Sabre's Q3 2025 results reflect solid operational performance with a 3% revenue growth and significant progress in air distribution bookings, driven by strategic initiatives and improving market conditions.

• Total distribution bookings increased 3% YoY, with air distribution bookings up over 2%, bolstered by a strong performance in September.
• Normalized adjusted EBITDA grew 23%, leading to an improved margin of 21%, demonstrating effective expense management.
• The company expects to reduce net leverage by approximately 50% by the end of 2025 compared to year-end 2023, showcasing continued focus on deleveraging.
• Sabre introduced AI-driven enhancements, including agentic APIs and the Continuous Revenue Optimizer, enhancing its competitive positioning in the travel industry.
• Hotel distribution bookings grew 6%, with substantial progress in new agency partnerships and NDC integrations.