Why Are Sabre Shares Plunging Today?

Sabre Corp SABR reported third-quarter FY21 revenue growth of 58% year-on-year to $441.1 million, missing the consensus of $457 million.
Travel Solutions revenue rose 65% Y/Y to $390.4 million. The operating loss improved 73% Y/Y to $(38.96) million.
Hospitality Solutions' revenue increased 23% Y/Y to $55.2 million. Distribution revenue grew 135% Y/Y to $245.4 million. IT Solutions revenue increased 9% Y/Y to $144.9 million. The operating loss improved 33% Y/Y to $(156.7) million.
Sabre decreased the adjusted EBITDA margin loss from (44.5)% to (12.5)%.
Adjusted loss per share of $(0.50) beat the consensus loss of $(0.59).
It used $69.7 million in operating cash flow and held $1.04 billion in cash and equivalents.
Sabre did not provide any guidance at this time due to the pandemic-driven uncertainty.
Price action: SABR shares traded lower by 14.80% at $9.21 on the last check Tuesday.

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