Unidentified Participant
Participant
Replay available
Sabre Corporation (NASDAQ: SABR) Q3 2025 earnings conference call, held 2025-11-05. Replay captured from the company's public earnings webcast.

Participant
Senior Vice President of Finance
President and Chief Executive Officer
Chief Financial Officer
Analyst, Morgan Stanley
Analyst, Cantor Fitzgerald
Analyst, BirdStain
Analyst, Morningstar
Analyst, Rothschilds & Co. Redburn
Good morning and welcome to the Sabre Third Quarter 2025 Earnings Conference Call. My name is Livia and I'll be your operator. As a reminder, please note today's call is being recorded. I will now turn the call over to the Senior Vice President of Finance, Rashaun Dhanus. Please go ahead, sir. Good morning and welcome to our Third Quarter 2025 Earnings Call. This morning, we issued an earnings press release, which is available on our website at investors.saber.com. A slide presentation, which accompanies today's prepared remarks, is also available during this call on the Saber Investor Relations webpage. A replay of today's call will be available on our website later this morning. We advise you that our comments contain forward-looking statements that represent our beliefs or expectations about future events. including results of our growth strategies, transactions and bookings growth, commercial and strategic arrangements, the effects of the sale of our hospitality solutions business, and our financial guidance, outlook and expectations, performa financial information, free cash flow, net leverage, and liquidity, among others. All forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the statements made on today's conference call. More information on these risks and uncertainties is contained in our earnings release issued this morning and our SEC filings, including our Form 10-Q for the quarter-ended September 30, 2025. Throughout today's call, we will also be presenting certain non-GAAP financial measures, References during today's call to adjusted EBITDA, adjusted EBITDA margin, normalized adjusted EBITDA, and normalized adjusted EBITDA margin have been adjusted to exclude certain items. The most direct...