Scout24 stock slips 1.61% as tighter outlook meets strong Q3 growth
Published on 11/09/2026 at 17:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Momentum Meets Tighter Guidance
- Third-quarter revenue rose 19.7% year over year, while organic growth excluding Spain reached 10.1%.
- Scout24 narrowed its 2026 revenue outlook to about 18% growth and lifted Spain's expected contribution.
- AI products, higher-value memberships and subscription growth remain central to the company's next growth phase.
Scout24 stock traded at 88.55 euros on Lang & Schwarz at 17:14 CET on Monday, November 9, 2026, 0.62% below the Xetra close of Friday, November 6. Compared with the 90.00-euro Lang & Schwarz quote in the latest relevant report published earlier on November 9, the stock was down 1.61%.
The business update behind the latest coverage came on November 4, when Scout24 reported third-quarter revenue of 198.2 million euros, up 19.7% year over year. Revenue for the first nine months reached 570.5 million euros, an increase of 17.9%.
Subscriptions And AI Support Expansion
Organic revenue growth excluding the Spanish business remained in double digits at 10.1% in the quarter. Professional revenue increased 23.3% to 146.7 million euros, while Private revenue rose 10.5% to 51.6 million euros and Private subscription revenue accelerated to 10.4%.
Ordinary operating EBITDA grew 15.9% to 120.8 million euros. The reported margin was 60.9%, while the organic margin expanded by 0.4 percentage points to 63.3%. Adjusted earnings per share increased 21.5% to 1.09 euros. Higher marketing costs and increased impairment losses on receivables moderated organic margin expansion, although Scout24 expects stronger organic margin expansion in the fourth quarter.
Scout24 said higher-value Pro and Unlimited memberships accounted for around 40% of the membership mix. More than 10,000 professional customers used ImmoPoints in September, with usage increasing by more than 30% year over year. The company also highlighted its Application Assistant for consumers and Proppi for agents as AI products designed to support engagement and monetisation.
2026 Outlook Moves Toward Upper End
Management now expects full-year 2026 revenue growth of about 18%, compared with the previous range of 16% to 18%. The updated outlook includes an inorganic contribution of 7 to 8 percentage points from Spain, versus the prior 6 to 7 percentage points. The target for an ordinary operating EBITDA margin of up to 61%, or up to 64% organically, remains unchanged.
Scout24 SE at a glance
- Company: Scout24 SE
- ISIN: DE000A12DM80
- Ticker: G24
- Lang & Schwarz quote: 88.55 euros at 17:14 CET on November 9, 2026
- Since latest own report: Down 1.61% from 90.00 euros at 11:42 CET on November 9, 2026
- Xetra comparison: 0.62% below the 89.10-euro close of November 6, 2026
- Index: DAX
The DAX market environment remains the broader reference point for German equities.
More news and analyses on Scout24 stock will track subscription momentum, Spanish integration and further AI product adoption.
