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Sabre

Sabre (SABR) Q2 2026 Earnings

Reported Aug 6, 2026 at 7:41 AM ET · SEC Source

Q2 26 EPS Adjusted

$-0.17

MISS 142.86%

Est. $-0.07

Q2 26 Revenue

$712.0M

BEAT +2.09%

Est. $697.4M

vs S&P Since Q2 26

-2.5%

TRAILING MARKET

SABR -2.0% vs S&P +0.5%

Market Reaction

Did SABR Beat Earnings? Q2 2026 Results

Sabre Corporation delivered a mixed second quarter for 2026, posting revenue of $711.96 million, up 3.6% year-over-year and edging past the $697.40 million consensus estimate by 2.09%, while its adjusted loss per share of $0.17 fell well short of the… Read more Sabre Corporation delivered a mixed second quarter for 2026, posting revenue of $711.96 million, up 3.6% year-over-year and edging past the $697.40 million consensus estimate by 2.09%, while its adjusted loss per share of $0.17 fell well short of the $0.07 loss analysts had expected, a miss of 142.86%. The earnings shortfall was driven largely by an unfavorable swing in tax impacts tied to non-GAAP adjustments, which pushed per-share losses wider even as the underlying business showed operational momentum. Adjusted EBITDA climbed 21% to $142.98 million, and operating cash flow turned decisively positive to $36.15 million from negative $217.88 million a year ago, reflecting meaningful cost discipline through the company's inflation offset program. Net debt also declined to $3.81 billion from $4.74 billion. Looking ahead, Sabre raised its full-year 2026 Pro Forma Adjusted EBITDA guidance to approximately $600 million and improved its Free Cash Flow outlook to approximately negative $65 million, reaffirming low-to-mid-single-digit revenue growth for the year.

Key Takeaways

  • • Marketplace revenue grew 6% driven by growth in air bookings and booking fees
  • • Average booking fee increased approximately 4% to $6.30
  • • Hotel-related revenue grew 11%
  • • Total Marketplace bookings increased approximately 1% to 92 million
  • • Inflation offset program reduced labor and professional services costs
  • • Normalized Adjusted EBITDA margin expanded to 21.2% from 18.5%

SABR Forward Guidance & Outlook

Sabre raised its full-year 2026 guidance for Pro Forma Adjusted EBITDA to approximately $600 million (up 12% YoY) and Free Cash Flow to approximately negative $65 million. Full-year revenue and air distribution bookings guidance were reaffirmed at low-to-mid-single-digit YoY growth. For Q3 2026, the company expects flat to low-single-digit YoY growth in air distribution bookings and revenue, with Pro Forma Adjusted EBITDA of approximately $155 million (up 3% YoY). For Q4 2026, revenue is expected to grow at low-to-mid-single-digit YoY rates, with Pro Forma Adjusted EBITDA of approximately $125 million (up 5% YoY). Full-year expected net loss from continuing operations is approximately $133 million, with interest expense of approximately $497 million.

24/7 Wall St

SABR YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

SABR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“Sabre delivered a strong second quarter, exceeding our expectations for both revenue and Normalized Adjusted EBITDA growth while generating positive free cash flow. Despite the impact of the conflict in the Middle East and higher fuel prices on global travel demand, we grew revenue by 4% and Normalized Adjusted EBITDA by 19% in the quarter. Since the start of the year, we believe our performance has outpaced the broader industry, reflecting disciplined execution of our strategy.”

— Kurt Ekert, Q2 2026 Earnings Press Release

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