Business
CoStar Group Q1 2026 Revenue Grows 23% Year-over-Year to $897 Million, Increases From $732 Million in Q1 2025, Annualized Net New Bookings of $67 Million, up 20% Year-over-Year
ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digita
About this update from Costar Group, Inc.
[{"type":"text","content":" ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, announced today that revenue for the quarter ended March 31, 2026 was $897 million, up 23% over revenue of $732 million for the quarter ended March 31, 2025. Net income was $3 million and earnings per diluted share was $0.01 for the first quarter of 2026, compared with a net loss of $15 million, or a loss per share of $0.04, in the prior year period. Adjusted Net Income rose to $94 million in the first quarter, up 49% year-over-year. Adjusted EPS was $0.23 in the first quarter, up 53% year-over-year. Adjusted EBITDA was $132 million in the first quarter of 2026, an increase of 100% from the prior year. “CoStar Group produced $67 million in net new bookings in the first quarter of 2026, an increase of 20% year-over-year. We have delivered 60 consecutive quarters of consistent, double-digit revenue growth in a wide range of economic conditions,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “We continue to deliver on our goal of significant Adjusted EBITDA expansion in 2026 and beyond. Our strong 100% year-over-year growth in Adjusted EBITDA exceeded our expectations and was 26% higher than the midpoint of our guidance range.” Florance continued, “The successful launch of our transformative Homes.com AI application in February has contributed to a 119% increase in organic traffic in the first quarter compared to the prior year period. Customer engagement accelerated as we delivered our best-ever time on site, page views, and bounce rates. In the first quarter, we introduced Smart Search on Apartments.com, our natural language search feature, and the first AI-powered voice search in multifamily marketplaces. We have also continued our strong momentum in adding Homes.com members and today have 35,000, up more than 200% from the same period a year ago.” Year 2025-2026 Quarterly Results - Unaudited (in millions, except per share data) 2025 2026 Q1 Q2 Q3 Q4 Q1 Revenue $732 $781 $834 $900 $897 Net income (loss) $(15) $6 $(31) $47 $3 Earni...