Germany's Scout24 Q1 revenue rises 13.9% on subscription growth

Scout24 SE

29/04/2026 06:39

Overview

Germany digital real estate marketplace's Q1 revenue rose 13.9% yr/yr on strong subscription demand

Adjusted EPS for Q1 increased 20.1% yr/yr to EUR 0.95

Company upsized 2026 share buyback to up to EUR 350 mln

Outlook

Scout24 confirms 2026 revenue growth guidance of 16-18%, including 6-7pp from Spain

Company expects ordinary operating EBITDA margin of up to 61%, organic margin up to 64%

Result Drivers

B2B SUBSCRIPTION GROWTH - Strong demand for Professional segment memberships and integrated solutions in Germany drove revenue growth

TIERING & UPSALE - New tiering and pricing model in the Private segment supported demand for higher-value memberships and ARPU growth

Company press release: ID:nEQ1VXvSma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 179.60 mln
Q1 Adjusted EPS
EUR 0.95
Q1 EPS
EUR 0.97
Q1 Net Income
EUR 68.50 mln
Q1 Basic EPS
EUR 0.97
Q1 EBITDA
EUR 107.90 mln
Q1 EBITDA Margin
60.10%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", no "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 €100.00, about 48.1% above its April 28 closing price of €67.50

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 22 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.)