Sabre reports third quarter 2026 results

Item 2.02 Results of Operations and Financial Condition.

On November 5, 2026, Sabre Corporation ("Sabre") issued a press release and will hold a conference call regarding its financial results for the quarter ended September 30, 2026.¹ A copy of the press release is attached as Exhibit 99.1.

The information in this Item 2.02 of Form 8-K and the attached exhibit shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Sabre makes reference to non-GAAP financial measures in the press release. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number Description

99.1 Press Release dated November 5 , 2026.²

104 Cover Page Interactive Data File - formatted as Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Sabre Corporation

Dated: November 5, 2026 By: /s/ Michael Randolfi

Name: Michael Randolfi

Title: Executive Vice President and Chief Financial Officer

Sabre reports third quarter 2026 results

Raises full year 2026 Pro Forma Adjusted EBITDA and Free Cash Flow guidance

Business Highlights:

• Delivered third quarter revenue growth of 3% in line with guidance, and exceeded third quarter Pro Forma Adjusted EBITDA guidance, reflecting continued execution of growth strategies and effective cost management

• Reaffirmed 2026 full-year guidance for low-to-mid-single-digit growth in both revenue and air marketplace bookings

• Increased full-year 2026 Pro Forma Adjusted EBITDA and Free Cash Flow guidance for the second consecutive quarter

• Completed successful debt refinancing, at a lower interest rate, extending certain maturities to 2032, with no large maturities until the third quarter of 2029

• Generated 14% hotel-related revenue growth in the third quarter of 2026, reflecting continued momentum in Sabre's lodging and media business

• Secured Kenya Airways as a new Airline Technology customer, who selected Sabre to modernize its core reservations and retailing platform and advanced offer-and-order based retailing

Third Quarter 2026 Financial Results:

• Net loss attributable to common stockholders of $25 million

1

SOUTHLAKE, Texas – November 5, 2026 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended September 30, 2026.

"Sabre delivered strong third-quarter results, reflecting continued execution of our strategy and growing momentum across our business. We achieved our fifth consecutive quarter of double-digit year-on-year growth in Normalized Adjusted EBITDA and, for the second consecutive quarter, we are raising our full-year 2026 guidance for Pro Forma Adjusted EBITDA and Free Cash Flow," said Kurt Ekert, president and CEO.

Ekert continued, "We are seeing expanded profitability as we drive consistent revenue growth, coupled with disciplined cost management. Looking ahead, we are confident in our ability to achieve our increased full-year 2026 guidance and expect to generate positive free cash flow in 2027, providing greater financial flexibility to capitalize on the opportunities ahead and drive long-term shareholder value."

Q3 2026 Financial Summary

Third quarter revenue totaled $738 million, compared to $715 million in the third quarter of 2025.

• Marketplace revenue increased by $19 million, or 3%, to $594 million, driven by a $14 million increase in transaction-based revenue primarily due to favorable rate impacts and a $5 million increase in product-based revenue.

◦ Total Marketplace bookings, net of cancellations, were 95 million, roughly flat compared to the third quarter of 2025.

◦ Average booking fee totaled $6.24, an increase of approximately 3% from third quarter 2025.

• Airline Technology revenue increased by $5 million, or 3%, to $144 million, driven primarily by a $2 million increase attributable to volume growth and a $3 million increase in other revenue.

Operating income totaled $109 million versus $94 million in the third quarter of 2025. The increase in operating income was driven by the increase in revenue described above and a decrease in indirect taxes, partially offset by an increase in incentives, increased technology costs associated with higher transaction volumes, and higher labor and professional services costs driven by a reduction in variable based compensation in the prior year.

Loss from continuing operations totaled $26 million, versus income of $48 million in the third quarter of 2025. Loss from continuing operations in the third quarter of 2026 is attributed to a 2 decrease in the benefit for income taxes, an increase in other, net and an increase in interest expense, net, partially offset by the increase in operating income described above.

Loss attributable to common stockholders totaled $25 million, versus income of $849 million in the third quarter of 2025. The increase in loss attributable to common stockholders in the third quarter of 2026 was primarily driven by a decrease in income from discontinued operations, net of tax, related to the sale of Hospitality Solutions in the prior year and the loss from continuing operations described above.

Normalized Adjusted EBITDA (1) was $170 million, up 13% year-on-year, an improvement versus Normalized Adjusted EBITDA (1) of $150 million in the third quarter of 2025. The improvement in Normalized Adjusted EBITDA (1) was driven by the items impacting revenue described above, partially offset by an increased incentive expense.

With regard to Sabre's third quarter 2026 cash flows (versus prior year):

• Cash used in operating activities totaled $25 million (vs. $34 million provided by)

• Cash used in investing activities totaled $22 million (vs. $20 million)

• Cash provided by financing activities totaled $37 million (vs. $839 million used in)

• Capitalized expenditures totaled $23 million (vs. $20 million)

Free Cash Flow (1) was negative $48 million, compared