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Investing.com - Scout24 AG (ETR:G24n) on Thursday reported a 15% increase in third-quarter revenue to €165.6 million, exceeding analyst expectations of €164 million, as the company continues to benefit from strong customer growth across its business segments.
The German digital real estate marketplace operator posted ordinary operating EBITDA of €104.2 million for the quarter, up 14.9% year-over-year and 1% above consensus estimates.
Based on these results, Scout24 has narrowed its full-year 2025 guidance, now expecting revenue growth at the mid to upper end of its previous 14-15% range and ordinary operating EBITDA margin expansion at the upper end of its prior guidance of up to 70 basis points.
The Professional segment saw revenue rise 15.1% to €119 million, driven by strong membership growth of 5.7% year-over-year, with the average professional customer count reaching an all-time high of 26,143. Meanwhile, the Private segment’s revenue increased 14.7% to €46.7 million, fueled by continued strong demand for Plus subscription products.
"We delivered strong Q3 results with robust revenue and customer growth," said Ralf Weitz, CEO of Scout24. "At the same time, we’ve implemented HeyImmo, an AI-powered search assistant to enhance the user experience."
For the first nine months of 2025, Scout24 reported a 15.3% increase in revenue to €483.8 million, with adjusted earnings per share growing 20.3% to €2.55. The company’s operating cash flow rose 15.2% to €225.1 million during this period.
The company’s ordinary operating EBITDA margin expanded to 61.9% in the nine-month period, up 0.6 percentage points YoY, demonstrating Scout24’s ability to generate operating leverage while maintaining investments in product development and AI technologies.