Scout24 AG
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5-year stock timeline
2026-02-26 — Preliminary full-year 2025 results; confirms growth and issues guidance for 2026
Scout24 published preliminary 2025 results showing strong double-digit top-line and EBITDA growth, later confirmed in audited results in March 2026 [4][12]. The market framed Scout24 as a continued high-quality subscription/marketplace compounder with expanding margins. Investors rewarded delivery against targets, positioning the company as resilient growth with improving profitability and shareholder returns (dividend increase and buybacks noted in prior years) [4][12]. Shares showed strength on the news as expectations for 2026 were reinforced.
2026-03-26 — Audited 2025 results; profit jump, dividend raised, 2026 goals reiterated
Final 2025 financials were published: revenue grew 14.7% to €649.6m, ordinary operating EBITDA rose 16.5% to €405.7m (62.5% margin); net income and adjusted EPS increased materially; dividend was proposed at 14% higher to €1.50/share; management reiterated targets for 2026 [12][13]. The confirmation of preliminary figures plus the dividend lift strengthened investor confidence in the recurring-revenue model and margin expansion, reducing perceived execution risk. Confirmation supported continued upside and lower volatility.
2025 (full year) — Continued margin expansion and capital returns
Throughout 2025 Scout24 reported strong organic growth, margin expansion and continued share buybacks and dividend increases; investor communications highlighted operating leverage in core markets [3][13]. The market increasingly viewed Scout24 as a high-margin, scalable classifieds/marketplace operator benefiting from agent products, premium listings and data services. Valuation conversations shifted from pure growth multiple toward quality growth and IRR with an income component. The stock showed a steady uptrend with periodic consolidation around results.
2024 — Solid execution, Capital Markets Day and 2024–2026 guidance framework
Scout24 published its combined 2023 annual report and held investor communication events (Capital Markets Day) that established the 2024–2026 guidance framework; FY2023 results (reported in early 2024) showed approximately 14% revenue growth and strong ordinary operating EBITDA recovery, setting the stage for 2024 targets [2][5][6]. After recovering from softer components in 2022, investors saw 2023 and 2024 as a re-acceleration phase. The story became one of sustainable double-digit growth plus margin recovery enabled by product mix and pricing power. Guidance and execution aligned, with the stock breaking out from its prior range into a new uptrend.
2023 — Upper end of 2022 guidance met; accelerated growth into 2023
In early 2023 Scout24 reported reaching the upper end of its 2022 guidance (approximately 14% growth) and guided for double-digit growth in 2023 (12% revenue growth, 13% ordinary operating EBITDA growth) driven by agents, Plus products and individual listings [10]. Investor perception shifted from cyclical weakness (seen in parts of 2022) toward renewed top-line momentum and product upsell potential. The market moved to re-rate on improving fundamentals. The stock emerged from a prior drawdown as 2022 softness was overtaken by 2023 momentum.
2022 — Softer second half (Seller and Mortgage Leads); management restructuring
Demand for Seller and Mortgage Leads softened in the second half of 2022, though overall the company still reached guidance for 2022; management consolidated product and technology and reduced the Management Board to three members to increase efficiency [10][8]. Investors were cautious — growth remained present but with mixed end-market signals. Corporate restructuring signaled management focus on efficiency and execution, partially restoring confidence. The stock moved to a mild downtrend in the second half of 2022, then stabilized as structural changes were communicated.
2021 — Post-IPO/owner transition legacy and normalization after PE ownership
Through 2021 Scout24 operated as a leading German online classifieds group (real estate and automotive verticals) continuing to transition from prior private-equity ownership toward public-company governance and capital-return practices that would follow in later years (buybacks, dividends, clearer guidance) [11][8]. The market treated Scout24 as a high-quality marketplace with long-term secular advantages but sensitive to macro housing and auto cycles. Investors looked for proof-of-concept on product monetization and recurring revenue stability. The stock showed a range with episodic rallies tied to sector news and results; overall structural upward bias persisted across the multi-year recovery.
Key risks and downside factors
Scout24 operates as a leading European online classifieds and SaaS marketplace, anchored by ImmoScout24 and AutoScout24, with recent expansions into Spanish real estate. The company competes in a concentrated market against local classifieds operators (mobile.de, AutoScout24), larger listed platforms spanning multiple geographies (Adevinta, Rightmove, Zillow Group, REA Group, CoStar/LoopNet), and specialist SaaS and CRM vendors. Competitive pressure from both global platforms and entrenched local players presents material risk, as do regulatory constraints around data and privacy. Technology resilience, cybersecurity capability, and the execution burden of integrating acquisitions and deploying AI systems round out the primary risk surface. [Based on Scout24 H1 2026 investor report and market sources.]
- Global and local classifieds platforms pose a competitive threat that could compress pricing, reduce ad volumes, and erode market share [1][10].
- Regulatory and data-privacy requirements such as GDPR and consumer protection laws may raise compliance costs and constrain product capabilities, creating operational friction [10].
- Technology failures, AI shortcomings, and cybersecurity breaches—whether outages, data loss, or degraded AI capabilities—carry real risk of eroding user trust and compressing both operational and IT-dependent revenue [10].
- Recent acquisitions, particularly the Spain/Fotocasa deal and other M&A activity, carry meaningful execution risk. If integration stumbles or the acquired businesses underperform expectations, the company may realize fewer synergies than projected and face strain on its financial position [10].
Competitive landscape
Scout24 (G24.XETRA) operates the dominant German digital marketplaces for real estate through ImmobilienScout24 and automobiles through AutoScout24. The company competes against large listed classifieds and proptech platforms alongside entrenched local marketplace operators. Several structural risks warrant attention: competitive pressure on pricing, reliance on advertising and subscription revenue streams, exposure to data protection and cybersecurity incidents that could impair platform function, and regulatory changes in competition law or real estate regulation that might constrain how the business monetizes its user base and executes operations [8], [3].
Private competitors
- immowelt (brand operating entities sometimes held outside of listed parent structures)
- mobile.de (owned by private/strategic entities in classifieds ecosystem; significant local auto classifieds competitor)
- Various local proptech startups (examples: PriceHubble, onOffice, FlowFact — CRM/valuation/agent tools competing for ancillary services)
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Start Free TrialPerformance Figures of Scout24 AG
Relative Performance vs Benchmarks
| Period | Scout24 AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +7.81% | +1.33% | +3.36% |
| 3M | +9.41% | +0.64% | +4.04% |
| 6M | +16.20% | +10.43% | +1.90% |
| 1Y | -29.80% | -38.34% | -51.79% |
| 3Y | +34.12% | -34.54% | -50.58% |
| 5Y | +21.42% | -44.64% | -65.65% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 19.3 | 7.8 | 4.7 | 19.4 |
| 1Y ago | 47.2 | 13.4 | 6.3 | 32.6 |
| 3Y ago | 28.8 | 9.1 | 3.4 | 27.9 |
| 5Y ago | 59.8 | 16.7 | 3.3 | 56.6 |
Frequently Asked Questions
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What are the key metrics for G24.XETRA?
How has Scout24 AG's stock price performed?
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What are the key risks when investing in G24.XETRA?
- Global and local classifieds platforms pose a competitive threat that could compress pricing, reduce ad volumes, and erode market share [web:1][web:10].
- Regulatory and data-privacy requirements such as GDPR and consumer protection laws may raise compliance costs and constrain product capabilities, creating operational friction [web:10].
- Technology failures, AI shortcomings, and cybersecurity breaches—whether outages, data loss, or degraded AI capabilities—carry real risk of eroding user trust and compressing both operational and IT-dependent revenue [web:10].
- Recent acquisitions, particularly the Spain/Fotocasa deal and other M&A activity, carry meaningful execution risk. If integration stumbles or the acquired businesses underperform expectations, the company may realize fewer synergies than projected and face strain on its financial position [web:10].
Who are the main competitors of Scout24 AG?
When does Scout24 AG report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 1.50 EUR | 1.93% | 1.5% |
| 2025 | 1.32 EUR | 1.09% | |
| 2024 | 1.20 EUR | 1.68% | |
| 2023 | 1.00 EUR | 1.71% | |
| 2022 | 0.85 EUR | 1.74% | |
| 2021 | 0.82 EUR | 1.15% | |
| 2020 | 1.82 EUR | 2.64% | |
| 2019 | 0.64 EUR | 1.19% | |
| 2019 | 0.56 EUR | 1.22% | |
| 2018 | 0.56 EUR | 1.22% | |
| 2017 | 0.30 EUR | 0.88% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 649.56M | 566.34M | 509.11M | 447.54M | 389.04M |
| Operating income (EBIT) | 291.18M | 254.17M | 245.83M | 196.11M | 142.92M |
| Net income | 240.04M | 162.10M | 178.78M | 123.53M | 90.50M |
| Free cash flow | 280.28M | 232.11M | 176.66M | 132.32M | 106.09M |
| Total assets | 2.11B | 2.07B | 2.02B | 1.88B | 2.42B |
| Equity | 1.48B | 1.43B | 1.45B | 1.35B | 1.77B |
| Net debt | 100.10M | 124.21M | 128.90M | 122.55M | 139.19M |
PWP Leeway UG (haftungsbeschränkt)
