Slide 1: Q1 2026 Earnings Report
Q1 2026 May 7, 2026 Earnings Report ®
Slide 2: Forward-looking statements
Forward - looking statements Forward - looking Statements Certain statements herein are forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1 995. These forward - looking statements include, without limitation, statements about trends, future events, un
Slide 3: Today's presenters
Today’s presenters Kurt Ekert Mike Randolfi Garry Wiseman President and Chief Executive Officer Chief Financial Officer President, Product & Engineering 3 Confidential | ©2026 Sabre GLBL Inc. All rights reserved.
Slide 4: Strong Q1'26 growth
Strong Q1’26 growth Normalized Adjusted Air Distribution Revenue EBITDA Bookings +$29M +5M +$58M (+21%) (+8%) (+6%) Normalized Adjusted EBITDA is a non - GAAP measure. See slide 2 and appendix for a discussion of non - GAAP financial measures, incl uding reconciliations to the most closely correlate
Slide 5: Delivering on our strategic priorities
Delivering on our strategic priorities Generate Free Cash Flow and Delever Drive Growth through the Balance Sheet Innovation RECENT ACHIEVEMENTS RECENT ACHIEVEMENTS Achieved Q1’26 revenue growth of 8%, with strength across Highest rate of air distribution bookings growth in over both Marketplace and
Slide 6: Q1'26 business and financial results
Q1’26 business and financial results $760M $169M Revenue Normalized Adjusted EBITDA +8% YoY +21% YoY 101M 87M Total Marketplace Bookings Air Distribution Bookings +5% YoY +6% YoY 11M $13M 170M Hotel Distribution Bookings Payments Revenue Passengers Boarded +5% YoY +27% YoY +3% YoY >30% hotel attachm
Slide 7: Driving growth through innovation
Driving growth through innovation Vision: Guiding the world into the Next Age of Travel Intelligent Modern Strategic Focus Retailing & Open Marketplace Technology Commerce Cloud - Native Airline Air Lodging Payment Technology Expansion Expansion Suite Secure & Reliable Leading Portfolio Modernized I
Slide 8: Mike Randolfi, Chief Financial Officer
Mike Randolfi Chief Financial Officer Confidential | ©2026 Sabre GLBL Inc. All rights reserved.
Slide 9: Q1'26 financial highlights
Q1’26 financial highlights $760M Revenue $116M Operating Income 15.2% Operating Margin +8% YoY +27% YoY +220 bps YoY $169M Normalized Adj. EBITDA 22.2% Normalized Adj. EBITDA $665M Cash on Balance Sheet +21% YoY Margin +235 bps YoY Normalized Adjusted EBITDA and Normalized Adjusted EBITDA margin are
Slide 10: Q1'26 actual results versus guidance
Q1’26 actual results versus guidance Q1’26 Q1’26 Guidance Actual Air Distribution Bookings Mid- single - digit YoY growth 6% YoY $760M Revenue Mid- single - digit YoY growth +8% YoY $169M Pro Forma Adj. EBITDA ~$130M +21% YoY Pro Forma Adjusted EBITDA is a non - GAAP measures. See slide 2 and the ap
Slide 11: Improving balance sheet and deleveraging
Improving balance sheet and deleveraging DEBT MATURITY PROFILE DECEMBER 2024 DEBT MATURITY PROFILE $1,600 Paid off over $1B in debt in $5.2B in Gross Debt 2025 using cash on the $872 balance sheet and $657 $727 $797 proceeds from the sale of Hospitality Solutions $194 $150 $202 $23 Q1 Q2 Q3 Q4 Q1 Q2
Slide 12: FY 2026 pro forma guidance
FY 2026 pro forma guidance 1 FY’26 Previous Guidance Low - to- mid - single - digit YoY Air Distribution Bookings Mid- single - digit YoY growth growth Low - to- mid - single - digit YoY Revenue Mid- single - digit YoY growth growth Pro Forma Gross Margin 56% - 57% 56% - 57% Positive momentum in 202
Slide 13: Q2'26 pro forma guidance
Q2’26 pro forma guidance 1 Q2’26 Air Distribution Bookings Near flat YoY growth Revenue Flat - to- nominal YoY growth Pro Forma Adj. EBITDA ~$130M Pro Forma Adjusted EBITDA is a non - GAAP measures. See slide 2 and the appendix for a discussion of non - GAAP financial measures, including reconciliat
Slide 14: Thank you
Thank you
Slide 15: Appendix
Appendix Confidential | ©2026 Sabre GLBL Inc. All rights reserved.
Slide 16: Non-GAAP financial measures
Non - GAAP financial measures We have included both financial measures prepared in accordance with U .S . generally accepted accounting principles (“GAAP”) as well as certain supplemental non - GAAP financial measures, including Adjusted Net Income from continuing operations (“Adjusted Net Income”),
Slide 17: Non-GAAP financial measures
Non - GAAP financial measures Purpose and Use by Management Management and the board of directors use these non- GAAP financial measures to evaluate trends in our operating performance, assess period - to- period comparability, and support internal planning and decision - making . These measures are
Slide 18: Non-GAAP pro forma outlook
Non - GAAP pro forma outlook The non-GAAP pro forma financial outlook in this presentation, including Pro Forma Adjusted EBITDA, Pro Forma Gross Margin, Pro Forma Adjusted Technology expense, and Pro Forma Adjusted SG&A expense, is not necessarily indicative of the operating results of the Company a
Slide 19: Business and financial pro forma financial outlook
Business and financial pro forma financial outlook The Company is providing the first quarter and full year 2026 outlook included below on a pro forma basis to give effect to the sale of the Hospitality Solutions business . Pro forma adjustments include an adjustment to remove costs previously alloc
Slide 20: Tabular reconciliations for non-GAAP measures
Tabular reconciliations for non - GAAP measures Reconciliation of Income (loss) from continuing operations to Adjusted Net Income from continuing operations and Income (loss) from continuing operations to Adjusted EBITDA : (in thousands, except per share amounts ; unaudited) 20 Confidential | ©2026
Slide 21: Tabular reconciliations for non-GAAP measures
Tabular reconciliations for non - GAAP measures 21 Confidential | ©2026 Sabre GLBL Inc. All rights reserved.
Slide 22: Non-GAAP footnotes
Non - GAAP footnotes (1) Depreciation and amortization expenses: a. Acquisition - related amortization represents amortization of intangible assets from the take - private transaction in 2007 as we ll as intangibles associated with acquisitions since that date. b. Depreciation and amortization of pr