Scout24 falls as Spain deal weighs on 2026 margin outlook
#Scout24 #Spanish acquisition #margin pressure #2026 outlook #real estate platform #EBITDA #revenue growth #Fotocasa and Habitaclia
📌 Key Takeaways
- Scout24's Q4 2025 results met expectations but shares fell due to 2026 margin concerns
- Company reported solid 2025 growth with revenue up 14.7% and EBITDA up 16.5%
- 2026 guidance includes 16-18% revenue growth but lower-than-expected margins due to Spanish acquisition
- Both Professional and Private segments showed strong customer growth in 2025
📖 Full Retelling
German real estate platform Scout24 AG (ETR:G24n) on Thursday reported fourth quarter 2025 results that met analyst expectations, but shares fell 4.4% as the company's 2026 guidance reflected margin pressure from its pending Spanish acquisition of Fotocasa and Habitaclia. The company posted fourth quarter revenue of €165.7 million, up 13.0% year-over-year and in line with the consensus estimate of €166 million. Adjusted operating EBITDA rose 16.7% to €106.1 million, slightly ahead of the €105 million consensus. For the full year 2025, revenue climbed 14.7% to €649.6 million, representing 11.0% organic growth, while adjusted operating EBITDA increased 16.5% to €405.7 million. The adjusted operating EBITDA margin expanded 1.0 percentage point to 62.5%. For 2026, Scout24 expects revenue growth of 16-18%, including a 6-7 percentage point inorganic contribution from its Spanish acquisition, but guided to an adjusted operating EBITDA margin of up to 61%, or up to 64% on an organic basis excluding Spain. This compares to consensus expectations of 18% revenue growth and a 60.5% margin. The Professional segment delivered 14.8% revenue growth for the year, driven by strong demand for agent memberships, with customer numbers reaching 26,027, up 5.7% YoY. The Private segment accelerated revenue growth to 14.5%, with customer numbers rising 14.0% to 506,937.
🏷️ Themes
Corporate earnings, Mergers and acquisitions, Real estate market
📚 Related People & Topics
Earnings before interest, taxes, depreciation and amortization
Accounting measure of a company's profitability
Earnings before interest, taxes, depreciation, and amortization, commonly known as EBITDA ( EE-bit-dah, EB-it-dah), is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset bas...
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Connections for Earnings before interest, taxes, depreciation and amortization:
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold just higher ahead of U.S.-Iran nuclear talks Nvidia shares edge up as cash return questions remain despite revenue outlook beat Nvidia, Salesforce earnings; U.S.-Iran nuclear talks - what’s moving markets Nasdaq ends more than 1% higher as Nvidia rises pre-earnings, tech extends rebound (South Africa Philippines Nigeria) Scout24 falls as Spain deal weighs on 2026 margin outlook By Maria Ponnezhath Author Maria Ponnezhath Earnings Published 02/26/2026, 05:09 AM Scout24 falls as Spain deal weighs on 2026 margin outlook 0 G24n -4.76% Investing.com -- Scout24 AG (ETR:G24n) on Thursday reported fourth quarter results that met analyst expectations, but shares fell 4.4% as the company’s 2026 guidance reflected margin pressure from its pending Spanish acquisition. The German real estate platform posted fourth quarter revenue of €165.7 million, up 13.0% YoY and in line with the consensus estimate of €166 million. Adjusted operating EBITDA rose 16.7% to €106.1 million, slightly ahead of the €105 million consensus. For the full year 2025, revenue climbed 14.7% to €649.6 million, representing 11.0% organic growth, while adjusted operating EBITDA increased 16.5% to €405.7 million. The adjusted operating EBITDA margin expanded 1.0 percentage point to 62.5%. Unlock premium chipmaker and AI insights with InvestingPro The Professional segment delivered 14.8% revenue growth for the year, driven by strong demand for agent memberships, with customer numbers reaching 26,027, up 5.7% YoY. The Private segment accelerated revenue growth to 14.5%, with customer numbers rising 14.0% to 506,937. For 2026, Scout24 expects revenue growth of 16-18%, including a 6-7 percentage point inorganic contribution from its acquisition of Spain’s Fotocasa and Habitaclia. The company guided to an adjusted operating EBITDA margin of up to 61%, or up to 64% on an organic basis excluding Spain. This compares to consensus expectations of 18% revenue...
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