Sabre Corporation (SABR) saw its stock price plummet 25.67% in pre-market trading on Thursday following the release of its disappointing second-quarter earnings report. The travel technology company's results fell significantly short of analyst expectations, triggering a massive sell-off among investors.

According to the earnings release, Sabre reported an adjusted loss per share of $0.02 for Q2, missing the consensus estimate of a $0.01 loss per share. The company's revenue also disappointed, coming in at $687.15 million, well below analyst projections of $718.16 million. This represents a significant shortfall in both top and bottom-line performance. The net loss for the quarter stood at a staggering $256 million, further exacerbating investor concerns.

Sabre's President and CEO, Kurt Ekert, acknowledged that the results were affected by weaker than anticipated air distribution bookings, despite ongoing growth strategies. The company has updated its full-year outlook to reflect these challenges, viewing the current volume pressure as transitory. Despite the setback, Sabre remains focused on reducing leverage and driving sustainable growth through innovation. The company reported an adjusted EBITDA of $118 million for the quarter, up 7% from the previous year, and provided a Q3 outlook for pro forma adjusted EBITDA between $140 million to $150 million. However, these positive aspects were overshadowed by the significant earnings miss and resulting stock plunge.