NASDAQ$SABR

Sabre Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported third quarter results with revenue increase driven by recovery from COVID-19 pandemic and technology transformation milestones achieved.

Sabre's third quarter revenue totaled $663 million, an increase of 50% compared to the third quarter of 2021. The company's bookings continued to improve, with September gross air bookings at the highest monthly rate of recovery vs. 2019 levels since the pandemic began. The company's net loss attributable to common stockholders was $141 million, and adjusted EPS totaled ($0.25).

  • September gross air bookings at the highest monthly rate of recovery vs. 2019 levels since the pandemic began in March 2020
  • International travel continued to rebound, driving improved mix and higher revenue per booking
  • Execution remains on track for the technology transformation, including mainframe offload and cloud migration, for the long-term cost savings and operational objectives
  • Ended the quarter with cash balance of $804 million

Headline financials

Total Revenue

$663M

Previous: $441M+50.4%
EPS (adj)

-$0.25

Previous: -$0.50+50.0%
Total Bookings

80.1M

Previous: 53.5M+49.7%
Air Bookings

68.8M

Previous: 46.8M+47.1%
Lodging, Ground & Sea

11.3M

No prior period
Capital Expenditures

-$20.1M

Previous: -$13.2M-52.6%
Free Cash Flow

-$155M

Previous: -$248M+37.4%
Net Income

-$135M

Previous: -$235M+42.5%
Operating Income

-$56.5M

Previous: -$157M+63.9%
Gross Profit

$389M

Previous: $270M+44.3%
Cash & Equivalents

$783M

Previous: $1.02B-23.5%
Total Assets

$5.02B

Previous: $5.44B-7.8%
Stock-Based Comp

$16.3M

Previous: $32.2M-49.3%

Revenue & EPS history

Sabre · Revenue · Quarterly

$663M

Q3 2022+50.4%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Sabre · $671M total across 2 segments · Q3 2022

  • Distribution
    $604M+54.8%
  • IT Solutions
    $67.5M+22.7%

Forward guidance

Sabre expects to be free cash flow positive in the fourth quarter of 2022 and in 2023, and annually thereafter. Sabre's full-year 2022 revenue outlook remains unchanged.

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 2022

Historical avgQ3 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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