Scout24 SE Reports Strong Growth in Q3 2024, Expects FY2024 Growth at Upper End

Scout24 SE has announced a continued growth momentum in the third quarter of 2024, with group revenues increasing by 8.5% for the quarter and 11.4% over the nine months. The growth was primarily fueled by strong performances in professional memberships and private subscriptions. The company saw a rise in numbers across both customer segments, with professional customers growing by 2.5% and private subscribers by 24.7%.

The company's operating leverage also increased, with an ordinary operating EBITDA growth of 16.1% in Q3 and a margin expansion to 62.9%. Adjusted earnings per share rose significantly by 16.0%. For FY2024, Scout24 expects both revenue growth and the ordinary operating EBITDA margin to align towards the upper end of their guidance.

Driven by the demand for Scout24's products in the real estate market, the Professional segment saw a 6.5% revenue growth, while the Private segment experienced a revenue surge of 13.8% in Q3. With these results, the company's CFO, Dirk Schmelzer, expressed confidence in achieving a fourth consecutive year of double-digit revenue growth.