Earnings release
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Corporate News 06/08/2026 Scout24 maintains strong momentum in Q2 with 20 % revenue growth , double - digit organic revenue growth and 18 % adjusted EPS growth Scout24 SE / Key word ( s ) : Half Year Results Scout24 maintains strong momentum in Q2 with 20 % revenue growth , double - digit organic revenue growth and 18 % adjusted EPS growth 06.08.2026 / 07:30 CET / CEST The issuer is solely responsible for the content of this announcement . Scout24 Scout24 SE / Key word ( s ) : Half Year Results Scout24 maintains strong momentum in Q2 with 20 % revenue growth , double - digit organic r growth and 18 % adjusted EPS growth 06.08.2026 / 07:30 CET / CEST The issuer is solely responsible for the content of this announcement . Scout24 maintains strong momentum in Q2 with 20 % revenue growth , double - digit orç revenue growth and 18 % adjusted EPS growth Revenue growth of 20.0 % in Q2 ( + 17.0 % in H1 ) , with double - digit organic revenue gr 10.4 % in Q2 ( + 10.5 % in H1 ) B2B subscription business delivering industry - leading mid - teens revenue growth , w ImmoPoints driving incremental monetisation and ARPU expansion B2C subscription growth accelerated both sequentially and y - o - y , with new product driving increasing adoption of higher - value memberships and a longer customer life Artificial Intelligence products increasingly transform customer experiences , workfl monetisation across Scout24's B2C and B2B platform Strong operating leverage in the German business , while continuing to invest in pro technology and Al ( organic ooEBITDA margin H1 : 63.0 % ; + 1.6pp ) ooEBITDA margin of 60.1 % in H1 , reflecting consolidation of the Spanish business Adjusted EPS grew 18.8 % in H1 , outpacing revenue growth despite absorbing the consolidation of the Spanish business Full - year guidance confirmed Munich / Berlin , 6 August 2026 Scout24 continued to deliver strong financial performance in the first half of 2026. Group rev increased by 20.0 % in Q2 , supported by the first full - quarter consolidation of the Spanish bu : while H1 2026 revenue growth reached 17.0 % . On an organic basis , Scout24 maintained its digit growth trajectory , with revenue increasing by 10.5 % in the first half of the year . The double - digit organic growth was driven by the strength of the B2B subscription business subscriptions and the pay - per - ad business provided further growth contributions in the Prival segment . The integration of artificial intelligence ( AI ) across the platform enhanced user eng product adoption and monetisation opportunities in both customer segments . Ordinary operating EBITDA increased by 14.6 % to EUR 223.9 million in the first half of 2026 the reported ordinary operating EBITDA margin of 60.1 % reflects the expected consolidation from the Spanish business , profitability in the core business improved . Excluding Spain , the ordinary operating EBITDA margin expanded to 63.0 % ( + 1.6pp y - o - y ) . This reflects the scala
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Scout24's business model, continued operating leverage and the Company's proven ability to successfully integrate acquisitions while enhancing their profitability. Update on Agentic OS for real estate AI integration accelerated further in the first half of 2026, marking another step towards Scou vision of becoming the agentic operating system for the real estate sector. AI is increasingly embedded across the Scout24 platform, enhancing customer experiences, automating workf creating additional monetisation opportunities across both segments. HeyImmo and AI-powe search continued their dynamic growth, further establishing themselves as a key AI-powered point for property search. In June 2026, users generated around 3.3 million AI-supported sea interactions, over 47 times the prior-year level, while referral traffic from external large langua models (LLMs) remained less than 1% of the total traffic volume. In the Professional segmen Scout24 further expanded AI capabilities within its membership products, including automatic generated property videos and intelligent listing placement features. Around 60% of B2B cus were already using ImmoPoints in June 2026, enabling access to AI-powered products and s monetisation across the platform. Usage of Propstack AI also continued to grow strongly, wit share of customers using AI features doubling year on year as intelligent capabilities expand key broker workflows. As AI capabilities continue to expand across consumer and profession products, Scout24 expects customer value, engagement and monetisation to reinforce one a strengthening the platform flywheel and supporting sustainable long-term growth. “Scout24 again delivered outstanding quarterly results, with 20% revenue growth and contin double-digit organic growth in Q2. We have started executing our strategy to build the Agenti real estate that we presented at our Capital Markets Day and are already turning it into tangi HeyImmo and our AI-powered search experience are industry-leading and growing exponent result, matchmaking efficiency of the platform increases, users are more engaged and find th homes faster – every interaction strengthens our intelligence flywheel. In the Professional bu customers are embracing AI features integrated in Propstack and our core memberships. Th further monetisation and increased usage of ImmoPoints, our digital currency for AI consump within our ecosystem. We have an exciting product pipeline and what we are seeing today is beginning. AI is expanding the opportunity ahead for Scout24,” comments Ralf Weitz, CEO o Scout24. Strong subscription demand and continued customer growth drive both segments The Professional segment increased revenue by 20.2% to EUR 277.6 million in the first ha (organic: +11.3%). Subscription revenue rose by 26.4% to EUR 209.7 million (organic: +14.2 remained the segment’s central growth driver. In Germany, subscription revenue grew by 14. EUR 180.2 million, supported by successful new customer acquisition and a stable existing c base, with the average number of customers up 3.6% to 24,525. Professional ARPU increase 10.4% to EUR 1,224 per month, reflecting upgrades into higher-value memberships, value-b pricing measures as well as the increasing use of AI-powered product features monetised via ImmoPoints. Subscription revenue Rest of Europe, comprising Spain and Austria, amounted 29.5 million, with the Spanish business consolidated for a complete quarter for the first time i second quarter. Transaction Enablement revenue increased by 4.7% to EUR 56.1 million, dri continued strong growth in the agent software business Propstack as well as our digital valua tools and ecosystem products, including homeowner leads and life assessment reports. Grow non-digital valuation services and mortgage leads was more moderate, reflecting the strateg on scaling Propstack and digital ecosystem products. Professional ordinary operating EBITD 17.7% to EUR 167.0 million. While the segment margin of 60.2% (-1.2pp y-o-y) reflects the consolidation of the Spanish business, the organic EBITDA margin from ordinary operating a rose again by 2.3 percentage points y-o-y to a new all-time high margin of 65.4% in the seco quarter of 2026. It demonstrates that the existing business continues to benefit from high ope leverage and cost discipline despite ongoing investments. The Private segment increased revenue by 8.6% to EUR 94.6 million in the first half of 2026 by both higher subscription revenue and the continued strong performance of the pay-per-ad business. Subscription revenue increased by 6.2% to EUR 55.7 million. Growth accelerated sequentially and year-on-year in the second quarter. Demand for SearchPlus for Rental rema 1) Group revenues minus the consolidated revenue contribution from the Spanish business in financial year 2026 (from Ma
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particularly strong, while LivingPlus maintained its rapid growth of around 60% in the first hal year. With its longer membership duration, LivingPlus creates an increasing customer lifetime that keeps customers on our platform beyond their search for a property. At the same time, th increasing adoption of higher-value memberships contributed to Private ARPU, which increas 3.3% to EUR 18.1 per month. The pay-per-ad business again grew at a double-digit rate in H (+11.1% to EUR 30.2 million), supported by a higher number of property listings on the platfo continued demand from private landlords to market their properties successfully in a still cha market environment. Private ordinary operating EBITDA increased by 6.3% to EUR 56.8 mill a margin of 60.1% (H1 2025: 61.4%), mainly reflecting higher marketing expenses. Continued revenue growth and organic Group margin expansion while investing in pro tech and AI Operating expenses increased by 21.0% to EUR 160.8 million in the first half of 2026, primar the initial consolidation of the Spanish platforms. On an organic basis, the cost base increase 6.4% and thus remained well below organic revenue growth of 10.5%. The below-proportiona increase in costs reflects Scout24’s ability to continue to generate operating leverage while maintaining investments in product development, AI and platform infrastructure. Personnel expenses rose by 9.7%, primarily reflecting the consolidation of the Spanish busin while organic personnel costs declined as a result of intensive efforts to achieve internal effic gains with the help of AI. Marketing (+43.7%) and IT expenses (+32.7%) increased predomin a result of the newly consolidated Spanish platforms as well as targeted brand and product campaigns; organically, IT costs continued to develop mid-single digit revenue growth in H1. Purchasing costs rose by 11.2% on higher demand for data and valuation products and SCH credit checks, and other operating expenses increased by 33.4%, mainly due to external con legal and audit services. Non-operating effectsimproved significantly to EUR -10.5 million in the first half of 2026 (H1 2 EUR -35.6 million). In the first quarter, the revaluation of provisions for share-based compens following the decline in the Company's share price resulted in a positive earnings effect. Sha compensation expenses therefore remained well below the prior-year level throughout the fir 2026 despite share-based compensation expenses of 8.3 million in Q2. At the same time, M& related expenses continued to be incurred in connection with the acquisition of the Spanish p primarily for closing, post-closing and migration activities. In addition, reorganisation expense increased compared with the prior-year period. EBITDArose by 33.6% to EUR 213.4 million. In addition to the strong operating performance benefited from substantially lower non-operating effects compared with the same period last financial result improved markedly to EUR 2.3 million (H1 2025: EUR -8.0 million), driven by from venture capital fund investments and positive foreign exchange effects. Supported by th operating performance and the improved financial result, profit before tax increased by 46.9% outpacing EBITDA growth. As a result of the slightly lower tax rate compared with the first ha 2025, net income increased significantly by 47.9% to EUR 131.7 million. Following the strong increase in net income, basic earnings per share (EPS) rose by 52.0% t 1.87 in the first half of 2026 (H1 2025: EUR 1.23), also benefiting from the lower average num shares following the ongoing share buy-backs. Adjusted net income rose by 15.7% to EUR 138.5 million. Adjusted earnings per share, whic normalises for specific non-operating factors, reached EUR 1.97 in the six months period (H1 EUR 1.65), delivering growth of 18.8% compared to the same period last year. Cash flow from operating activities amounted to EUR 120.7 million in the first half of 2026 (H EUR 133.5 million). Although benefiting from positive operational performance, it was 9.6% b prior-year level. The decline was primarily driven by cash outflows from the utilization of LTIP provisions amounting to EUR 25.4 million (H1 2025: EUR 3.3 million). “After more than 5 months at Scout24, my hypothesis has been confirmed and I am even mo convinced of the quality of this business and its long-term potential than when I joined. What impressed me most is our relentless product- and innovation-first mindset. Financial perform the outcome of building products that customers truly value. This quarter once again demons
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how our strategy translates into financial performance, combining strong growth, expanding m in Germany and 19% adjusted EPS growth in the first half. Our Professional membership bus a great example of this approach. By continuously innovating our products and putting custo we have built a business with industry-leading double-digit revenue growth rates. Our track r successfully integrating acquisitions while expanding margins in our Professional business g strong confidence in the margin trajectory of our Spanish business as we look towards 2027. Combined with the opportunities we outlined at our Capital Markets Day, we are well position continue delivering sustainable growth, increasing profitability and long-term shareholder val years ahead,” said Martin Mildner, CFO of Scout24 SE. EUR million Q2 2026 Q2 2025 Change H1 2026 H1 2025 Group revenue 192.7 160.6 +20.0% 372.2 318.2 Professional segment 144.0 115.7 +24.5% 277.6 231.0 Private segment 48.7 44.9 +8.4% 94.6 87.2 Group ordinary operating EBITDA 116.0 101.7 +14.1% 223.9 195.4 Professional segment 86.2 73.1 +18.0% 167.0 141.9 Private segment 29.8 28.6 +4.1% 56.8 53.5 Group ordinary operating EBITDA margin (%) 60.2 % 63.3 % -3.1pp 60.1 % 61.4 % Professional segment 59.9 % 63.1 % -3.3pp 60.2 % 61.4 % Private segment 61.2 % 63.7 % -2.5pp 60.1 % 61.4 % Group EBITDA 101.0 73.9 +36.7% 213.4 159.8 Net Income 63.2 39.0 +61.9% 131.7 89.0 Adjusted net Income 71.4 62.6 +14.1% 138.5 119.7 Earnings per share (basic, EUR) 0.90 0.54 +67.0% 1.87 1.23 1,2 1,2,3 1
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Adjusted earnings per share (basic, EUR) 1.02 0.87 +17.7% 1.97 1.65 Management Board confirms its guidance for the financial year 2026 Scout24 Group is convinced that it can offer its customers significant added value in various situations with its diversified product portfolio as well as the ongoing integration of AI along th real estate value chain. The basis for this is the consistent execution of the product- and tech driven strategy with a clear focus on interconnectivity and AI. In this context, the Managemen remains confident that it will again increase revenue in 2026 while maintaining high profitabil Therefore, the Management Board once again confirms its forecast published on 26 Februar and expects revenue growth of 16-18%, of which 6-7 percentage points are attributable to in contribution from Spain . Furthermore, the Management Board expects an ordinary operating margin of up to 61% (organic up to 64%). In the first quarter of 2026, the Management Boar already confirmed its financial forecast for the 2026 financial year for the first time. Half-year report 2026 A detailed description of the development of business and the results of operations is provide half-year financial report 2026, which is available at www.scout24.com/en/investor- relations/financial-reports-presentations . An overview of the current and historical key f figures at Group and segment level is also provided in a table on that page. Webcast Scout24 will hold a webcast and conference call on the Q2/H1 2026 results today (6 August 2 15.00 CEST. The links to the dial-in details, registration and recording can be found at www.scout24.com/en/investor-relations/financial-events/financial-calendar. Next reporting dates Scout24 will publish the results for the third quarter and the first nine months of 2026 on 4 November 2026. About Scout24 Scout24 is one of the leading tech companies in Germany. With the marketplace ImmoSco residential and commercial real estate, we successfully bring together homeowners, real esta agents, tenants, and buyers – and we have been doing so for more than 25 years. With appr million users per month on the website or in the app, ImmoScout24 is the market leader for d estate listing and search. To digitalise the process of real estate transactions, ImmoScout24 continually developing new products and building up a networked, data-rich ecosystem for re buying, and commercial real estate in Germany and Austria, and since 2026 also in Spain. S a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the DAX, the DAX 50 ESG and the DAX 50 ESG+. Further information is available on LinkedIn. Contact for Investor Relations Filip Lindvall Vice President Group Strategy & Investor Relations Tel: +49 30 243011917 Email: ir@scout24.com Contact for media Theresa Lewandowski Senior Manager Corporate Communications Tel: +49 30 243 011422 Email: mediarelations@scout24.com Disclaimer 4 1 EBITDA (unadjusted) is defined as earnings before the financial result, income taxes, depreciation, amortisation and anylosses or reversals of impairment losses.2 Ordinary operating EBITDA refers to EBITDA adjusted for non-operating effects, which mainly include expenses for sharepayments, M&A activities (realised and unrealised), reorganisation and other non-operating effects.3 The ordinary operating EBITDA margin is defined as ordinary operating EBITDA as a percentage of revenue.4 Adjusted (1) for non-operating effects, which are also used to determine ordinary operating EBITDA, (2) for depreciation,and impairment losses on assets acquired in business combinations, and (3) effects from business combinations included financial result, such as the measurement of purchase price liabilities. 2 3 2) Including the (consolidated) revenue contributions from Fotocasa Group S.L.U. (formerly: Adevinta Real Estate S.L.U.) asubsidiaries in the financial year 2026 (as of March 2026).3) Excluding the (consolidated) contributions from Fotocasa Group S.L.U. (formerly: Adevinta Real Estate S.L.U.) and its sin the financial year 2026 (as of March 2026).
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This document contains carefully prepared information. However, the Company does not gua the accuracy, completeness or reliability of the information and assumes no liability for losses resulting from the use of this information. This document may contain forward-looking statem about the business, financial and earnings situation as well as profit forecasts of the Scout24 which are only valid at the time of publication of this document. Terms such as “may”, “will”, “ “anticipate”, “consider”, “intend”, “plan”, “believe”, “continue” and “estimate”, variations of suc or similar expressions characterise these forward-looking statements. Such forward-looking statements are based on the current assessments, expectations, assumptions and informatio Scout24 Management Board, many of which are beyond Scout24’s control. The statements a subject to a variety of known and unknown risks and uncertainties. Actual results and develo may therefore differ materially from these forward-looking statements. The Company assume obligation and does not intend to update, review or correct these forward-looking statements new information or future events or for other reasons, unless there is an express legal obliga so. Alternative performance measures are used that are not defined according to IFRS and s considered supplementary. Special items used to calculate some alternative metrics may not from ordinary business activities. Due to rounding, numbers and percentages may not accura reflect the absolute figures. In case of any divergence, the German version shall have preced over the English translation. The business figures contained in this document have neither be audited in accordance with § 317 HGB nor reviewed by an auditor. 06.08.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate New Press Releases. Language: English Company: Scout24 SE Invalidenstraße 65 10557 Berlin Germany E-mail: ir@scout24.com Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX LEI Code: 5493007EIKM2ENQS7U66 EQS News ID: 2378310
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End of News EQS News Service 2378310 06.08.2026 CET/CEST Back