Quarterly ResultApr 28, 2026, 04:12 PM
CSGP Q1 Revenue +23% to $897M; Net Income $3M; Raises FY26 Adj. EBITDA
AI Summary
CoStar Group reported strong first-quarter 2026 results with revenue increasing 23% year-over-year to $897 million and net income turning positive at $3 million, up from a $15 million loss in Q1 2025. Adjusted EBITDA doubled to $132 million, significantly exceeding guidance. The company also highlighted successful AI product launches for Homes.com and Apartments.com, driving substantial traffic and customer engagement, and raised its full-year 2026 Adjusted EBITDA guidance.
Key Highlights
- Q1 2026 Revenue grew 23% YoY to $897 million.
- Q1 2026 Net Income was $3 million, compared to a $15 million loss in Q1 2025.
- Q1 2026 Adjusted EBITDA increased 100% YoY to $132 million.
- Annualized Net New Bookings were $67 million, up 20% YoY.
- Homes.com organic traffic increased 119% YoY following AI application launch.
- Full-year 2026 Adjusted EBITDA guidance raised to $780M-$820M.
- Commercial Real Estate revenue was $472 million in Q1 2026.
- Residential Real Estate revenue was $425 million in Q1 2026.