Quarterly ResultJul 28, 2026, 04:12 PM
CoStar Group Q2 Revenue $925M, Net Income +817%, Adj. EBITDA +116%
AI Summary
CoStar Group announced strong Q2 2026 financial results, with revenue increasing 18% to $925 million and net income surging 817% to $55 million. Adjusted EBITDA more than doubled year-over-year to $184 million, marking a profitability inflection point. The company's residential segment turned Adjusted EBITDA positive for the first time, and it launched Apartments.com Ai while expanding into France. CoStar Group affirmed its full-year 2026 Adjusted EBITDA guidance and revised its revenue guidance upwards.
Key Highlights
- Q2 2026 Revenue was $925 million, up 18% year-over-year from $781 million.
- Q2 2026 Net Income was $55 million, an 817% increase year-over-year from $6 million.
- Q2 2026 Diluted EPS was $0.14, compared to $0.01 in the prior year period.
- Q2 2026 Adjusted EBITDA was $184 million, up 116% year-over-year from $85 million.
- The residential segment achieved Adjusted EBITDA positive status for the first time, a $41 million improvement over Q1 2026.
- Full-year 2026 Adjusted EBITDA guidance affirmed at $780 million to $820 million.
- Full-year 2026 Revenue guidance revised to $3.715 billion to $3.755 billion.
- Launched Apartments.com Ai and expanded CoStar's market entry into France.
Price Impact
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