CoStar Group IncCSGP
▲ PositiveCapitalrelevance
Record revenue, surging net income, and raised guidance are strong financial results.
Impact on stocks 1
Real Estate
CoStar Group IncCoStar Group reported record revenue of $925 million for the second quarter of 2026, an 18% increase year over year. Adjusted EBITDA more than doubled to $184 million, representing a 20% margin, while net income surged 817% from the prior year. Commercial revenue rose 8% to $481 million and residential revenue climbed 33% to $444 million, driven by a 19% increase in CoStar platform subscribers to 327,000. Net new bookings were $69 million, up 3% sequentially but down approximately 26% year over year, reflecting strategic restructuring and competitive pressures. The company revised its full-year revenue guidance to a range of $3.715 billion to $3.755 billion, a 15% increase at the midpoint, and expects full-year adjusted EBITDA between $780 million and $820 million.
CoStar Group IncRecord revenue, surging net income, and raised guidance are strong financial results.