Scout24 Q2 2026: Revenue up 20% as Spanish Businesses Boost Performance

Scout24, the operator behind Germany's leading real estate marketplace ImmoScout24, and Fotocasa Group in Spain, has announced its second quarter and half-year financial results for 2026.

Highlights for the quarter include:

• Q2 Revenue increased to €192 million, up 20% year-on-year after Fotocasa Group acquisition
• Professional Revenue was €144m, up 24.5%
  • Within which, Professional ARPU was €1225, up 10.4%
  • Within which, subscription revenue was €90.7m
• Private Revenue was €48.7m, up 8.4%
• Ordinary Operating EBITDA was €116 million, up 14.6%, at a margin of 60.1%

Highlights for the first half of the year include:

• H1 Revenue was €372.2 million, up 17% year-on-year
• Professional Segment revenues were €277.6 million, up 20.2%
• Private Segment revenues were €94.6 million, up 8.6%
• Ordinary Operating EBITDA was €223.9 million, up 14.6%
• Adjusted net income was €138.5 million, up 15.7%

Ralf Weitz, CEO of Scout24, said:

"Scout24 again delivered outstanding quarterly results, with 20% revenue growth and continued double-digit organic growth in Q2.

"We have started executing our strategy to build the Agentic OS for real estate that we presented at our Capital Markets Day and are already turning it into tangible value. HeyImmo and our AI-powered search experience are industry-leading and growing exponentially. As a result, matchmaking efficiency of the platform increases, users are more engaged and find their homes faster–every interaction strengthens our intelligence flywheel."

"In the Professional business, customers are embracing AI features integrated in Propstack and our core memberships. This drives further monetisation and increased usage of ImmoPoints, our digital currency for AI consumption within our ecosystem."

Regarding its Agentic OS for real estate, announced at Scout24's Capital Markets Day in May, Scout24 said:

AI is increasingly embedded across the Scout24 platform, enhancing customer experiences, automating workflows and creating additional monetisation opportunities across both segments. HeyImmo and AI-powered filter search continued their dynamic growth, further establishing themselves as a key AI-powered entry point for property search. In June 2026, users generated around 3.3 million AI-supported search interactions, over 47 times the prior-year level, while referral traffic from external large language models (LLMs) remained less than 1% of the total traffic volume.

In the Professional segment, Scout24 further expanded AI capabilities within its membership products, including automatically generated property videos and intelligent listing placement features. Around 60% of B2B customers were already using ImmoPoints in June 2026, enabling access to AI-powered products and supporting monetisation across the platform. Usage of Propstack AI also continued to grow strongly, with the share of customers using AI features doubling year on year as intelligent capabilities expanded across key
broker workflows.