CoStar Group (CSGP)
NASDAQ:CSGP
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call demonstrated broad top-line strength, product momentum (notably Homes AI and CoStar product expansions), record net new bookings and a large adjusted EBITDA beat for 2025, alongside aggressive global expansion and tangible capital return plans. Near-term profitability is being deliberately traded for targeted investments: the Residential segment faces low 2026 margins and Q1 seasonal EBITDA weakness, and Commercial margins will be muted in 2026 due to simultaneous investments and the first full-year impact of recent acquisitions. Overall, the business shows strong operating momentum and strategic optionality with expected margin expansion through 2026–2027, while bearing near-term execution and macro risks.Company Guidance
Revenue Growth and Scale
Q4 2025 revenue grew 27% year-over-year to $900 million; full-year 2025 revenue was $3.20 billion, up 19% YoY. This marks the company's 59th consecutive quarter of double-digit revenue growth.
Substantial Adjusted EBITDA Expansion
Full-year 2025 adjusted EBITDA was $442 million, up 83% from $241 million in 2024 (14% adjusted EBITDA margin in 2025). Company affirmed 2026 adjusted EBITDA guidance of $740–$800 million (20%–21% margin).
Record Net New Bookings
Annualized net new sales bookings for 2025 reached $308 million, up 23% YoY; Q4 net new bookings were $75 million, up 42% YoY and noted as the second-highest Q4 in company history.
CoStar Product Momentum and Engagement
CoStar revenues grew 10% YoY in Q4 to $325 million. CoStar salesforce grew 20% YoY to 492 reps. Key customer metrics: NPS at all-time high of 70, quarterly renewal rate 94%, subscribers >300,000 (up 26% YoY), and total searches on CoStar up 14% YoY to 422 million.
Residential Segment Strong Growth and Product Wins
Residential revenue was $429 million in Q4 (+35% YoY) and $1.46 billion for 2025 (+20% YoY; organic Residential growth 12%). Apartments.com Q4 revenue $308 million (+11% YoY) and full-year $1.25 billion. Apartments.com delivered 841 million renter visits and 1 million direct applications in 2025; paying properties grew to 89,275 (added ~14,000).
Homes.com Rapid Adoption and Homes AI Launch
Homes.com network had >2.1 billion views and ~100 million average monthly uniques in 2025; January '26 organic traffic +134% YoY. Homes AI launched in late Jan/Feb with large engagement lifts: AI users average session 16m50s vs 4m24s for non-users and showed ~4x searches and ~7x email leads in first week.
Product and Geographic Expansion
Launched nearly 4,000 global data center coverages; CoStar France planned release in Q2 2026 and Australia rollout targeted late 2026. LoopNet expanded in Spain and France (Europe listings 4x to >130k) and plans Australia and Germany launches in 2026. STR, Real Estate Manager, Debt Solutions and lease benchmarking product launches planned or underway.
Matterport and Operational Efficiency
Eliminated approximately $120 million in cash and equity costs post-Matterport acquisition through duplicate public-company cost cuts. Matterport-focused investments include salesforce expansion and next-gen camera (Pro4) development; other revenue (including Matterport) exceeded guidance.
CoStar Debt Solutions and New Product Revenue Streams
CoStar Debt Solutions surpassed $100 million annual run-rate revenue with a stated path to a $1B+ opportunity; new products planned including debt benchmarking (H2 2026) and loan origination (Q1 2027).
Capital Return and Balance Sheet Actions
Completed $500 million share repurchase in 2025 (7.1M shares) and Board authorized a new $1.5 billion repurchase program; plan to repurchase $700 million in 2026 (ASR $500M this quarter + $200M open market).
CSGP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $49.15 | $44.78 | -8.89% |
Oct 28, 2025 | $78.23 | $70.51 | -9.87% |
Jul 22, 2025 | $85.16 | $91.00 | +6.86% |
Apr 29, 2025 | $82.70 | $74.17 | -10.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CoStar Group (CSGP) report earnings?
CoStar Group (CSGP) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is CoStar Group (CSGP) earnings time?
CoStar Group (CSGP) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CSGP EPS forecast?
CSGP EPS forecast for the fiscal quarter 2026 (Q1) is 0.18.