Australia's SiteMinder falls on weaker-than-expected HY results

SiteMinder

26/02/2025 24:27

** Shares of SiteMinder SDR.AX fall 10.4% to A$5.71, on track for biggest one-day pct drop since June 2022

** Stock among top losers on ASX 200 benchmark index .AXJO, which is down 0.3%

** Hotel commerce platform co posts HY underlying net loss of A$9 million ($5.71 million), deeper than consensus expectation of A$7.2 million loss

** HY revenue A$104.5 million, missing consensus estimate of A$110.4 million

** Trading volumes 2.3x the 30-day average of 646,025 shares

** As of last close, stock was up 5.5% YTD

($1 = 1.5751 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)

 ((Himanshi.Akhand@thomsonreuters.com;))