- The stock price of Sabre Corporation (NASDAQ: SABR) increased by 21.89% today. This is why it happened.
The stock price of Sabre Corporation (NASDAQ: SABR) increased by 21.89% today. Investors appear to be responding positively to what was revealed in the company’s fourth-quarter results.
Sabre’s revenue estimates topped expectations by $9.9 million as they hit $500.63 million — which is up nearly 60% year-over-year. The revenue jump is being driven by increases in global air, hotel, and travel bookings. Plus the company also expanded its partnership with American Express Global Business Travel.
The operating loss for the quarter was $126 million, which is a major improvement from an operating loss of $220 million in the fourth quarter of 2020.
The adjusted EBITDA was ($26M), which was much better than ($101M) year-over-year.
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