Sabre (NASDAQ:SABR) shares tumbled 6.94% in pre-market trading on Wednesday following the release of its first-quarter 2025 earnings report, which fell short of analysts' expectations. The travel technology company's disappointing results have sparked concerns among investors about its near-term growth prospects.
According to the company's SEC filing, Sabre reported Q1 2025 revenue of $777 million, representing a 0.80% decrease from the same period last year. This figure missed the analyst consensus estimate of $797.47 million by 2.61%. Additionally, Sabre's adjusted earnings per share (EPS) came in at $0.00, falling short of the $0.01 estimate, further contributing to the negative market reaction.
Despite the underwhelming Q1 performance, Sabre provided guidance for the second quarter, projecting a low single-digit growth rate for pro forma revenue. The company also reaffirmed its full-year 2025 financial outlook, signaling confidence in its ability to meet long-term targets. However, the market's immediate response suggests that investors are more focused on the current quarter's miss than the company's future projections, leading to the significant pre-market decline in Sabre's stock price.