Q1 2026 Scout24 SE Earnings Call Transcript
Key Points
- Scout24 SE (SCCTY) reported double-digit organic revenue growth and mid-teens growth in ordinary operating EBITDA for Q1 2026.
- The company achieved a 20% increase in adjusted EPS, driven by strong performance in both Professional and Private segments.
- AI integration has led to higher engagement, increased usage, and improved monetization across the platform.
- The acquisition in Spain has been completed, contributing to revenue growth and strategic expansion.
- Scout24 SE (SCCTY) is upsizing its share buyback volume for 2026, reflecting confidence in future performance.
- Web traffic was down in the quarter, attributed to macroeconomic factors and changing consumer habits.
- The rollout of the new tiering model in the Private segment has caused some initial noise and slower subscription growth.
- There is ongoing uncertainty in the German real estate market due to macroeconomic conditions and geopolitical developments.
- Marketing expenses increased significantly, impacting margins, particularly due to the integration of the Spanish business.
- The company faces competition from other platforms, which may impact market share and growth potential.
Ladies and gentlemen, welcome to the Scout24 Q1 2026 results conference call. I am Mathilde, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) At this time, it's my pleasure to hand over to Filip Lindvall, Vice President, Group Strategy and Investor Relations. Please go ahead.
Good afternoon, everyone, and welcome to Scout24's Earnings Call for the First Quarter of 2026. My name is Filip Lindvall, and I'm Vice President, Group Strategy and Investor Relations at Scout24. With me on the call today are Ralf Weitz, our Chief Executive Officer; and Martin Mildner, our Chief Financial Officer.
Ralf will start the presentation with key business highlights, and Martin will provide a detailed overview of our financial results. As always, we will conclude the call with a Q&A session. You can find today's presentation on our website, under Financial Reports and Presentations. This session will be recorded and a
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