Sabre Corporation (NASDAQ:SABR) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET

Company Participants

Brian Roberts - IR

Kurt Ekert - CEO, President & Director

Michael Randolfi - CFO & EVP

Scott Wilson - President, Hospitality Solutions

Conference Call Participants

Jed Kelly - Oppenheimer

Joshua Baer - Morgan Stanley

Dan Wasiolek - Morningstar

Victor Cheng - Bank of America Merrill Lynch

James Goodall - Redburn

Operator

Good morning, and welcome to the Sabre Third Quarter 2023 Earnings Conference Call. My name is Felicia and I will 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. Brian, please go ahead.

Brian Roberts

Thank you, and good morning, everyone. Welcome to Sabre's Third 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 impact and extent of the ongoing recovery from the effects of COVID-19, industry trends, benefits from our technology transformation, commercial and strategic arrangements, strategic priorities, 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 third 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 President and CEO; and Mike Randolfi, Chief Financial Officer; Scott Wilson, EVP and President of Hospitality Solutions, will be available for Q&A after the prepared remarks.