Sabre reports second quarter 2018 results

Second quarter revenue increased 9.3%
Travel Network revenue rose 13.2%, with bookings growth of 7.6%
Airline Solutions revenue decreased 2.4%
Hospitality Solutions revenue grew 10.4%
Net income attributable to common stockholders increased to $92.2 million and operating income increased to $138.8 million
Diluted net income attributable to common stockholders per share (EPS) increased to $0.33
Adjusted Operating Income decreased 0.3% to $172.0 million
Adjusted EPS grew 5.7% to $0.37
Cash provided by operating activities decreased 5.3% to $146.6 million
Maintained full-year 2018 guidance

SOUTHLAKE, Texas – July 31, 2018 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended June 30, 2018.

"Over the past eighteen months, we've significantly strengthened our position as a trusted and innovative technology partner, while reinforcing our commitment to leading in next-generation technology across retailing, distribution and fulfillment across all channels. Our momentum is growing, and the second quarter was continued evidence of our progress," said Sean Menke, Sabre president and CEO. "The macro global travel environment was supportive, and as a leader at the center of the business of travel, we benefitted. We saw strong share gain at Travel Network and wrapped up large implementations including SabreSonic at LATAM and the SynXis Central Reservation System at Wyndham, the world's largest hotelier. The resulting strong second quarter results give us confidence in our full-year outlook and long-term business trajectory."


The following information was filed by Sabre Corp (SABR) on Tuesday, July 31, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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