SABR) today announced financial results for the quarter ended
Business highlights:
Reported strong financial performance that exceeded prior Q1 guidance; raising full-year 2024 revenue and Adjusted EBITDA outlook
Generated
Hyatt implementation to the SynXis platform on schedule with first bookings expected in Q2
Expanded and renewed partnerships with large customer partners including
LATAM,
Refinanced over
million; plan to repay remaining 2025 maturities using balance sheet cash
Ended the quarter with cash balance of
First quarter revenue totaled
Net loss attributable to common stockholders of
Adjusted EBITDA(1) of
'Sabre delivered strong first quarter results that exceeded expectations. Solid revenue growth, efficiency improvements, and further progress on our technology transformation drove significant margin expansion this quarter. Sabre is becoming the preferred provider of intelligent retailing and next-generation distribution technology solutions - with both new and existing customers,' said
With regards to Sabre's first quarter 2024 cash flows (versus prior year):
Cash used in operating activities totaled
Cash used in investing activities totaled
Cash provided by financing activities totaled
Capitalized expenditures totaled
Free Cash Flow(1) was negative
first quarter of 2023.
Financial Highlights
https://investors.sabre.com/static-files/6a9abdcf-f36e-4382-aad8-612a8a06aff4
(C) 2024 Electronic News Publishing, source