CoStar Group Reports Strong Q3 2026 Results with Raised EBITDA Guidance
CoStar Group (CSGP) delivered a robust third quarter for 2026, reporting revenue of $952 million, a 14% year-over-year increase. The company significantly outperformed its adjusted EBITDA guidance, reaching $229 million—a 100% increase from the prior year. This growth was bolstered by strong performance in the residential segment and successful cost management initiatives that reduced operating expenses. Despite these gains, the company faced headwinds in net new bookings, which fell to $37 million due to economic pressures and a reduction in sales force headcount. However, CoStar raised its full-year 2026 adjusted EBITDA guidance to a range of $820 million to $840 million. The company is also aggressively pursuing expansion through the Zonda and Vexcel acquisitions while continuing an active share repurchase program.
Tickers: $CSGP
Topics: cost management EBITDA beat net income turnaround revenue growth segment performance