Sabre Shares Tumble 28% Amid Misses in Outlook, Q4 Revenue

The company whose technology is used in online travel sites and airline and hotel reservations said revenue in the first quarter will be about $750 million, with the full year figure reaching about $3 billion. That's below the analysts' estimate of $787.5 million for the first quarter and $3.18 billion for the full year.

Adjusted earnings before interest, taxes, depreciation and amortization is expected to be about $115 million in the first quarter, and the full year is seen totalling more than $500 million, the company siad in a press release.

The company anticipates being free cash flow positive in 2024, after a negative cash flow of about $100 million in the first quarter, hurt by seasonality, it said.

Sabre posted revenue of $687.05 million in the fourth quarter. While that's up from $631.18 million a year earlier, it missed the average estimate of $691.3 million from analytsts polled by Capital IQ, according to MT Newswires.

The misses overshadowed the company's adjusted loss of 12 cents a share in the fourth quarter, which was smaller than the 14 cent loss expected by analysts.