The financial services provider Hypoport recorded a significant increase in revenue and operating profit in the third quarter of 2024, driven by strong demand in the real estate financing sector. Revenue rose by an impressive 29% compared to the same quarter last year, reaching 114 million euros, as the company announced on Tuesday. This allowed Hypoport to reach the average revenue target set by analysts.

The operating result (EBIT) was also able to improve significantly, amounting to 3.6 million euros, compared to a loss of 1.1 million euros in the same period of the previous year. These figures exceed the forecasts of two experts recorded by the Bloomberg news agency.

A key driver of revenue growth was the Europace financing platform. In the third quarter, the processed financing volume increased by 25% to nearly 17.1 billion euros. This development underscores the increased activity in the real estate market and the growing significance of Hypoport as a provider of financial solutions.

The final figures for the third quarter will be published on November 11, with expectations that positive trends will continue. Despite the solid business performance, Hypoport's shares initially reacted positively in XETRA trading, but later temporarily lost 3.92% and were quoted at 240.00 euros.

This price movement may reflect investors' uncertainties about future developments, despite the strong performance in the current quarter.