- Sabre press release ( NASDAQ: SABR ): Q3 Non-GAAP EPS of -$0.25 in-line.
- Revenue of $663.93M (+50.5% Y/Y) misses by $25.58M .
- Sabre's bookings continued to improve with September gross air bookings at the highest monthly rate of recovery vs. 2019 levels since the pandemic began in March 2020
- International travel continued to rebound, driving improved mix and higher revenue per booking
- Execution remains on track for the technology transformation, including mainframe offload and cloud migration, for the long-term cost savings and operational objective
- Ended the quarter with cash balance of $804 million
- Adjusted EBITDA totaled $34 million
- FY outlook: Adjusted EBITDA ~$90M
For further details see:
Sabre Non-GAAP EPS of -$0.25 in-line, revenue of $663.93M misses by $25.58M