Sabre swings to 2025 profit of $525 million; Q4 net loss widens to $103 million
Sabre reported fourth-quarter and full-year 2025 results and gave 2026 guidance. Q4 revenue rose 3% to $667 million, but operating income fell 54% to $21 million and the net loss widened to $103 million, while full-year net income reached $525 million, mainly due to the gain on the Hospitality Solutions sale. Sabre expects full-year 2026 pro forma Adjusted EBITDA of about $585 million.
Key points
- Q4 2025 revenue rose 3% to $667 million, while operating income fell 54% to $21 million amid a restructuring charge and higher incentive expenses.
- Full-year 2025 net income attributable to common stockholders was $525 million, versus a loss of $279 million in 2024, driven by the gain on sale of Hospitality Solutions.
- 2026 outlook: full-year pro forma Adjusted EBITDA of about $585 million and first-quarter pro forma Adjusted EBITDA of about $130 million, with mid-single digit revenue growth expected.
- Roshan Mendis, Executive Vice President and Chief Commercial Officer, will depart in the second quarter of 2026; Shawn Williams becomes Chief Operating Officer effective February 19, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.