.6%
Air Bookings

35.3K

Previous: 72.8K-51.5%
Lodging, Ground & Sea

3.7K

Previous: 12.9K-71.7%
Passengers Boarded

75.2K

Previous: 167.4K-55.1%
Capital Expenditures

-$6.44M

Previous: -$28.4M+77.4%
Free Cash Flow

-$267M

Previous: -$241M-10.8%
Net Income

-$261M

Previous: -$213M-22.6%
Operating Income

-$203M

Previous: -$151M-33.8%
Gross Profit

$181M

Previous: $47.5M+280.8%
Cash & Equivalents

$1.28B

Previous: $684M+87.7%
Total Assets

$5.83B

Previous: $5.71B+2.1%
Stock-Based Comp

$24.4M

Previous: $17.6M+39.0%

Revenue & EPS history

Sabre · Revenue · Quarterly

$327M

Q1 2021-50.3%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Sabre · $331M total across 2 segments · Q1 2021

  • Distribution
    $289M
  • IT Solutions
    $42M-28.8%

Forward guidance

Given the ongoing magnitude and the uncertainty related to the COVID-19 pandemic and its economic effects, Sabre has not given guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.7%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+32.1%

Q4 2021

Best reaction

-32.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%-0.5%-9.8%
Q4 2025+24.0%-4.1%+40.7%
Q3 2025-0.5%-6.0%-18.5%
Q1 2025+0.0%+16.7%+12.7%
Q4 2024+22.4%+26.8%+3.2%
Q3 2024-22.4%-19.0%-4.6%
Q2 2024-8.5%-10.2%-11.1%
Q1 2024-11.0%-8.3%+7.9%
Q4 2023-32.9%-37.2%-55.1%
Q3 2023+18.0%-4.4%+8.6%
Q2 2023+30.9%+45.3%+45.5%
Q1 2023-7.1%-7.1%-12.2%
Q4 2022-16.3%-22.8%-43.7%
Q3 2022-21.5%-21.7%+4.5%
Q2 2022+18.1%+19.8%+13.7%
Q1 2022-9.3%-17.8%-25.8%
Q4 2021+32.1%+28.0%+18.7%
Q3 2021-15.2%-8.0%-22.4%
Q2 2021-4.3%+1.1%-1.9%
Q1 2021-17.3%-13.9%-5.8%
Q4 2020+2.3%+24.9%+35.9%
Q3 2020+32.0%+21.9%+64.9%
Q2 2020-3.2%+1.7%-8.2%
Q1 2020+0.1%-12.6%+54.9%
Q4 2019-24.7%-30.3%-68.4%
Q3 2019+3.2%+1.2%+1.8%
Q2 2019+6.4%+5.2%+0.6%
Q1 2019-8.6%-4.2%-10.6%
Q4 2018-0.9%-3.9%-8.3%
Q3 2018+7.8%+6.7%+13.9%
Q2 2018-6.0%-4.5%+0.5%
Q1 2018+12.8%+12.7%+18.8%
Q4 2017+18.6%+21.6%+15.8%
Q3 2017+7.7%+3.3%+9.7%
Q2 2017-8.9%-10.8%-16.7%
Q1 2017+3.2%+4.5%-3.7%
Q4 2016-12.1%-8.2%-12.9%
Q3 2016-11.1%-10.7%-3.1%
Q2 2016-9.0%-8.0%-2.9%
Q1 2016+3.4%
Q4 2015+12.3%
Q3 2015-3.0%
Q2 2015+6.3%
Q1 2015+1.3%
Q4 2012-0.8%
Q4 2014-2.4%
Q3 2013-1.4%
Q3 2014-0.5%
Q2 2013-0.7%
Q2 2014-0.7%
Q1 2014+3.4%
Q1 2013+3.4%
Q4 2013+3.4%

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