EarningsQ2 2026 Earnings Report
GB:0A21 Q2 2026 EPS Results
Actual EPS-€0.15
Consensus EPS-€0.04
Beat/MissMissed by -€0.11
One Year Ago EPS-€0.02
GB:0A21 Q2 2026 Revenue Results
Actual Revenue€633.91M
Expected Revenue€620.94M
Beat/MissBeat by +€12.96M
YoY Revenue Growth+3.61%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
GB:0A21 Upcoming Earnings
Sabre's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
GB:0A21 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: revenue and normalized adjusted EBITDA beat expectations, margins expanded, Q2 free cash flow turned positive, management raised pro forma adjusted EBITDA guidance to ~$600M and improved the full‑year free cash flow outlook. Growth drivers include Marketplace (payments, media), lodging acceleration, Payment Suite expansion, NDC adoption, Airline Technology wins, and clear early leadership in Agentic AI with growing developer engagement. Offsetting these positives are persistent macro and geopolitical headwinds (Middle East conflict and higher fuel costs estimated to have reduced bookings by ~300–400 bps), modest near‑term bookings growth (+1% in Q2 and cautious H2 guidance), quarter‑to‑quarter variability in Airline Technology revenue, increased near‑term technology investment and interest costs, and one‑time restructuring charges (~$60M) keeping full‑year free cash flow negative. Overall, highlights materially outweigh the lowlights given the beat, raised guidance, and strategic progress.Company Guidance
Revenue Growth Above Expectations
Total revenue of $712 million in Q2, up 4% year‑over‑year, exceeding guidance of flat to nominal growth.
Strong EBITDA and Margin Expansion
Normalized adjusted EBITDA of $151 million, up 19% year‑over‑year; adjusted EBITDA margin expanded by 272 basis points to 21.2%.
Positive Free Cash Flow and Improved Full‑Year Outlook
Q2 free cash flow turned positive at $10 million. Full‑year free cash flow guidance improved to approximately negative $65 million (from −$70M), with pro forma adjusted EBITDA guidance increased to approximately $600 million.
Marketplace and Unit Economics Strength
Marketplace revenue increased $31 million (+6% year‑over‑year) driven by a 1.5% increase in distribution bookings and a 4% increase in average booking fee (including payments and media growth). Gross margin was 57.1%, at the high end of the 56%–57% range.
Lodging and Payments Momentum
Hotel‑related revenue accelerated to +11% year‑over‑year; hotel attach rate improved to ~35%. Payment Suite gross spend exceeded $6 billion in Q2 (up >30% year‑over‑year) and is >$25 billion on an annualized basis.
Air Distribution Bookings Outperformance vs. Peers
Air distribution bookings grew 1% in Q2 and Sabre reported that since late 2025 its rate of bookings growth has outpaced the broader industry by approximately 600 basis points (6 percentage points).
Product and Commercial Wins; Airline Technology Momentum
Airline Technology revenue was $135 million in Q2 (in line with expectations) and management reiterated Y/Y growth for 2026 and expectations of $140–$150 million per quarter in Q3/Q4. A notable African carrier selected Sabre; recent wins include Hawaiian and Lao Airlines.
Agentic AI Leadership and Developer Engagement
Doubled active pilot/production partners for Agentic AI from 30 to 60 in Q2; deployed Model Context Protocol (MCP) Server with a global enterprise loyalty/travel company; hosted a hackathon with >400 developers submitting >100 projects demonstrating adoption of Agentic APIs and platform capabilities.
Balance Sheet and Liquidity Actions
Ended Q2 with $697 million cash balance. Extended AR securitization facility through September 2029 and have no debt maturities until 2029 after recent refinancing activities.
GB:0A21 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed