The SiteMinder Ltd (ASX: SDR) share price is in focus today after the company lifted adjusted EBITDA by 96.5% to $28.1 million and grew revenue 22% (constant currency, organic) to $266.1 million in FY26, highlighting strong profitability and expansion of its Smart Platform.
Image source: Getty Images
What did SiteMinder report?
- Revenue up 22.0% (cc, organic) to $266.1 million (reported growth 18.6%)
- Adjusted EBITDA up 96.5% to $28.1 million; margin expanded to 10.6%
- Net loss improved to ($11.3) million, down from ($24.5) million in FY25
- Annual recurring revenue (ARR) grew 24.1% (cc, organic) to $313.7 million
- Adjusted free cash flow more than doubled to $10.5 million
- Transaction revenue up 34% (cc, organic); Smart Platform adoption surged
What else do investors need to know?
SiteMinder delivered this performance despite a stronger Australian dollar and ongoing global travel challenges. Over 85% of customer billings are in foreign currencies, making constant currency metrics a clearer guide to underlying results.
Smart Platform products saw rapid adoption. Dynamic Revenue Plus supported over 50,000 hotel rooms, Channels Plus grew its hotel count by 43% year-on-year, and ARPU climbed 9.3% (constant currency, organic) to $429. Net property additions brought SiteMinder's total to 56,000 global hotel customers.
Improved margins reflected disciplined Smart Platform investment and broader use of AI. Lifetime value (LTV) increased, as did LTV/CAC ratio, while adjusted group gross margin reached 67.2%.
What did SiteMinder management say?
CEO and Managing Director Sankar Narayan said:
SiteMinder's FY26 performance builds on three years of sustained progress. 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%. This demonstrates the strength and scalability of our business and provides a durable foundation for continued growth and margin expansion. With continued momentum across the Smart Platform, a strong product pipeline and go-to-market engine, and significant opportunities to apply AI across our operations and product suite, we are well positioned to build on our strong performance and create long-term value for shareholders.
What's next for SiteMinder?
Looking ahead, SiteMinder expects its adjusted EBITDA margin to keep expanding in FY27 and reach the mid-20% range by FY30. ARR is targeted to continue growing in the 20% range (CAGR) over the next four years, fuelled by strong Smart Platform uptake and AI-driven efficiencies.
Management is rolling out further optimisation features for the Smart Platform and new B2B distribution support, aiming to deepen customer adoption and broaden global reach. AI use is set to accelerate across both product and internal operations, supporting ongoing margin gains and scalable growth.
SiteMinder share price snapshot
Over the past 12 months, SiteMinder shares have declined 30%, trailing the All Ordinaries Index (ASX: XAO).
