Germany's Scout24 prelim FY revenue up 14.7% on demand for agent memberships

Scout24 SE

26/02/2026 06:43

Overview

Germany real estate platform's prelim 2025 revenue grew 14.7%, slightly missing analyst expectations

EBITDA for Q4 slightly beat analyst expectations

Company projects 16-18% revenue growth for 2026, driven by Spain acquisition

Outlook

Scout24 forecasts 2026 revenue growth of 16-18%, including 6-7 percentage points from Spain

Company expects 2026 ordinary operating EBITDA margin up to 61%

Scout24 aims for organic EBITDA margin up to 64% in 2026

Result Drivers

AGENT MEMBERSHIPS - Strong demand for agent memberships in Professional segment drove revenue growth

SUBSCRIPTION REVENUE - Subscription revenue grew strongly, reflecting high demand for Scout24’s product portfolio

MARGIN EXPANSION - Margin improved due to operational efficiencies and successful integration of acquisitions

Company press release: ID:nEQ1znqZza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
EUR 165.70 mln
EUR 166.43 mln (3 Analysts)
Q4 Net Income
EUR 49.50 mln
Q4 EBITDA
Slight Beat*
EUR 106.10 mln
EUR 105.60 mln (3 Analysts)
Q4 Basic EPS
EUR 0.69
Q4 EBITDA Margin
64.10%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Scout24 SE is €118.00, about 70.3% above its February 25 closing price of €69.30

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)