Scout24 AG
5-year stock timeline
Scout24 at 73.2 as of May 2026.
Major events
In 2020, Scout24 completed its portfolio reshaping and returned capital to shareholders through distributions and share measures as it worked through post-COVID conditions and the AutoScout24 sale aftermath.
From 2021 through 2023, the group posted double-digit revenue growth. Management progressively balanced growth with profitability, upgrading guidance multiple times in 2023, closing the Sprengnetter acquisition on 1 July 2023, and announcing a €100m buyback in March 2023.
Between 2024 and 2025, management introduced an "interconnectivity" growth strategy at the 2024 Capital Markets Day, backed by a 2024–2026 financial framework targeting margin expansion. The company raised dividend proposals, executed larger buybacks, and appointed Ralf Weitz as CEO effective 1 March 2025.
How the narrative evolved
Early 2020 through 2021, investors saw Scout24 as a post-pandemic recovery play. Listings and subscriptions rebounded, revenue returned to double-digit growth, and the story was straightforward recovery.
By 2023, the narrative had shifted to growth paired with profitability. Upgraded guidance, strong operating EBITDA expansion, and acquisitive product investments suggested the company had found durable operating leverage.
From late 2023 into 2025, the market increasingly viewed Scout24 as a shareholder-friendly compounder. Buybacks, rising dividend proposals, and a clear multi-year target framework from the Capital Markets Day gave investors both near-term returns and visibility into medium-term value creation.
Technical phases
The stock recovered from pandemic lows through 2020 and 2021 into a sustained uptrend as fundamentals improved.
2022 and 2023 brought consolidation and event-driven swings—pullbacks and sideways trading interrupted by breakouts following guidance upgrades and the buyback announcement.
From late 2023 through 2026, a multi-phase uptrend took hold, supported by record results, the CMD targets, and progressive shareholder returns. The share has stabilized into May 2026 around current levels as management executed on plan.
Key risks and downside factors
Scout24 operates Germany's leading online classifieds platforms for real estate (ImmobilienScout24) and autos (AutoScout24), with meaningful competitive distance from local players like Immowelt and Immonet. The natural peer set—Rightmove in the UK, REA Group in Australia, Zillow in the US—provides the useful benchmarks for product and competitive positioning. The business carries real constraints: revenue concentration in agent and listing advertising, persistent regional competition, exposure to property-market cycles, and the ever-present friction from data-privacy regulation that can squeeze monetization paths.
- Scout24 relies heavily on professional agents and advertisers for revenue. If listing average revenue per account (ARPA) drops or customers leave, the business faces real pressure. The concentration here matters—there's limited cushion if either metric softens.
- Intense competition from local portals like Immowelt, Immonet, and eBay Kleinanzeigen, alongside international heavyweights such as Rightmove, REA, and Zillow, creates meaningful pressure on both pricing power and market share [1][5][9][20][24].
- Macro-sensitive slowdowns in German and broader European property markets can sharply reduce ad volumes and subscription renewals, pressuring revenue growth [5][14].
- Regulatory shifts, data-privacy requirements, or changes to platform liability could narrow Scout24's ability to target users or monetize their marketplaces—and potentially lift compliance costs across the board.
Competitive landscape
Scout24 operates Germany's leading real-estate and automotive marketplaces—ImmoScout24 and AutoScout24—with commanding traffic and listings positions in the country [2][1]. At the European and global level, Rightmove, REA Group, and Adevinta represent the primary competitive set, though domestically the Immowelt/Immonet group (owned by Axel Springer/AVIV) remains the main private rival [17][20][21][22]. The business derives revenue from subscriptions, premium listings, and advertising, making it sensitive to platform traffic patterns, advertising cycles tied to macro conditions, and ongoing consolidation among classified operators [4][1][24][29].
| Company | Ticker |
|---|---|
| REA Group Ltd | REA.ASX |
Private competitors
- Immowelt / Immonet (AVIV / Axel Springer)
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Relative Performance vs Benchmarks
| Period | Scout24 AG | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +2.95% | +2.71% | -0.58% |
| 3M | +5.17% | +7.44% | -2.32% |
| 6M | -17.43% | -23.42% | -29.40% |
| 1Y | -36.69% | -38.52% | -61.87% |
| 3Y | +29.27% | -21.11% | -52.87% |
| 5Y | +18.77% | -39.78% | -70.56% |
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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 | 15.9 | 7.0 | 3.6 | 18.4 |
| 1Y ago | 48.7 | 13.8 | 5.7 | 32.7 |
| 3Y ago | 31.3 | 9.1 | 3.2 | 27.1 |
| 5Y ago | 2.7 | 17.6 | 2.2 | 103.6 |
Frequently Asked Questions
Where is the Scout24 AG stock traded?
What does Scout24 AG do?
What are the key metrics for G24.XETRA?
How has Scout24 AG's stock price performed?
How is G24.XETRA valued?
Does G24.XETRA pay dividends?
What are the key risks when investing in G24.XETRA?
- Scout24 relies heavily on professional agents and advertisers for revenue. If listing average revenue per account (ARPA) drops or customers leave, the business faces real pressure. The concentration here matters—there's limited cushion if either metric softens.
- Intense competition from local portals like Immowelt, Immonet, and eBay Kleinanzeigen, alongside international heavyweights such as Rightmove, REA, and Zillow, creates meaningful pressure on both pricing power and market share [web:1][web:5][web:9][web:20][web:24].
- Macro-sensitive slowdowns in German and broader European property markets can sharply reduce ad volumes and subscription renewals, pressuring revenue growth [web:5][web:14].
- Regulatory shifts, data-privacy requirements, or changes to platform liability could narrow Scout24's ability to target users or monetize their marketplaces—and potentially lift compliance costs across the board.
Who are the main competitors of Scout24 AG?
- REA Group Ltd (REA.ASX)
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 | — | 1.45% |
| 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)
