Sabre Non-GAAP EPS of -$0.20 beats by $0.11, revenue of $657.53M beats by $7.82M

Aug. 02, 2022 8:05 AM ETSabre Corporation (SABR)By: Deepa Sarvaiya, SA News Editor8 Comments
  • Sabre press release (NASDAQ:SABR): Q2 Non-GAAP EPS of -$0.20 beats by $0.11.
  • Revenue of $657.53M (+56.7% Y/Y) beats by $7.82M.
  • Adjusted EBITDA was $24 million, versus Adjusted EBITDA of negative $70 million in the second quarter of 2021
  • Air bookings recovery accelerated in all four major global regions each month during the quarter
  • Corporate and international travel continued to rebound, driving improved mix and higher than expected revenue per booking
  • The technology transformation, including mainframe offload and cloud migration, moved forward and remained solidly on track to reach stated long-term cost savings goals
  • Ended the quarter with cash balance of $1.0 billion
  • Outlook:
  • Full-year Adjusted EBITDA guidance consists of (1) full-year expected net income attributable to common stockholders adjusted for the estimated impact of loss from discontinued operations, net of tax, of approximately $2 million; net income attributable to noncontrolling interests of approximately $4 million; preferred stock dividends of approximately $20 million; acquisition-related amortization of approximately $50 million; stock-based compensation expense of approximately $100 million; other net benefit due to gains on sale of assets and foreign exchange gains and losses, partially offset by other costs including litigation, acquisition-related costs, restructuring and other costs, and loss on debt extinguishment of $110 million; and the tax benefit from the above adjustments of approximately $2 million, less (2) the impact of depreciation and amortization of property and equipment and amortization of capitalized implementation costs of approximately $135 million; interest expense, net of approximately $285 million; and benefit from income taxes less tax impact of net income adjustments of approximately $1 million.
  • Form 8-K
  • Shares +7% PM.

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