Scout24 Lifts Shareholder Returns to €455M and Bets Big on Agentic AI

Scout24 paired record results with a much bigger payout at its 2026 annual general meeting in Munich on the 17th of June, pushing back against market nerves over what AI means for classifieds.

The owner of ImmoScout24 reported 2025 revenue of €649.6 million, up 14.7% and a fifth straight year of double-digit growth. Ordinary operating EBITDA rose 16.5% to €405.7 million, lifting the margin to 62.5%, while adjusted earnings per share climbed 19.6 percent to €3.47.

Shareholders backed a €1.50 dividend, worth roughly €105 million. With up to €350 million of buybacks on top, Scout24 plans to return €455 million in 2026, well above its old half-year pace, citing low valuations.

AI ran through the whole pitch. The board cast Scout24's future as an Agentic OS for real estate, built on its immo.ai layer, with the Hey Immo consumer assistant and PropstackAI tools for agents. That answered a jittery second half of 2025, when AI fears hit classifieds valuations despite steady trading.

Guidance points to 16% to 18% revenue growth in 2026, helped by the Spanish buys of Fotocasa and Habitaclia, with the organic margin targeted near 64% by 2028.