)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sabre
Sabre (SABR) investor relations material
Sabre Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Q2 2026 revenue grew 4% year-over-year to $712 million, with Normalized Adjusted EBITDA up 19% to $151 million and positive free cash flow generated.
Full-year 2026 guidance for Pro Forma Adjusted EBITDA was raised to ~$600 million and Free Cash Flow to ~$-65 million, with revenue and air distribution bookings outlook reaffirmed.
Corporate travel demand remained resilient, offsetting leisure softness, while air distribution bookings grew 1% year-over-year, outperforming the industry by 600 basis points since late 2025.
Net loss from continuing operations improved to $36 million from $201 million in Q2 2025, reflecting better operating performance.
Sale of Hospitality Solutions business completed in July 2025, with proceeds used to pay down debt and results now presented as discontinued operations.
Financial highlights
Q2 2026 revenue was $712 million (+4% YoY), with Marketplace revenue up 6% and hotel-related revenue up 11% year-over-year.
Normalized Adjusted EBITDA was $151 million (+19% YoY), margin expanded to 21.2%; Adjusted EBITDA was $143 million (+21% YoY).
Free cash flow for Q2 was $10 million, a significant turnaround from negative $240 million in Q2 2025; cash balance at quarter end was $697 million.
Gross margin reached 57.1%, at the high end of guidance.
Net loss attributable to common stockholders improved to $36 million from $256 million in Q2 2025.
Outlook and guidance
Full-year 2026 guidance for Pro Forma Adjusted EBITDA raised to ~$600 million (+12% YoY) and Free Cash Flow to ~$-65 million; revenue and air distribution bookings growth outlook reaffirmed.
Q3 and Q4 2026 Pro Forma Adjusted EBITDA expected at ~$155 million and ~$125 million, respectively.
CapEx outlook increased by $10 million for additional technology investment in H2 2026.
Full-year Free Cash Flow guidance: ~$25 million operating cash flow, less ~$90 million in capex.
Liquidity is expected to be sufficient for at least the next twelve months, with no major debt maturities until 2029.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Sabre
- AI and modular tech are reshaping travel distribution, supporting stable growth and margins.SABR
Bank of America Global Research C-Suite TMT Conference - Q1 2026 saw 8% revenue and 21% EBITDA growth, with guidance reaffirmed despite headwinds.SABRQ1 2026
- Normalized Adjusted EBITDA up 10% in 2025; AI innovation and major debt reduction drive outlook.SABRQ4 2025
- Q3 2025 saw 3% revenue growth, strong EBITDA, and major debt reduction after a key asset sale.SABRQ3 2025
- Q2 2025 revenue fell 1% as EBITDA and margins rose, debt dropped $1B+, and guidance was lowered.SABRQ2 2025
- Q2 revenue and Adjusted EBITDA beat guidance, with strong cash flow and raised outlook.SABRQ2 2024
- Q3 2024 delivered 3% revenue growth, margin expansion, and positive free cash flow.SABRQ3 2024
- Hospitality Solutions sale accelerates deleveraging as double-digit bookings growth is reaffirmed.SABRQ1 2025
- 2024 Adjusted EBITDA up 53% with 2025 guidance for >$700M and double-digit bookings growth.SABRQ4 2024
Next Sabre earnings date
Q3 20265 Nov, 2026
Sabre
Next Sabre earnings date
Q3 20265 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Intelligent software solutions for the travel industry
Sabre Corporation is a technology company that specializes in providing software solutions for the travel and tourism industry. It offers a range of products and services that help travel agencies, airlines, hotels, and other travel-related businesses streamline their operations and enhance the travel experience for customers.
Sabre operates on a business-to-business (B2B) model, providing its software solutions and services to various stakeholders in the travel industry. The company generates revenue through a combination of software license fees, transaction processing fees, and service fees. Sabre's solutions cover areas such as reservations and ticketing systems, airline and hotel distribution, revenue management, and travel agency software.
Global reach and network
Sabre has an extensive global presence and a wide network of customers in the travel industry. This allows the company to leverage its scale and relationships to offer comprehensive solutions that cater to the unique needs of different regions and market segments.
With decades of experience serving the travel industry, Sabre has deep domain knowledge and understands the specific challenges and requirements of its customers. This expertise enables the company to develop tailored solutions that address industry-specific pain points effectively.
Competitive landscape
Sabre faces competition from other technology providers in the travel industry, such as Amadeus IT Group, Travelport, and Expedia Group. The travel industry is also susceptible to economic downturns, geopolitical events, natural disasters, and pandemics. These factors can impact travel demand and customer spending, posing challenges for Sabre, just as it did during the Covid-19 pandemic.