Scout24 SE

Latest Results (17.11.2025):

Scout24 SE’s Q3 2025 report shows a robust financial performance with strong revenue growth and improving profitability. The company registered a 15.0% year-on-year revenue increase to EUR 165.6 million in Q3 2025, alongside substantial improvements in EBITDA, EBIT, and earnings after tax. The report also provides positive nine‐months’ figures, driven by solid organic growth in both the Professional and Private segments and increased demand in its transaction enablement business.

Revenue Growth

Scout24 SE’s revenue rose by 15.0% year-on-year in Q3 2025, reaching EUR 165.6 million, and by 15.3% for the first nine months. This strong performance was largely due to robust organic growth, particularly in real estate agent memberships and subscription-based models.

Enhanced Profitability

The company’s ordinary operating EBITDA increased by 14.9% in Q3 2025, with margins holding steady at 62.9%. Furthermore, EBIT improved by 15.0%, and earnings after tax more than doubled compared to Q3 2024, showcasing efficient cost-management and scaling benefits.

Impact of Non-Operating and M&A Items

While non-operating expenses and M&A-related costs rose—with a notable increase in M&A transactions and adjusted earn-out valuations—the overall earnings before tax grew by 16.6%, reflecting the business’s resilience amidst investment in acquisitions and integration efforts.

Cost Development and Efficiency Gains

Operating costs increased across all segments, driven by higher expenses in IT, personnel, and purchasing costs due to recent acquisitions. However, these costs grew at a lower rate than revenue, allowing Scout24 SE to capture significant efficiency potentials, particularly from its interconnectivity strategy and organic business initiatives.