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Sabre (GB:0A21)
LSE:0A21
UK Market

Sabre (0A21) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 05, 2026
Before Open (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
-0.03
Last Year’s EPS
0
Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 18, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed cautious optimism: Sabre demonstrated clear operational and financial progress — double-digit normalized adjusted EBITDA growth, margin expansion, meaningful deleveraging (paid down >$1B of debt and reduced net leverage ~25%), a strong cash balance, accelerating product initiatives (Agentic APIs, MCP server), notable partnerships (PayPal, MindTrip, Virgin Australia), robust payments growth (>35% gross spend growth), and constructive guidance for mid-single-digit volume and revenue growth in 2026–2027. Near-term headwinds include a one-time restructuring charge driving a negative free cash flow in 2026, a materially higher cash interest profile (~$470M in 2026), gross margin pressure from mix and FX, and some disruption from exogenous events (e.g., government shutdown) that temporarily suppressed Q4 air bookings versus prior guidance. On balance, the company’s positives — operational momentum, product/AI positioning, deleveraging, and guidance for improving metrics and return to positive free cash flow in 2027 — outweigh the near-term financial and macro-related challenges.
Company Guidance
Sabre guided to mid-single-digit volume growth in 2026 (and again in 2027) driving mid-single-digit revenue growth, with IT Solutions revenue also expected to grow mid-single-digits and run about $140–$150M per quarter (back‑half weighted); they expect pro forma gross margin of 56–57% and pro forma adjusted EBITDA of ~ $585M in 2026, roughly $80M of annual CapEx, approximately $470M of cash interest (up ~$140M YoY), and total restructuring costs of ~ $65M (including a $51M charge in 2025 and ~ $60M of cash outflows in 2026) that contribute to 2026 free cash flow of about negative $70M (near breakeven excluding restructuring), with Q1 2026 expected to deliver mid‑single‑digit volume and revenue growth, gross margin at the low end of the 56–57% range, and pro forma adjusted EBITDA of ~ $130M; management also expects to keep pro forma adjusted technology roughly flat (low‑single‑digit increase for volume) and pro forma adjusted SG&A down a low single digit through an inflation‑offset program.
Normalized Adjusted EBITDA Growth
Full-year 2025 normalized adjusted EBITDA grew 10% year-over-year to $536,000,000, with normalized adjusted EBITDA margin expanding ~166 basis points to 19%. Fourth-quarter 2025 normalized adjusted EBITDA was $119,000,000, up 10% year-over-year, with margin expanding ~107 basis points to 18%.
Deleveraging and Strong Cash Position
Paid off over $1,000,000,000 of debt in 2025, reducing pro forma net leverage by approximately 25% versus year-end 2024. Ended the year with $910,000,000 in cash (including $98,000,000 restricted).
Positive Pro Forma Free Cash Flow for 2025 and Q4 Improvement
Full-year 2025 pro forma free cash flow was $57,000,000. Fourth-quarter pro forma free cash flow was $116,000,000, a year-over-year increase of $45,000,000.
Revenue and Distribution Momentum
Full-year 2025 revenue was $2,800,000,000, up 1% year-over-year. Q4 revenue rose 3% year-over-year. Total distribution bookings grew 1% for the year, air distribution bookings showed sequential strength (Q4 air bookings +4% YoY; December +7%), and company expects mid-single-digit volume growth for 2026 and 2027.
Hotel and Payments Growth
Hotel distribution bookings increased 5% year-over-year to 42,000,000, with air-to-hotel attachment rate up over 130 basis points YoY. Gross hotel booking value exceeded $20,000,000,000 annually. Sabre Payments gross spend grew more than 35% year-over-year, driving strong revenue growth.
AI and Product Leadership — Agentic APIs & Partnerships
Launched industry-first Agentic APIs and a proprietary MCP server; first-mover advantage with production deployments. Announced strategic partnerships (PayPal, MindTrip, Virgin Australia, Bistrep) to deliver end-to-end agentic travel experiences and showcased a pipeline of AI use cases.
NDC and Low-Cost Carrier (LCC) Expansion
Added 15 live NDC integrations in 2025, bringing the total to 42 live integrations. NDC represented ~4% of total air distribution bookings at year-end and management expects accelerating adoption in 2026. Launched multisource LCC solution, contributing to distribution wins.
Capital Structure Improvements and Refinance
Completed two refinancings in 2025 that pushed large maturities out to 2029 and beyond (over 90% of debt maturing 2029+), improving maturity profile and providing runway to invest in growth initiatives.

Sabre (GB:0A21) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

GB:0A21 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 05, 2026
2026 (Q1)
-0.03 / -
0
Feb 18, 2026
2025 (Q4)
-0.06 / >-0.01
-0.06887.50% (+0.06)
Nov 05, 2025
2025 (Q3)
0.04 / >-0.01
-0.03475.00% (+0.03)
Aug 07, 2025
2025 (Q2)
>-0.01 / -0.02
-0.04260.00% (+0.03)
May 07, 2025
2025 (Q1)
<0.01 / 0.00
-0.017
Feb 20, 2025
2024 (Q4)
-0.09 / -0.07
-0.10233.33% (+0.03)
Oct 31, 2024
2024 (Q3)
-0.04 / -0.03
-0.05133.33% (+0.02)
Aug 01, 2024
2024 (Q2)
-0.07 / -0.04
-0.14470.59% (+0.10)
May 02, 2024
2024 (Q1)
-0.05 / -0.02
-0.15388.89% (+0.14)
Feb 15, 2024
2023 (Q4)
-0.12 / -0.10
-0.30566.67% (+0.20)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

FAQ

When does Sabre (GB:0A21) report earnings?
Sabre (GB:0A21) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
    What is Sabre (GB:0A21) earnings time?
    Sabre (GB:0A21) earnings time is at May 05, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Sabre stock?
          The P/E ratio of Sabre is N/A.
            What is GB:0A21 EPS forecast?
            GB:0A21 EPS forecast for the fiscal quarter 2026 (Q1) is -0.03.