Scout24 Q1 2026 earnings soar with 13.96% revenue growth and record profits
Scout24 Reports Strong First-Quarter Growth, Expands Share Buyback Program
Scout24 saw significant increases in revenue, operating profit, and net income in the first quarter, while also raising the volume of its share buyback program. Revenue for Q1 2026 climbed by 13.96% to €179.6 million, with organic growth reaching 10.7%. Adjusted EBITDA rose by 15.0% to €107.9 million, while the adjusted EBITDA margin improved by 0.6 percentage points to 60.1%. Net profit after tax surged by 37.4% to €68.5 million. Earnings per share jumped by 40.2% to €0.97, and adjusted earnings per share increased by 20.1% to €0.95. Free cash flow grew by 10.6% to €56.3 million.
The company also reaffirmed its full-year guidance for 2026. CFO Martin Mildner stated that Scout24 remains on track to meet its 2026 targets. Additionally, the group announced yesterday evening that it would increase the 2026 share buyback program from the previous €100 million by an additional €250 million, bringing the total to up to €350 million.
Following the announcement, the stock surged in after-hours trading yesterday, reaching around €73—a gain of over 8%. While it has since pulled back from that level, it remains up roughly 3% at present. From a technical perspective, this movement brings a critical juncture at the lower end of the broader downtrend:
Did April Mark a Turning Point?
Scout24's stock had already come under pressure ahead of its inclusion in the DAX and has been struggling with a steep downward trend since breaking below its key uptrend line in September 2025—a trend that remains intact.
This prolonged decline pushed the share price down to support at €65.90, where it has been attempting to establish a floor for weeks. Recently, it reclaimed the €65.90 support level and even broke above the broader downtrend line.
However, three key resistance levels now stand in the way of a confirmed trend reversal: 1. Last week's high at €73.00. 2. The former mid-term support at €73.36. 3. The March peak at €75.05, which marked the starting point of the latest short-term decline to this year's low.
A decisive break above all three barriers would signal a trend reversal. Should that occur, a rapid recovery toward €80.60 and the former uptrend line near €83.00 could follow.
If the stock holds above the downside target of €60.80 and support at €62.70—either directly or after a brief pullback—before breaking above €75.05, it could even rally toward €90.00 over the coming weeks.
Downside Risks
If the current upward momentum fizzles out, the stock could retreat from the broken trendline resistance near €67.50, potentially launching another assault on the broader resistance zone. A drop below that level would darken the technical outlook.
Should the share price fall back below €65.90, it could not only retest this year's low at €62.70 but also plunge directly to the major downside target of €60.80. At that point, buyers would have another opportunity to initiate an uptrend while preventing further losses toward €55.20 and €52.00.
Technical Conclusion
The likelihood of a trend reversal above €60.80 has increased significantly following today's developments. Nevertheless, a sustainable break above the €73.00–€75.05 resistance zone is needed to confirm a buy signal. If achieved, Scout24's stock could even recover toward €90.00 in the weeks ahead.
