Idealista FY25: Revenues Up 15% as EBITDA Doubles

Idealista reported revenues of €346 million and an EBITDA of €160 million in 2025, but net losses of €191 million dampened the mood after the amortisation of goodwill by Cinven.

Highlights include:

• Revenues were €346 million, up 15% year on year
• Spain revenues were €186 million, up 16%
• Portugal revenues were €35 million, up 40%
• Italy revenues were €95 million, up 12%
• Mortgage and Other revenues were €32 million
• Group EBITDA doubled to €160 million (was €84 million in 2024)
• Net loss of €191 million attributed to amortisation of goodwill

Idealista operates market-leading real estate marketplaces in Spain and Portugal, and is in a battle for market leadership in Italy.

Idealista SAU, which operates the Spanish portals idealista and Yaencontré, increased revenues by 16% to €184 million last year and an EBITDA of €110 million (up 29%), while losses shrank considerably to €21 million, from a loss of €52 million in 2024.

In 2025, the Portugal segment of idealista recorded revenues of €35 million, up 40% year on year. In Italy, revenues were €95 million, up 12% from 2024.

Other services, such as mortgage brokerage, online booking development, vacation rental portal management, and CRM (customer relationship management), generated €32 million in revenue last year.

Cinven took a 70% stake in the business for over two billion euros in 2024. The seller, EQT, retains an 18% share, with the rest of the shares owned by the company's founders and management team.

According to reporting by Expansión:

The equity value of the Idealista ecosystem, excluding debt and purchase commitments, amounted to €2.514 billion. Subtracting the fair value of the net assets acquired, recorded on the books at almost €580 million, generates a total goodwill of €1.934 billion, which, according to regulations, must be amortized over a period of ten years and directly impacts the company's net income during that period.

Idealista recently appointed Aurélien Flament as managing director for France, where he will be responsible for managing the existing portfolio of clients and developing new business opportunities in neighbouring France.