CoStar Group's Q3 revenue slightly beats; FY outlook lifted
CSGP•CoStar Group's Q3 revenue rose 14% to $952 million, slightly beating expectations, while adjusted EPS rose 65% to $0.38 and beat estimates. The company raised its 2026 revenue guidance to $3.75 billion-$3.77 billion and adjusted EBITDA guidance to $820 million-$840 million.
1. Quarterly results
CoStar Group reported Q3 revenue of $952 million, up 14% and slightly above the $946.19 million analyst consensus. Adjusted EPS rose 65% to $0.38, beating the $0.34 consensus; net income was $74 million and EPS was $0.18.
2. Raised outlook
The company raised its full-year 2026 revenue guidance to $3.75 billion-$3.77 billion and adjusted EBITDA guidance to $820 million-$840 million. It expects Q4 2026 revenue of $976 million-$996 million and adjusted EPS of $0.46-$0.50.
3. Efficiency and growth
CoStar said anticipated cost savings for the year have reached about $150 million, compared with its original guidance, and that it has identified further savings for the next 12-18 months. It said AI and proprietary data provide a competitive advantage and that its recent Zonda acquisition and agreement to acquire Vexcel enhanced its datasets and global scale.
