SiteMinder lifts adjusted EBITDA 96% to $28.1M in FY26

• SiteMinder increased its FY26 adjusted EBITDA by 96.5% to $28.1 million as full-year revenue rose 22% on a constant-currency and organic basis.
• The software company reduced its reported net loss to $11.3 million while generating $10.5 million in adjusted free cash flow.
• Management projects long-term growth driven by international adoption of its Smart Platform suite and artificial intelligence products.

Hotel technology vendor SiteMinder (ASX:SDR) expanded its FY26 adjusted EBITDA by 96.5% to $28.1 million while total revenue rose 22% on a constant-currency and organic basis to $266.1 million.

The underlying earnings margin widened from 6.4% to 10.6% over the period, comparing favourably against the prior financial year's net loss of $24.5 million.

"Subscription and transaction ARR growth have exceeded 15% and 30%, respectively, on a constant-currency and organic basis in each of those years, while adjusted EBITDA has improved by more than $50 million with margins expanding from negative 14.5% to positive 10.6%," said SiteMinder CEO Sankar Narayan.

Transaction revenue grew 34% on an organic constant-currency basis to $110.9 million, while subscription revenue added 14.6% to reach $155.2 million.

SiteMinder expects its adjusted EBITDA margin to reach the mid-20s by FY30.

Following the announcement, the SiteMinder share price was down at $3.29.

In FY27, SiteMinder expects its adjusted EBITDA margin to expand meaningfully. ARR growth is expected to be in the 20s, supporting continued strong revenue growth on a constant-currency and organic basis.

Founded in Sydney, the company builds distribution and revenue management software for independent hotels and accommodation providers globally.

The group processes bookings across more than 150 countries, with over 85% of total customer billings denominated in foreign currencies.