NASDAQ$SABR

Sabre Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 financial results, highlighting volume and financial improvements.

Sabre's first quarter revenue totaled $585 million, up from $327 million in the first quarter of 2021. Net income attributable to common stockholders was $42 million, or $0.12 per share, compared to a net loss of $266 million, or $0.84 per share in the first quarter of 2021.

  • The global travel recovery accelerated each month since January and broadened geographically
  • Corporate and international travel rebounded sharply, driving improved mix and increased revenue per booking
  • Closed the previously-announced agreement to sell AirCentre airline operations portfolio to CAE for $392 million, supporting the streamlining of the product portfolio and creating greater focus on maximizing new revenue opportunities
  • The technology transformation, including mainframe offload and migration to Google Cloud, moved forward and remained solidly on track to reach stated goals by the end of 2024

Headline financials

Total Revenue

$585M

Previous: $327M+78.6%
EPS (adj)

-$0.29

Previous: -$0.72+59.7%
Total Bookings

65.0K

Previous: 38.9K+66.9%
Air Bookings

57.5K

Previous: 35.3K+63.1%
Lodging, Ground & Sea

7.4K

Previous: 3.7K+103.3%
Passengers Boarded

129.2K

Previous: 75.2K+71.8%
Average Booking Fee

$5.28

No prior period
Capital Expenditures

-$17.4M

Previous: -$6.44M-170.4%
Free Cash Flow

$30M

Previous: -$267M+111.2%
Net Income

$47.4M

Previous: -$261M+118.2%
Operating Income

-$79.5M

Previous: -$203M+60.7%
Gross Profit

$362M

Previous: $181M+100.2%
Cash & Equivalents

$1.19B

Previous: $1.28B-7.7%
Total Assets

$5.31B

Previous: $5.83B-8.8%
Stock-Based Comp

$27.6M

Previous: $24.4M+13.0%

Revenue & EPS history

Sabre · Revenue · Quarterly

$585M

Q1 2022+78.6%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Sabre · $590M total across 2 segments · Q1 2022

  • Distribution
    $534M+84.8%
  • IT Solutions
    $56M+33.3%

Forward guidance

Sabre's full-year 2022 outlook summarized below is a reiteration of the outlook detailed in our fourth quarter and full year 2021 earnings presentation.

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 2022

Historical avgQ1 2022

+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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