Scout24 posts solid third quarter, raises revenue outlook

Scout24 SE on Wednesday reported third-quarter results that exceeded expectations on both revenue and adjusted EBITDA, with small beats against company-compiled consensus estimates.

The German online classifieds company posted revenue 1% above forecasts, while operating EBITDA came in 1.4% higher than expected. Professional revenue beat estimates by 0.6%, while the Private segment outperformed by 3%.

Group organic revenue growth reached 10.1% in the third quarter, compared with 9.9% in the second quarter and 10.7% in the first quarter. Private segment reported growth accelerated to 10.5%, up from 8.4% in the prior quarter.

Private subscriber additions showed notable acceleration, growing by 16,300 in the quarter compared with 10,100 in the second quarter and 4,000 in the first quarter. Private average revenue per user increased 8.9%, up from 4% growth in the second quarter.

Group operating EBITDA margins on a reported basis declined 1.9 percentage points year-over-year. On an organic basis, operating EBITDA margins expanded by 0.4 percentage points.

Scout24 raised its full-year 2026 revenue growth guidance to approximately 18%, up from a previous range of 16% to 18%. The revised outlook includes an inorganic contribution of 7 to 8 percentage points, compared with 6 to 7 percentage points previously.

The company maintained its margin guidance of up to 61% on a reported basis and up to 64% on an organic basis.