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CoStar Group Inc
XMUN:RLG

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CoStar Group Inc
XMUN:RLG
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Price: 26 EUR 0.44%
Market Cap: €10.6B

CoStar Group Inc
Investor Relations

CoStar Group collects and organizes detailed information about commercial and residential real estate, then sells access to that data through online tools and marketplaces. Its best-known products include CoStar for commercial property research, LoopNet for commercial listings, and Apartments.com and Homes.com for rental and home search. The company helps brokers, landlords, lenders, and tenants find properties, compare markets, and market available space or units. The company makes money mainly by charging subscriptions and listing or advertising fees. Real estate professionals pay for data, analytics, and workflow tools, while property owners and managers pay to advertise vacancies and attract renters or buyers. That means CoStar sits in the middle of the real estate transaction flow: it does not own the properties, but it helps people value them, market them, and find them. What sets CoStar apart is its large proprietary database of property records, listings, and market information, which is costly and time-consuming to build. That data supports recurring revenue from customers who rely on it every day. In simple terms, CoStar is part research company, part digital marketplace, and part lead-generation business for real estate.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 28, 2026
AI Summary
Q2 2026

Profitability inflection: CoStar said Q2 marked a major margin turn, with adjusted EBITDA of $184 million, more than doubling year over year and reaching a 20% margin a full quarter earlier than expected.

Revenue growth: Revenue was $925 million, up 18% year over year, extending the company’s streak to 61 straight quarters of double-digit revenue growth.

Guidance reset: Full-year revenue guidance was lowered to $3.715 billion to $3.755 billion, but adjusted EBITDA guidance was reaffirmed at $780 million to $820 million thanks to tighter expense control.

Homes.com shift: Management said Homes.com is moving toward a more efficient sales model, with more field selling, less expensive marketing, and a planned launch of depth advertising in the third quarter.

Apartment resilience: Apartments.com continued to grow despite tougher multifamily conditions and aggressive competition, while management said its lead-to-lease conversion advantage and pricing discipline remain intact.

AI push: CoStar highlighted new AI products across rent benchmarking, lease abstraction, Apartments.com, and Homes.com, and said AI is already helping lower costs while improving engagement.

Zonda deal: CoStar is still waiting on regulatory approval for its Zonda acquisition and expects to close it in the second half of 2026, with no impact included in current guidance.

Key Financials
Revenue
$925 million
Adjusted EBITDA
$184 million
Adjusted EBITDA margin
20%
Net new bookings
$69 million
Commercial revenue
$481 million
Residential revenue
$444 million
Commercial adjusted EBITDA
$172 million
Residential adjusted EBITDA
$12 million
CoStar revenue
$337 million
LoopNet revenue
$87 million
Homes.com revenue
$28.5 million
Homes.com annualized run rate
$116 million
Homes.com agent subscribers
over 36,000
Apartments.com revenue
$318 million
Apartments.com paid properties
nearly 93,000
Apartments.com monthly renewal rate
99%
Apartments.com NPS
88
Homes.com monthly cancel rate
2.4%
Share repurchases
2.4 million shares for $82.1 million
Sales headcount
1,975
Contract renewal rate
89%
Annual contracts subscription revenue
72%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Andrew C. Florance
President, Founder, CEO & Director
No Bio Available
Mr. Frank A. Simuro
Chief Technology Officer
No Bio Available
Mr. Christian M. Lown
Chief Financial Officer
No Bio Available
Mr. Jason Butler
Chief Information Officer
No Bio Available
Mr. Richard Simonelli
Head of Investor Relations
No Bio Available
Mr. Gene Boxer
General Counsel & Corporate Secretary
No Bio Available
Mr. Matthew R. Blocher
Vice President of Marketing & Communications
No Bio Available
Mr. Marc Swartz
Senior Vice President of Global Sales
No Bio Available
Mr. Michael Desmarais
Chief Human Resources Officer
No Bio Available
Mr. Mark Ibbotson
Managing Director - Canada
No Bio Available

Contacts

Address
WASHINGTON DC
WASHINGTON
1331 L St NW
Contacts
+12023466500.0
www.costargroup.com
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