Germany's Platform Group 9M revenue rises on partner expansion, segments growth

By Reuters News


Overview

  • Germany software platform provider's 9M 2026 net revenue rose 17%, adjusted EBITDA up 16% yr/yr

  • Growth driven by more partners and expansion in most business segments

  • Company reduced headcount and leverage during the period


Outlook

  • Company confirms 2026 GMV guidance of EUR 1.7 bln

  • Company expects 2026 net revenue of at least EUR 1.0 bln

  • Company sees 2026 adjusted EBITDA between EUR 70 mln and EUR 80 mln


Result Drivers

  • PARTNER EXPANSION - Co said revenue growth was driven by an increase in connected partners and growth in most business segments

  • ACTIVE CUSTOMERS - Co said higher number of active customers and increased average order value contributed to growth

  • COST REDUCTION - Co reduced headcount as part of new group structure and AI initiative


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Net Income

EUR 44.40 mln

9M Adjusted EBITDA

EUR 53.30 mln

9M GMV

EUR 1.08 bln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the online services peer group is "buy."

  • Wall Street's median 12-month price target for Platform Group SE & Co KgaA is €17.00, about 2,831% above its November 4 closing price of €0.58

  • The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago


Reuters Recommended Reads

  • Nov 4 - Germany's Scout24 Q3 revenue beats on strong subscription growth

  • Nov 5 - Germany's Nemetschek Q3 revenue slightly misses estimates; backs FY outlook

  • Nov 4 - Germany's ZEAL Network 9-month revenue rises on lotteries demand, lifts 2026 sales outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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