Scout24 stock: Q3 revenue rises 19.7%, outlook set at 18%

Published on 11/05/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scout24 stock gets a sharper 2026 revenue outlook after a strong third quarter. AI products and premium memberships are widening monetisation opportunities.

Scout24 sharpens 2026 outlook

AI products and higher-value memberships are supporting customer monetisation across the platform.
Adjusted earnings per share increased 21.5 percent in the third quarter, helped by operating growth and share buy-backs.
Scout24 will publish preliminary full-year and fourth-quarter results on February 25, 2027.

Scout24, DE000A12DM80, Illustration mit AI erstellt.

Scout24 reported strong third-quarter growth on Wednesday, November 4, 2026, and specified its full-year revenue outlook at about 18 percent. The company said organic growth remained in double digits despite a challenging market for German property transactions. The details were published by Scout24.

AI products add monetisation options

Scout24 is expanding its Agentic OS strategy across the real-estate search and professional-services platform. Unlimited members receive an AI-powered Application Assistant and four times as many viewing invitations, while Pro and Unlimited plans account for around 40 percent of the membership mix.

In its professional business, Scout24 introduced Proppi, an AI assistant within Propstack that automates recurring communication and work processes. More than 10,000 professional customers used ImmoPoints in September, up more than 40 percent year over year, while ImmoPoints volume increased by more than 30 percent.

Growth broadens across segments

Professional revenue increased 23.3 percent in the quarter, supported by 11.5 percent growth in German subscription revenue. Private revenue rose 10.5 percent to EUR 51.6 million, its strongest growth rate of the year, as subscription revenue accelerated and higher-value memberships lifted average revenue per user.

Adjusted earnings per share rose 21.5 percent from the year-earlier quarter. Scout24 also accelerated share buy-backs to EUR 165 million in the third quarter, supporting adjusted per-share growth and reducing the share count.

Outlook points to continued execution

The company now expects 2026 revenue growth of about 18 percent, including 7 to 8 percentage points from Spain, compared with its previous range of 16 to 18 percent and a 6 to 7 percentage-point Spanish contribution. The ordinary operating EBITDA margin target remains up to 61 percent, or up to 64 percent on an organic basis.