Travel Network revenue rose 0.7%, with bookings growth of 0.9%
Airline Solutions revenue increased 3.4%
Hospitality Solutions revenue grew 8.1%
Net income attributable to common stockholders totaled $27.8 million and diluted net income attributable to common stockholders per share (EPS) totaled $0.10
Adjusted EPS totaled $0.24
Cash provided by operating activities totaled $105.7 million
Raised full-year 2019 earnings guidance
SOUTHLAKE, Texas – August 1, 2019– Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended June 30, 2019.
"Sabre is a global technology leader in retailing, distribution and fulfillment to the $1.7 trillion travel marketplace. Our business model is underpinned by long-term contracts, renewal rates of well over 90% and revenue streams that are tied to travel volumes, which have proven resilient across economic cycles," said Sean Menke, President and CEO. "I'm pleased to report solid second quarter performance that was supported by our business model and commercial wins. The second quarter of 2019 marked the sixth consecutive quarter of strong gains in our GDS share. We grew bookings 8% in our home region of North America. At Airline Solutions, we saw a 15% increase in AirVision and AirCentre commercial and operations revenue in the quarter. Our broad set of SaaS airline solutions continues to gain momentum following our efforts over the past two years and has contributed to our ability to contract approximately 75% of our current Airline Solutions revenue base through 2023. At Hospitality Solutions, we have exceeded sales targets for the fourth quarter in a row and grew revenue 8% year-over-year in the quarter."
"We are accelerating innovations to differentiate versus our competitors. This includes the roll-out of Sabre Red 360 and new lodging innovations, including a significant expansion of properties available through our GDS supported by our partnerships with Booking.com and Expedia Affiliate Network. We recently launched the new Sabre Virtual Payments platform,
The following information was filed by Sabre Corp (SABR) on Thursday, August 1, 2019 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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Form Type: 10-Q Quarterly Report Accession Number: 0001597033-19-000092 Submitted to the SEC: Thu Aug 01 2019 12:34:59 PM EST Accepted by the SEC: Thu Aug 01 2019 Period: Sunday, June 30, 2019 Industry: Computer Programming Data Processing