Quarterly ResultMay 7, 2026, 07:46 AM
Sabre Q1 Revenue Up 8% to $760M; Reaffirms FY26 Guidance
AI Summary
Sabre Corporation reported strong first-quarter 2026 financial results, with revenue increasing 8% to $760 million and Normalized Adjusted EBITDA growing 21% to $169 million, exceeding its Q1 outlook. The company also achieved 6% air distribution bookings growth, the highest in over two years. Sabre reaffirmed its full-year 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow, anticipating a gradual recovery in air bookings despite near-term geopolitical impacts.
Key Highlights
- Q1 2026 revenue increased 8% year-over-year to $760 million.
- Operating income rose 27% to $116 million, with operating margin expanding to 15.2%.
- Normalized Adjusted EBITDA grew 21% to $169 million, exceeding Q1 outlook.
- Marketplace revenue increased 9% to $618 million, driven by 6% air distribution bookings growth.
- Airline Technology revenue increased 7% to $142 million.
- Reaffirmed full-year 2026 Pro Forma Adjusted EBITDA guidance of ~$585 million (+9% YoY).
- Reaffirmed full-year 2026 Free Cash Flow guidance of negative ~$70 million.
- Net income attributable to common stockholders was $8 million, down 77% due to discontinued operations.