2023-05-04 08:03:00 ET
- Sabre press release ( NASDAQ: SABR ): Q1 Non-GAAP EPS of -$0.18 beats by $0.05 .
- Revenue of $743M (+27.0% Y/Y) beats by $12.57M .
- Adjusted EBITDA totaled $58M.
- Ended the quarter with cash balance of $838M.
- Guidance : Second quarter 2023 Free Cash Flow guidance consists of the expected second quarter 2023 cash used by operating activities of $50 million to $70 million, including $20 million to $30 million for cash restructuring, less additions to property and equipment of approximately $10 million, Revenue of ~$700M vs. consensus of $719.16M.
- Cash payments for restructuring are expected to be $20 million to $30 million in the second quarter of 2023, $20 million to $30 million in the second half of 2023 and approximately $50 million in the full year 2023.
- FY23, Revenue of $2.8B to $3.0B vs. consensus of $2.95B; Adjusted EBITDA of $300M to $320M.
For further details see:
Sabre beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook