Sabre Corporation reported a net loss of $256.5 million for the second quarter of 2025, a significant increase from a loss of $69.5 million in the same period last year. Revenue for the quarter was $687.1 million, down 1% from $695.1 million in the prior year. The decline in revenue was attributed to a decrease in transaction-based distribution revenue and IT solutions revenue, primarily impacted by de-migrations from carriers prior to 2024. Operating income, however, improved to $89.1 million compared to $48.7 million in the previous year, reflecting cost reductions in technology and administrative expenses.
The company experienced a notable change in its operational structure following the sale of its Hospitality Solutions business, which was completed on July 3, 2025, for estimated cash proceeds of $960 million to $980 million. This transaction has allowed Sabre to streamline its operations into a single reportable segment, focusing on its core travel technology services. The assets and liabilities associated with the Hospitality Solutions business are now classified as held for sale, and its operating results are presented as discontinued operations.
In terms of operational metrics, Sabre reported a slight decrease in direct billable bookings for air travel, totaling 75.5 million for the quarter, down 0.9% year-over-year. However, passengers boarded for IT solutions increased by 1.4%, indicating some resilience in that segment. The company’s cash and cash equivalents stood at $426.1 million as of June 30, 2025, a decrease from $724.5 million at the end of 2024, primarily due to cash used in operating activities and capital expenditures.
Looking ahead, Sabre anticipates revenue growth for its IT solutions beginning in the third quarter of 2025, following the anniversary of the impact from previous de-migrations. The company is also focused on managing its liquidity, especially in light of the uncertain economic environment and the leveling off of industry air distribution volume growth. Sabre has indicated that it has sufficient resources to meet its liquidity requirements over the next twelve months, but it will continue to monitor its financial position closely. The company’s strategic priorities include enhancing its technology offerings and maintaining strong relationships with travel suppliers and buyers to drive future growth.
About Sabre Corp
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