NASDAQ$SABR

Sabre Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Experienced improvements in volume metrics and financial performance, and raised 2022 financial guidance.

Sabre's Q2 2022 revenue totaled $658 million, with a net loss attributable to common stockholders of $193 million, and an adjusted EPS of ($0.25). The company has raised its 2022 financial guidance, expecting higher revenue and Adjusted EBITDA.

  • Air bookings recovery accelerated in all four major global regions each month during the quarter.
  • Corporate and international travel continued to rebound, driving improved mix and higher than expected revenue per booking.
  • Technology transformation, including mainframe offload and cloud migration, moved forward and remained solidly on track to reach stated long-term cost savings goals.
  • Ended the quarter with a cash balance of $1.0 billion.

Headline financials

Total Revenue

$658M

Previous: $420M+56.7%
EPS (adj)

-$0.25

Previous: -$0.52+51.9%
Total Bookings

81.0M

Previous: 56.8M+42.5%
Air Bookings

69.8M

Previous: 51.1M+36.6%
Passengers Boarded

160.2M

Previous: 103.7M+54.6%
Average Booking Fee

$5.35

No prior period
Capital Expenditures

-$16M

Previous: -$10.8M-47.9%
Free Cash Flow

-$203M

Previous: -$257M+20.8%
Net Income

-$187M

Previous: -$246M+23.8%
Operating Income

-$70.2M

Previous: -$180M+61.1%
Gross Profit

$383M

Previous: $240M+59.8%
Cash & Equivalents

$992M

Previous: $1.12B-11.6%
Total Assets

$5.18B

Previous: $5.61B-7.7%
Stock-Based Comp

$26.1M

Previous: $29.5M-11.4%

Revenue & EPS history

Sabre · Revenue · Quarterly

$658M

Q2 2022+56.7%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Sabre · $665M total across 2 segments · Q2 2022

  • Distribution
    $599M+60.6%
  • IT Solutions
    $66M+29.4%

Forward guidance

Sabre expects higher revenue and Adjusted EBITDA across each of the bookings recovery scenarios.

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 Q2 2022

Historical avgQ2 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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