Sabre announced financial results for the quarter and year ended December 31, 2017.
Highlights
• Revenue increased 6.3% in the quarter and 6.7% for the full year 2017
• Net income attributable to common stockholders increased 234.2% to $82.1 million in the quarter and the full year was flat at $242.5 million
• Diluted net income attributable to common stockholders per share (EPS) increased 233.3% to $0.30 in the quarter and increased 1.2% to $0.87 for the full year
• Adjusted EBITDA grew 2.7% to $256.7 million in the quarter and 3.1% to $1,078.6 million for the full year
• Adjusted EPS grew 18.5% to $0.32 in the quarter and 6.9% to $1.40 for the full year
• Cash provided by operating activities totaled $222.1 million in the quarter and $678.0 million for the full year
Sabre Airline and Hospitality Solutions
Fourth quarter 2017 Airline and Hospitality Solutions revenue increased 1.2% to $269.7 million.
Operating income increased 13.0% to $69.8 million and operating income margin expanded to 25.9%.
Adjusted EBITDA increased 14.5% to $116.9 million.
Sabre Travel Network
Fourth quarter 2017 Travel Network revenue increased 8.8% to $619.0 million.
Global bookings increased 3.7%, driven by 12.5% growth in Asia-Pacific, 5.3% growth in Latin America, 3.9% growth in EMEA, and 0.3% in North America.
Operating income decreased 2.8% to $188.6 million.
Adjusted EBITDA increased 2.2% to $231.0 million.
Full-Year 2018 Guidance
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