Scout24 Q3 2025: Revenues Up 15% as Subscriptions Drive Growth

Scout24, the publicly listed German real estate marketplace operator, has released its third-quarter financial results for 2025.

Highlights for the quarter include:

• Scout24 Group revenues hit €165.6 million, up 15% year-on-year
• EBITDA was €97 million, up 13.8% YoY
• EBITDA Margin was 62.9%, flat YoY
• ImmoScout24 listings grew 15.7% YoY, attributed to higher market activity
• Professional subscription revenues increase 15.1%, and Private subscription revenue increases 17.8%

Scout24, originally floated in 2015, recently saw its power as a marketplace operator validated by its addition to the DAX Index, meaning the Group is now officially one of the 40 most valuable publicly-traded businesses in Germany. Performances for the quarter justify its inclusion, with healthy double-digit growth across both Scout24's Private and Professional segments in the past three months. Powered by the market-leading marketplace ImmoScout24, the Group continues to make deep inroads in the real estate ecosystem in Germany while monetising both sides of its marketplace.

Scout24 will launch a historic and ambitious international expansion imminently, after agreeing to purchase the Spanish real estate marketplaces Fotocasa and Habitcalia from the conglomerate Adevinta for over €150 million.

Scout24 said:

The Management Board of Scout24 SE is very satisfied with the continuous, dynamic growth recorded in the third quarter and the resulting financial and operational performance for the current financial year. 

[We hereby narrow] the current guidance for the 2025 financial year from 14-15% revenue growth as well as an increase in the ordinary operating EBITDA margin of up to 70 basis points to the upper end of the margin guidance and the mid to upper end of the revenue guidance, respectively.

And regarding Fotocasa and Habitaclia:

This acquisition gives Scout24 access to the attractive Spanish real estate market—the most important foreign market for German property buyers—and its long-term growth potential. It will bring access to new markets for real estate agents in both countries, while people interested in buying or renting a property will benefit from an expanded range and local expertise. In addition, both Spanish portals will benefit from Scout24’s longstanding market expertise, technological know-how and product portfolio. The aim is to finance the acquisition using cash and existing credit facilities. The transaction is expected to be closed in the first quarter of 2026.

The Private segment, which sees Scout charge landlords, renters and those looking to buy for adjacent services and premium portal access, recorded 17.8% revenue growth in the third quarter of 2025, to €46.7 million. Growth was largely driven by subscription revenue, which increased on the back of continuously rising customer numbers (up 14.5% to 526,740).

Meanwhile, the Professional segment, primarily for agents, saw revenues rise 16.7% to €119 million for the quarter, driven by subscription revenues of nearly €87 million. Transaction enablement revenue grew by 14.5% in the reporting quarter, slowing slightly compared to the second quarter (18.4%).

The Group has continued to grow full-year revenues since 2020, and is on course to exceed FY2024's €566m by a healthy margin based on current momentum.