Sabre Corp 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period endedMarch31, 2025☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF1934 Sabre Corporation Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to file Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-acceleratedfiler If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of May 1, 2025,387,806,562shares of the registrant’s common stock, par value $0.01 per share, were outstanding. PART I. FINANCIAL INFORMATION Item1.Financial Statements:Consolidated Statements of Operations for the ThreeMonths EndedMarch31, 2025and 2024Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2025 and PART II. OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem5.Other InformationItem6.Exhibits We may use our website, our LinkedIn account and our X account (@Sabre_Corp) as additional means of disclosing information to the public.The information disclosed through those channels may be considered to be material and may not be otherwise disseminated by us, so weencourage investors to review our website, LinkedIn and X account. The contents of our website or social media channels referenced herein SABRE CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share amounts) SABRE CORPORATIONCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT 1.General Information Sabre Corporation is a Delaware corporation formed in December 2006. On March30, 2007, Sabre Corporation acquired SabreHoldings Corporation (“Sabre Holdings”). Sabre Holdings is the sole direct subsidiary of Sabre Corporation. SabreGLBL Inc. (“Sabre GLBL”)is the principal operating subsidiary and sole direct subsidiary of Sabre Holdings. SabreGLBL or its direct or indirect subsidiaries conduct all ofour businesses. In these consolidated financial statements, references to “Sabre,” the “Company,” “we,” “our,” “ours” and “us” refer to Sabre Basis of Presentation—The accompanying unaudited consolidated financial statements have been prepared in accordance withgenerally accepted accounting principles in the United States (“GAAP”) for interim financial information. Accordingly, they do not include all ofthe information and footnotes required by GAAP for complete financial statements. In the opinion of management, these financial statementscontain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and We consolidate all majority-owned subsidiaries and companies over which we exercise control through majority voting rights. Noentities are consolidated due to control through operating agreements, financing agreements or as the primary beneficiary of a variable The consolidated financial statements include our accounts after elimination of all significant intercompany balances and transactions.All dollar amounts in the financial statements and the tables in the notes, except per share amounts, are stated in thousands of U.S. dollars Use of Estimates—The preparation of these interim financial statements in conformity with GAAP requires that certain amounts berecorded based on estimates and assumptions made by management. Actual results could differ from these estimates and assumptions. Ouraccounting policies that utilize significant estimates and assumptions include: (i) estimation for revenue recognition and multiple performanceobligation arrangements, (ii) the evaluation of the recoverability of the carrying value of intangible assets and goodwill, (iii) the evaluation of Recent Accounting Pronouncements In December 2023, the Financial Accounting Standard