NASDAQ$SABR

Sabre Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Sabre's Q4 2023 financial results were announced, demonstrating significant improvements in revenue, operating income, and adjusted EBITDA compared to the same quarter of the previous year.

Sabre Corporation reported a 9% increase in revenue for Q4 2023, reaching $687 million, driven by growth in global air, hotel, and other travel bookings. The company's operating income improved significantly, and it achieved $96 million in Adjusted EBITDA. However, the company still reported a net loss attributable to common stockholders of $96 million, or $0.26 per share.

  • Revenue increased by 9% to $687 million, driven by global air, hotel, and other travel bookings.
  • Operating income improved to $37 million, compared to an operating loss of $55 million in Q4 2022.
  • Net loss attributable to common stockholders improved to $96 million, versus a net loss of $165 million in Q4 2022.
  • Adjusted EBITDA increased significantly to $96 million, compared to $1 million in Q4 2022.

Headline financials

Total Revenue

$687M

Previous: $631M+8.9%
EPS (adj)

-$0.12

Previous: -$0.36+66.7%
Total Bookings

78.2K

Previous: 76.0K+2.8%
Air Bookings

65.3K

Previous: 64.7K+0.9%
Lodging, Ground & Sea

12.9K

Previous: 11.3K+13.8%
Passengers Boarded

173.1K

Previous: 168.2K+2.9%
Capital Expenditures

-$18.8M

Previous: $16M-217.4%
Net Income

-$96M

Previous: -$165M+41.8%
Operating Income

$37M

Previous: -$55M+167.3%
Gross Profit

$178M

Previous: $90M+97.2%
R&D Expense

$237M

No prior period
Stock-Based Comp

$13.2M

Previous: $12.8M+3.0%

Revenue & EPS history

Sabre · Revenue · Quarterly

$687M

Q4 2023+8.9%vs Q4 2022
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 first quarter and full-year 2024 outlook is summarized as follows: Q1 2024 Revenue ~$750M Adjusted EBITDA ~$115M Free Cash Flow ~($100M)*impacted by Q1 seasonality FY 2024 Revenue ~$3.0B Adjusted EBITDA >$500M Free Cash Flow ~($100M) *impacted by Q1 seasonality

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 Q4 2023

Historical avgQ4 2023

+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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