SiteMinder (ASX:SDR) reported a period of growth and operational scale for the first half of the 2026 financial year.
The global hotel software platform more than doubled its EBITDA and achieved positive free cash flow, driven largely by the accelerating adoption of its "Smart Platform" and a strategic focus on larger hotel properties.
The company's financial metrics showed strong upward momentum across all core areas.
Annualised recurring revenue rose 29.7% year-on-year to $280.3 million, supported by a 51.3% growth in transaction ARR.
Total revenue followed a similar trajectory, increasing 25.5% to $131.1 million.
The growth was underpinned by expanded unit economics, with the average revenue per user climbing 11.3% to $435.
SiteMinder's subscription business remained a steady anchor, while transactional revenue saw a 39.1% jump, fueled by products such as Channels Plus and Demand Plus.
Channels Plus now serves approximately 7,000 hotels, and Dynamic Revenue Plus has surpassed 20,000 rooms under management. During the half-year, the company added 2,900 net new properties, bringing its global total to 53,000.
Management noted that the results were bolstered by improved inventory optimisation and broader distribution use cases.
SiteMinder expects to sustain the growth trajectory through the remainder of FY26 as it capitalises on the ongoing digitisation of the global hospitality sector.
At the time of reporting, SiteMinder's share price was $3.23.