CoStar Group Reports Record Third Quarter Revenue of $952 Million; Profitability Surges with Net Income of $74 Million; Highest Ever Adjusted EBITDA of $229 Million, Doubling Year-over-Year; Raises Full-Year 2026 Adjusted EBITDA Guidance
CoStar Group reported record Q3 2026 revenue of $952 million, up 14% year-over-year, with net income swinging from a $31 million loss to $74 million profit. Adjusted EBITDA hit a record $229 million, doubling year-over-year and beating the high end of the company's own $190-210 million guidance range, while Adjusted EPS rose 65% to $0.38. Management raised full-year 2026 guidance across the board: Adjusted EBITDA to $820-840 million, revenue to $3.75-3.77 billion (~16% growth), and Adjusted EPS to $1.38-1.41, and reiterated its 2028 Adjusted EBITDA target of $1.25 billion.
Key figures
- Eps
- 0.18
- Revenue
- 952000000
- Guidance
- FY26 Adjusted EBITDA raised to $820-840M (+$30M at midpoint vs July guidance); FY26 revenue raised to $3.75-3.77B (~16% YoY growth); FY26 Adjusted EPS raised to $1.38-1.41; Q4 revenue $976-996M; Q4 Adjusted EBITDA $275-295M
- Revenue Yoy
- 14%
- Ebitda
- 179000000
- Net income
- 74000000
- Adjusted eps
- 0.38
- Adjusted ebitda
- 229000000
- Adjusted eps yoy
- 65%
- Net new bookings
- 37000000
- Adjusted ebitda yoy
- doubled
- Adjusted net income
- 153000000
- Adjusted net income yoy
- 59%
- Monthly unique visitors
- 121 million
- Cost savings identified 2026
- $150 million realized plus at least $200 million identified over next 12-18 months
- Fy2028 adjusted ebitda target
- $1.25 billion
AI analysis
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