Scout 24 Financial Statement: Q3 2024 Delivers €144 Million in Revenues, Up 8.5% Year-on-Year

Scout24 SE, the owner of German real estate classifieds giant Scout24 Group, has released its financial statement for the third quarter of the 2024 financial year.

Highlights include:

• Revenues grew 8.5% to €144 million for the quarter
• Ordinary operating EBITDA rises 16.1% YoY, to €90.7 million
• Private subscriptions (24.7%) and revenues (9.7%) both experience healthy growth Year-on-Year
• ARPU for the Professional segment slows but still records 6.4% growth YoY

Scout24 operates the market-leading real estate portal in Germany, ImmoScout24—one of the oldest and most profitable real estate portals in the world.

The portal stands out for having successfully monetized buyers and sellers on top of its traditional agent audience, a segment that has grown significantly and steadily over time.

In context, Scout24's Private Segment has contibuted more than a quarter of total Group revenues so far this year; €115.9 million is 28% of overall revenues of  €419.6 million since January.

Scout24 said:

At 13.8% in the third quarter of 2024, the Private segment once again accelerated its revenue growth compared with the already strong previous quarters. Subscription revenue also recorded very dynamic growth of 27.6% in the reporting quarter.

Private subscribers, combining landlords and homeseekers, surpassed 460,000 in Q3, contributing €40.7 million of total revenue.

However, Scout24's admirable record of eleven consecutive quarters of double-digit revenue growth finally ended—at 8.5% YoY for the quarter.