Sabre Corporation (NASDAQ:SABR) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Brian Roberts - Director-Investor Relations

Kurt Ekert - President & Chief Executive Officer

Mike Randolfi - Chief Financial Officer

Conference Call Participants

Josh Baer - Morgan Stanley

Jed Kelly - Oppenheimer

Dan Wasiolek - Morningstar

Victor Cheng - Bank of America

Alex Irving - Bernstein

Operator

Good morning, ladies and gentlemen. Welcome to the Sabre First Quarter 2023 Earnings Conference Call. My name is Olivia, 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 Director of Investor Relations, Brian Roberts. Please go ahead, sir.

Brian Roberts

Thank you, Olivia, and good morning, everyone. Welcome to Sabre's First Quarter 2023 Earnings Call. This morning, we issued an earnings press release, which is available on our website at investors.sabre.com. A slide presentation which accompanies today's prepared remarks is also available during this call on the Sabre Investor Relations web page. 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 the effects of COVID-19, industry and recovery trends, benefits from our technology transformation and commercial and strategic arrangements, financing and related transactions, our financial outlook and targets, expected revenue, adjusted EBITDA, free cash flow, costs and expenses, cost savings and reductions, margins 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 first quarter 2023 Form 10-Q.

Throughout today's call, we will also be presenting certain non-GAAP financial measures. References during today's call to adjusted operating income, adjusted net income, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow have been adjusted to exclude certain items. The most directly comparable GAAP measures and reconciliations for non-GAAP measures are available in the earnings release and other documents posted on our website at investors.sabre.com.

Participating with me are Kurt Ekert, our President and CEO; and Mike Randolfi, our Chief Financial Officer. Scott Wilson, EVP and President of Hospitality Solutions, will be available for Q&A after the prepared remarks.