Sabre (SABR) Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Sabre Corporation matched Wall Street expectations in Q1 2026, posting adjusted EPS of $0.06 in line with the consensus estimate while revenue of $760.33 million reflected a 2.1% decline year over year, though the company's internal narrative centere… Read more Sabre Corporation matched Wall Street expectations in Q1 2026, posting adjusted EPS of $0.06 in line with the consensus estimate while revenue of $760.33 million reflected a 2.1% decline year over year, though the company's internal narrative centered on stronger operational momentum beneath that headline figure. The primary driver of the quarter was a 9% jump in Marketplace revenue to $618.01 million, fueled by a 5% rise in total bookings to 101 million and a 3% increase in average booking fee to $6.10, with air distribution bookings growth that management described as the highest rate in over two years. Normalized adjusted EBITDA climbed 21% to $169.09 million, expanding margin to 22.2% from 19.9%, even as free cash flow remained deeply negative at $155.39 million. Geopolitical pressures, particularly the Middle East conflict and elevated fuel prices, are weighing on near-term bookings, though management reaffirmed full-year pro forma adjusted EBITDA guidance of approximately $585 million and expects gradual recovery through summer and fall to support low-to-mid-single-digit annual bookings growth.