Earnings summaries and quarterly performance for COSTAR GROUP.
Executive leadership at COSTAR GROUP.
Andrew C. Florance
Detailed
Chief Executive Officer and President
CEO
CL
Christian Lown
Detailed
Chief Financial Officer
FS
Frank Simuro
Detailed
Chief Technology Officer
FS
Frederick Saint
Detailed
President, Marketplaces
GB
Gene Boxer
Detailed
General Counsel and Corporate Secretary
LR
Lisa Ruggles
Detailed
Senior Vice President, Global Operations
Board of directors at COSTAR GROUP.
Research analysts who have asked questions during COSTAR GROUP earnings calls.
Peter Christiansen
Citigroup Inc.
9 questions for CSGP
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Ryan Tomasello
Keefe, Bruyette & Woods
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Curtis Nagle
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6 questions for CSGP
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Robert W. Baird & Co. Incorporated
5 questions for CSGP
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Stephen Sheldon
William Blair & Company
5 questions for CSGP
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JPMorgan Chase & Co.
4 questions for CSGP
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4 questions for CSGP
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George Tong
Goldman Sachs
4 questions for CSGP
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Stephen Sheldon
William Blair
4 questions for CSGP
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John Campbell
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3 questions for CSGP
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Andrew Boone
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2 questions for CSGP
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Craig Huber
Huber Research Partners
2 questions for CSGP
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Jeffrey Silber
BMO Capital Markets
2 questions for CSGP
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KF
Keen Fai Tong
Goldman Sachs Group Inc.
2 questions for CSGP
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NJ
Nicholas Jones
Citizens JMP
2 questions for CSGP
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Scott Wurtzel
Wolfe Research
2 questions for CSGP
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SC
Sid Chhabra
RBC Capital Markets
2 questions for CSGP
Ashish Sabadra
RBC Capital Markets
1 question for CSGP
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BW
Basal Wit
Deutsche Bank
1 question for CSGP
BW
Basil Witte
Deutsche Bank
1 question for CSGP
JY
Jun Yong
Wells Fargo & Company
1 question for CSGP
JZ
Jun Zhang
Wells Fargo
1 question for CSGP
ST
Surinder Thind
Jefferies Financial Group
1 question for CSGP
Also covers: ASGN, CLVT, CTSH +25 more
Recent press releases and 8-K filings for CSGP.
CoStar Group criticized for reducing segment transparency
CSGP
Accounting Changes
- D.E. Shaw slams CoStar’s recent segment reorganization, which folds Homes.com into a broader “Residential” unit and ceases separate disclosure of Homes.com net new bookings, accusing management of obscuring underperformance.
- The stock fell 9% the day after the announcement, wiping out nearly $2 billion in market value, reflecting investor concern over the reduced visibility into Homes.com’s metrics.
- D.E. Shaw argues the move erodes accountability for the underperforming unit, noting CoStar’s shares are trading near seven-year lows, and demands enhanced board oversight to restore transparency.
3 days ago
CoStar Group releases Multifamily Rent Growth Report for February 2026
CSGP
Demand Weakening
- National U.S. apartment rents rose to $1,716 in February 2026, a +0.1% increase from December’s revised $1,714.
- Annual rent growth slowed to 0.4% in February 2026, down from 0.6% in January 2026 and +1.5% in February 2025.
- Month-over-month, 38 of the top 50 markets posted gains; Richmond led at +0.8%, while San Francisco delivered the strongest annual increase at +5.7%.
- Elevated supply pressures continue to temper momentum, with Sun Belt metros like Austin (-5.1%) and Phoenix (-3.3%) recording the steepest annual declines.
Feb 25, 2026, 2:00 PM
CoStar Group reports Q4 2025 results
CSGP
Earnings
Guidance Update
Share Buyback
- CoStar delivered Q4 revenue of $900 million (27% y/y) and FY 2025 revenue of $3.2 billion (19% y/y); adjusted EBITDA was $442 million, up 83% y/y (14% margin).
- The company affirmed 2026 guidance: revenue of $3.78 billion–$3.82 billion (16–18% y/y growth) and adjusted EBITDA of $740 million–$800 million (20–21% margin).
- In 2025, the residential segment generated $1.46 billion in revenue (+20% y/y) and the commercial segment $1.79 billion (+18%); 2026 segment guidance is $1.825 billion–$1.845 billion for residential and $1.955 billion–$1.975 billion for commercial.
- The board authorized a new $1.5 billion share repurchase, with $700 million planned in 2026—including a $500 million accelerated buyback in Q1.
- CoStar launched Homes AI, an AI-driven home-search interface; AI users spend ~16 min 50 sec on site vs. 4 min 24 sec for non-AI users and submit 7× more leads, enhancing residential engagement.
Feb 24, 2026, 10:00 PM
CoStar Group reports Q4 2025 results
CSGP
Earnings
Guidance Update
Share Buyback
- CoStar Group posted Q4 revenue of $900 million (up 27% YoY) and full‐year 2025 revenue of $3.2 billion (up 19% YoY), alongside full‐year adjusted EBITDA of $442 million (14% margin, +83% YoY).
- The newly defined commercial segment generated $1.79 billion in 2025 revenue (up 18% YoY), while the residential segment achieved $1.46 billion (up 20% YoY, 12% organic).
- For 2026, CoStar affirmed guidance of $3.78–3.82 billion in revenue (16–18% growth) and $740–800 million in adjusted EBITDA (20–21% margin), with quarterly EBITDA margins expected to expand by ~5 p.p. each quarter.
- Announced a $700 million share repurchase program in 2026, comprising a $500 million accelerated share repurchase this quarter and $200 million in open‐market buys.
Feb 24, 2026, 10:00 PM
CoStar Group reports Q4 2025 results
CSGP
Earnings
Guidance Update
Share Buyback
- CoStar Group delivered Q4 revenue of $900 million (+27% Y/Y) and FY 2025 revenue of $3.2 billion (+19% Y/Y).
- GAAP net income was $47 million in Q4 and $7 million for FY, with Q4 adjusted EBITDA of $177 million (20% margin) and FY adjusted EBITDA of $442 million (14% margin).
- CoStar Group sites averaged 139 million unique visitors in Q4 2025; the Homes.com network reached 108 million.
- 2026 guidance calls for Q1 revenue of $890 million–$900 million (22%–23% Y/Y) and FY revenue of $3.78 billion–$3.82 billion; a $1.5 billion stock repurchase program was authorized, with $700 million expected to be repurchased in 2026.
Feb 24, 2026, 10:00 PM
CoStar Group reports Q4 2025 results
CSGP
Earnings
Guidance Update
Share Buyback
- Q4 2025 revenue was $900 M, up 27% YoY; full‐year 2025 revenue reached $3.2 B, a 19% increase.
- Full‐year 2025 adjusted EBITDA was $442 M, up 83% YoY; 2026 full‐year adjusted EBITDA guidance of $740 M–$800 M (20–21% margin) and Q1 2026 EBITDA of $95 M–$115 M.
- 2025 segment revenues: Commercial at $1.79 B (+18%) and Residential at $1.46 B (+20%).
- Net new bookings in FY 2025 totaled $308 M (+23%), with Q4 2025 bookings of $75 M (+42%).
- 2026 revenue guidance of $3.78 B–$3.82 B (16–18% growth) and Q1 2026 revenue of $890 M–$900 M (+22–23%).
Feb 24, 2026, 10:00 PM
CoStar Group reports Q4 and full-year 2025 results
CSGP
Earnings
Guidance Update
Share Buyback
- Revenue for the year ended December 31, 2025 was $3.2 billion, up 19% year-over-year; Q4 2025 revenue was $900 million, up 27% versus Q4 2024.
- Profitability: Net income was $7 million for full-year 2025 and $47 million in Q4 2025; Adjusted EBITDA rose 83% to $442 million for the year and 58% to $177 million in Q4.
- Record net new bookings of $308 million in 2025; the Company completed $500 million of share repurchases in Q4 and plans to repurchase $700 million in 2026.
- 2026 guidance: full-year revenue of $3.78 billion – $3.82 billion (≈17% growth) and Adjusted EBITDA of $740 million – $800 million; Q1 2026 revenue of $890 million – $900 million and Adjusted EBITDA of $95 million – $115 million; Adjusted EPS of $1.22 – $1.33 for the year and $0.16 – $0.19 for Q1.
Feb 24, 2026, 9:04 PM
CoStar Group reports FY 2025 results
CSGP
Earnings
Share Buyback
- Revenue of $3.2 B for the full year, up 19% YoY; Q4 revenue was $900 M, a 27% increase over Q4 2024.
- GAAP net income of $7 M (EPS $0.02) in FY 2025; adjusted net income of $364 M (+23%) and adjusted EBITDA of $442 M (+83%).
- Q4 2025 net income was $47 M (EPS $0.11); adjusted EBITDA of $177 M, a 58% YoY rise.
- Recorded net new bookings of $308 M for the year.
- Announced a $700 M share repurchase plan for 2026 after completing $500 M in Q4 2025.
Feb 24, 2026, 9:02 PM
CoStar Group launches Homes AI on Homes.com
CSGP
Product Launch
- CoStar Group launched Homes AI, a real-time, voice-enabled AI experience on Homes.com powered by Microsoft Azure OpenAI, enabling two-way conversational home searches.
- Homes AI draws on Homes.com’s property database, Matterport 3D digital twins, images, proprietary school and neighborhood data, and market intelligence to deliver personalized guidance.
- The AI operates entirely within Homes.com’s proprietary ecosystem and does not train external models, while upholding “Your Listing, Your Lead” to route buyer and renter inquiries directly to listing agents.
- CoStar plans to roll out this AI capability across its other platforms, including Apartments.com, LoopNet, Land.com, and BizBuySell.
Feb 17, 2026, 12:00 PM
CoStar Group rebuffs D.E. Shaw activism, highlights board refresh and capital actions
CSGP
Board Change
Share Buyback
Executive Compensation
- CoStar Group has already refreshed its board with three new independent directors (including two recommended by D.E. Shaw and Third Point) and appointed a new independent board chair in response to activist demands.
- The company formed a Capital Allocation Committee and will reduce Homes.com net investment by $300 million in 2026 (and $100 million annually thereafter) to achieve break-even by 2029 while increasing commercial product investments.
- CoStar has accelerated its $500 million share repurchase program initiated in 2025 and authorized an additional $1.5 billion repurchase in January 2026.
- After engaging the top 50 stockholders (representing 77% of shares), CoStar implemented a redesigned 2026 executive compensation program with more rigorous, quantitative goals, enhanced transparency, and a simplified structure.
- Despite 14 meetings over nine months (including two with independent directors only), CoStar asserts D.E. Shaw’s narrative mischaracterizes the board’s engagement and understates the value creation plan for Homes.com.
Feb 5, 2026, 1:30 PM
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