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About the company

Scout24 is a leading, asset-light digital platform operating at the heart of Germany’s real-estate ecosystem. Its flagship brand, ImmoScout24, is the country’s most widely used and trusted online property marketplace, serving as a critical connection point between buyers, sellers, tenants, landlords, and real-estate professionals. The platform benefits from powerful network effects: as more users and listings are added, its value to participants increases, reinforcing its market dominance. Beyond its core listings business, Scout24 has evolved into a comprehensive end-to-end real-estate platform. It generates recurring revenues through subscription models and software tools that support both consumers and professional agents.

Why we like it

Scout24 uses its pricing power effectively and has been more innovative than peers in lead generation and subscription products, making it resilient in different market environments. Its focus on broadening its suite of value-added services, from agent productivity tools to consumer finance integrations, creates multiple levers for future expansion. With improved product offerings, valuable data from acquisitions, and improving real-estate conditions, it offers a long runway for consistent revenue growth and value creation.