Sabre (SABR) Q2 2025 Earnings
Reported Aug 7, 2025 at 7:40 AM ET · SEC Source
Q2 25 EPS
$-0.02
MISS 506.06%
Est. $0.00
Q2 25 Revenue
$687.1M
MISS 4.32%
Est. $718.2M
vs S&P Since Q2 25
-0.4%
TRAILING MARKET
SABR +16.8% vs S&P +17.2%
Market Reaction
Did SABR Beat Earnings? Q2 2025 Results
Sabre delivered a disappointing second quarter, posting an adjusted loss of $0.02 per share against a consensus estimate of $0.02 profit, missing by 219.76%, as revenue slipped 1.1% year over year to $687.15 million amid softer-than-expected air dist… Read more Sabre delivered a disappointing second quarter, posting an adjusted loss of $0.02 per share against a consensus estimate of $0.02 profit, missing by 219.76%, as revenue slipped 1.1% year over year to $687.15 million amid softer-than-expected air distribution bookings. The headline numbers, however, tell only part of the story: a $85.18 million loss on debt extinguishment, tied to the company's aggressive refinancing of $1.32 billion in debt through 2030, helped widen the GAAP net loss to $256.36 million from $69.76 million a year ago. On the brighter side, operating margin expanded 6 percentage points to 13%, and Adjusted EBITDA grew 7% to $118.25 million, reflecting the benefits of cloud migration savings and prior restructuring. CEO Kurt Ekert characterized the volume pressure as transitory, and the company, buoyed by proceeds from its $1.10 billion Hospitality Solutions divestiture, now guides full-year pro forma Adjusted EBITDA of $530 million to $570 million, with an end-of-year cash balance expected to exceed $750 million. Some analysts, though, view the stock as oversold given the transformation underway.
Key Takeaways
- • Operating margin improvement of 6 percentage points YoY driven by disciplined cost management and lower technology costs from cloud migration
- • Lower labor and professional services costs from cost reduction plan implemented in prior periods
- • Decrease in tax litigation reserves
- • Decrease in technology expenses from cloud migration cost savings
- • Revenue decline driven by lower air distribution bookings and de-migrated carriers
SABR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SABR Revenue by Segment
With YoY comparisons, source: SEC Filings
“Second quarter results reflect weaker than anticipated air distribution bookings, as accelerating volumes from our growth strategies were offset by a challenging operating environment. While we anticipate that current volume pressure is transitory, we are updating our full-year outlook to reflect our latest growth assumptions.”
— Kurt Ekert, Q2 2025 Earnings Press Release
SABR Earnings Trends
SABR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SABR EPS Trend
Earnings per share: estimate vs actual
SABR Revenue Trend
Quarterly revenue: estimate vs actual
SABR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.01 | $0.06 | +700.00% | $760.3M | +3.66% |
| Q4 25 BEAT FY | $-0.05 | $-0.01 | +80.00% | $666.5M | +1.90% |
| FY Full Year | — | $-0.04 | — | $2.77B | — |
| Q3 25 MISS | $0.06 | $-0.01 | -116.00% | $715.2M | -0.02% |
| Q2 25 MISS | $0.00 | $-0.02 | -506.06% | $687.1M | -4.32% |