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Sabre Corporation: The Conferma Expansion Blitz—Can 100,000 Hotel Connections Become a Moat?

Sabre Corporation’s third-quarter 2025 performance highlights certain areas of progress along its strategic transformation, while also indicating key challenges that the company is currently navigating. Positively, Sabre reported revenue growth of 3% year-over-year, translating into $715 million, primarily driven by gains in distribution bookings and product revenue. The company’s ability to generate free cash flow and its efforts to deleverage the balance sheet remain core strategic focuses, with significant debt repayment, including $825 million from the sale of its Hospitality Solutions business, underscoring these initiatives. In connection with large strategic financial movements, Sabre forecasts a net leverage reduction of approximately 50% by year-end 2025, compared to the end of 2023. Additionally, Sabre’s investments in emerging technologies, particularly in AI and fintech, are noteworthy. The company announced advancements in AI capabilities including Agentic APIs and introduced innovations such as the Continuous Revenue Optimizer within its AI-native SabreMosaic platform.