Sabre Tops Q2 Estimates and Lifts Full-Year EBITDA, Cash Flow Outlook
SABR has more than doubled off its 52-week low of $0.81.
Summary
Sabre Corp reported Q2 2026 revenue of $712M and Normalized Adjusted EBITDA of $151M, exceeding guidance. The company raised full-year 2026 Pro Forma Adjusted EBITDA and Free Cash Flow guidance, driven by marketplace growth and cost management.
Key Events · Earnings and Guidance · SABR
-
Q2 Revenue and EBITDA Beat
Revenue of $712M (+4% YoY) and Normalized Adjusted EBITDA of $151M (+19% YoY) exceeded guidance, driven by 6% marketplace revenue growth and cost discipline.
-
Full-Year Guidance Raised
2026 Pro Forma Adjusted EBITDA guidance raised to ~$600M (+12% YoY) and Free Cash Flow to ~($65M), reflecting improved profitability and cash generation.
-
Positive Free Cash Flow Inflection
Q2 Free Cash Flow turned positive at $10M vs. negative $240M in Q2 2025, marking a key milestone in the company's turnaround.
-
Net Loss Narrows Sharply
Net loss attributable to common stockholders improved to $36M from $256M in Q2 2025, driven by higher operating income and lower debt extinguishment costs.
Analysis · SABR · Technology
A strong second quarter saw Sabre post revenue of $712M and adjusted EBITDA of $143M, both ahead of consensus. The company raised its full-year 2026 guidance for Pro Forma Adjusted EBITDA to ~$600M and Free Cash Flow to ~($65M), underscoring improving profitability and cash generation. Although a net loss of $36M was recorded, the swing to positive free cash flow of $10M from negative $240M a year ago marks a critical inflection point. The results and raised outlook reinforce the turnaround narrative, though high debt remains a risk.
At the time of this filing, SABR was trading at $2.27 on NASDAQ in the Technology sector, with a market capitalization of approximately $838.1M. The 52-week trading range was $0.81 to $3.09. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.