Steady Year-on-Year Revenue Growth
Sabre reported steady year-on-year revenue growth with a 19% increase in adjusted EBITDA compared to the previous year and continued margin expansion.
Air Distribution and Hotel Distribution Growth
Sabre experienced significant growth in Air Distribution bookings, outperforming the industry by more than 3% year-on-year. Hotel distribution bookings also grew by high single digits.
Record Hospitality Solutions Revenue
Hospitality Solutions revenue increased to $84 million, a 7% year-on-year improvement, marking the highest quarterly revenue in segment history.
Successful Implementation of SabreMosaic
SabreMosaic, a new AI-powered technology platform, has been well-received, with Virgin Australia and Riyadh Air as new clients adopting the platform.
Positive Free Cash Flow
The company achieved positive free cash flow, a key strategic priority, and aims to generate more than $80 million of free cash flow in Q4.