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<WIRE> Siteminder (ASX:SDR) soars on strong FY23 results and forecast



Shares of Siteminder rise as much as 20.8% to A$4.3, posting their biggest ever intraday percent jump. The hotel commerce platform posts unaudited revenue of A$151.4 million ($101.41 million) for FY23, up 30.5%. The company targets organic revenue growth of 30% in the medium term. Siteminder expects to be underlying EBITDA profitable and underlying free cash flow positive for H2FY24. The stock is among the top gainers in the ASX All Ordinaries Index. Shares hit their highest level since February 3. Shares are up 16.1% year-to-date, as of the last close.


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