NASDAQ$SABR

Sabre Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported solid financial results with revenue growth and margin expansion, driving double-digit improvements in Adjusted EBITDA and positive free cash flow.

Sabre reported a 3% increase in revenue to $765 million, driven by positive performance in both Travel Solutions and Hospitality Solutions. Operating income increased to $70 million, with a net loss attributable to common stockholders of $63 million, or $0.16 per share. The company generated positive free cash flow and saw improvements in Adjusted EBITDA.

  • Accelerated air distribution bookings in Q3, driving 5% growth in Distribution revenue.
  • Generated cash from operations of $28 million and achieved positive free cash flow for Q3.
  • Launched SabreMosaicTM, a next-generation offer-and-order platform, and announced key commercial partnerships.
  • Expanded and renewed partnerships with large customers, including Delta, WestJet, TAP Air Portugal, and AirSerbia.

Headline financials

Total Revenue

$765M

Previous: $740M+3.3%
EPS

-$0.16

Previous: -$0.06-166.7%
Total Bookings

92.8M

Previous: 89.0M+4.3%
Air Bookings

78.6M

Previous: 76.1M+3.4%
Lodging, Ground & Sea

14.1M

Previous: 13.4M+5.5%
Average Booking Fee

$5.94

Previous: $5.87+1.2%
Capital Expenditures

-$68.1M

Previous: -$20.4M-233.3%
Free Cash Flow

-$131M

Previous: -$229M+42.8%
Net Income

-$62.8M

Previous: -$208M+69.8%
Operating Income

$70.1M

Previous: $52.2M+34.3%
Gross Profit

$442M

Previous: $446M-0.9%
Cash & Equivalents

$669M

Previous: $602M+11.2%
Total Assets

$4.69B

Previous: $4.74B-1.0%
Stock-Based Comp

$14.6M

Previous: $13.1M+11.8%

Revenue & EPS history

Sabre · Revenue · Quarterly

$765M

Q3 2024+3.3%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Sabre · $751M total across 2 segments · Q3 2023

  • Distribution
    $672M+11.3%
  • IT Solutions
    $79M+17.0%

Forward guidance

Sabre's fourth quarter and full year 2024 outlook includes revenue of approximately $715 million for Q4 and $3.03 billion for the full year. Adjusted EBITDA is expected to be around $115 million for Q4 and $515 million for the full year. Free cash flow is projected to be greater than $80 million for Q4 and positive for the full year.

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 2024

Historical avgQ3 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro