NASDAQ$SABR
Sabre Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Sabre's third quarter results were announced, highlighting improvements in bookings, commercial activity, and new innovations with Google.
Sabre's Q3 2020 revenue totaled $278 million, a significant decrease from $1 billion in Q3 2019. The company reported a net loss attributable to common stockholders of $312 million, or $1.07 per share, compared to a net income of $64 million, or $0.23 per share in the prior year. Adjusted EPS totaled ($0.82). The results were negatively impacted by the COVID-19 pandemic, partially offset by cost-saving measures.
- Bookings growth steadily improved from the previous quarter, exceeding industry growth by 19 percentage points.
- IT Solutions revenue exceeded Distribution revenue for the second consecutive quarter.
- Hospitality bookings continued to lead the travel industry's improvement.
- Sabre and Google are developing an Artificial Intelligence (AI)-driven technology platform and smart retailing engine.
Headline financials
Revenue & EPS history
Sabre · Revenue · Quarterly
$278M
Revenue by segment
Sabre · $282M total across 2 segments · Q3 2020
- Distribution$237M-74.2%84.1%
- IT Solutions$44.9M-40.0%15.9%
Forward guidance
Sabre expects to operate at a more profitable cost structure after recovery from the COVID-19 pandemic, with an additional $75 million in annual cost savings starting in 2024 due to technology transformation and contract renegotiations.
Tailwinds
- Steady improvement in bookings is expected.
- Annual costs reduced by $200 million.
- Technology transformation to unlock $75 million in annual cost savings.
- Migration to Google Cloud Platform expected to drive cost savings.
- Renegotiated DXC contract to further reduce costs.
Headwinds
- COVID-19 pandemic may persist longer than expected.
- Uncertainty in the travel industry due to the pandemic.
- Potential impact on business and results of operations.
- Challenges in maintaining system integrity and infrastructure.
- Risks associated with reliance on third parties for IT services.
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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