Sabre third quarter revenue increased 7.7% to $970.3 million
Travel Network revenue rose 10.7%; bookings grew 7.7%
Airline Solutions revenue increased 1.1%
Hospitality Solutions revenue grew 3.1%
Cash provided by operating activities increased 9.2% to $194.4 million
Raised full-year 2018 revenue and earnings guidance
SOUTHLAKE, Texas – October 30, 2018 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended September 30, 2018.
"Today, I am pleased to report solid third quarter results that provide continued evidence of growing momentum behind our strategic and commercial initiatives. We continue to build on our efforts of the past 18 months and are focused on growing our position as a global technology leader serving the large and growing travel industry. We benefit from a transaction-driven business model with recurring revenue driven by continued volume growth at our customers across the travel ecosystem," said Sean Menke, Sabre president and CEO. "The Sabre team is highly engaged, and I want to thank all of them for their continued effort. I'm seeing progress on all fronts, from platform development and cloud migration, to innovation and customer engagement. We are partnering closely with our customers and winning in the marketplace, as evidenced by our third quarter air booking share gain of over two points. With our third quarter outperformance and consistent expectations for the fourth quarter, we believe we are well positioned to deliver strong full-year financial results. Because of this, we are raising full-year 2018 guidance."
Q3 2018 Financial Summary
Sabre consolidated third quarter revenue increased 7.7% to $970.3 million, compared to $900.6 million in the year ago period.
Net income attributable to common stockholders totaled $73.0 million, a decrease of 19.8% from $91.0 million in the third quarter of 2017. Third quarter operating income was $136.8
The following information was filed by Sabre Corp (SABR) on Tuesday, October 30, 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.
View differences made from one quarter to another to evaluate Sabre Corp's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Sabre Corp.
Form Type: 10-Q Quarterly Report Accession Number: 0001597033-18-000153 Submitted to the SEC: Tue Oct 30 2018 12:34:01 PM EST Accepted by the SEC: Tue Oct 30 2018 Period: Sunday, September 30, 2018 Industry: Computer Programming Data Processing