• Revenue up 13.9% to $104.5 million
• Subscription revenue up 9.9% to $66.3 million
• Transaction revenue up 21.4% to $38.1 million
• Underlying EBITDA positive at $5.3 million
• Smart Platform strategy progressing well

SiteMinder Limited reported a 13.9% increase in revenue to $104.5 million for the half-year ended 31 December 2024. Subscription revenue grew 9.9% to $66.3 million, driven by a 13.5% increase in the number of properties and a 2.0% decrease in subscription average revenue per user. Transaction revenue increased 21.4% to $38.1 million, driven by continued strong growth in the Demand Plus and Payment products, as well as contributions from initiatives under the Smart Platform strategy.The company's underlying EBITDA was positive at $5.3 million, compared to a loss of $1.2 million in the previous corresponding period. SiteMinder exercised cost discipline while sustaining strong growth and investing in the future with the Smart Platform strategy. Total expenses increased by 10.4% year-on-year, less than the 13.9% increase in revenue.The Smart Platform strategy, which features three capability pillars - Dynamic Revenue Plus, Channels Plus, and Smart Distribution - made progress during the half-year and is expected to strengthen SiteMinder's appeal for hoteliers and partners by leveraging its industry-leading data assets and distribution execution capabilities to deliver enhanced commercial outcomes.SiteMinder's growth strategy is centered around the deployment of its hotel commerce platform, with a focus on continued organic growth, execution of the Smart Platform strategy, subscription upsell, transaction products, and potential mergers and acquisitions to complement existing platform capabilities.

SiteMinder's annualised recurring revenue increased 18% to $216.1 million in the half-year ended 31 December 2024.

SiteMinder is focused on driving organic growth through multiple levers, including property growth, execution of the Smart Platform strategy, subscription upsell, and transaction products. The company may also consider potential mergers and acquisitions to strengthen its platform capabilities.