Costar Group, Inc. · NASDAQ:CSGP
Costar — Q3 2025 Earnings Presentation
13 slides from Costar's earnings presentation, Oct 28, 2025
Slide 1: Investor Presentation
Oe CoStar Group” 2025 Investor Presentation
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation of CoStar Group, Inc. (“CoStar Group” or the “Company”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objecti
Slide 3: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights
Slide 4: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights • Revenue of $834 million increased 20% year-over-year, exceeding the high end of our guidance and marking the 58th quarter of double-digit revenue growth • Net New Bookings were $84 million in the third quarter, up 92% from the third quarter of 2024 • Net Loss of $31 m
Slide 5: Average Monthly Unique Visitors
Global Traffic of 143 Million Unique Visitors in Q3 2025 200 180 143 MILLION Average Monthly Unique Visitors (in millions) 160 140 120 100 80 60 40 20 - 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18 1Q19 3Q19 1Q20 3Q20 1Q21 3Q21 1Q22 3Q22 1Q23 3Q23 1Q24 3Q24 1Q25 3Q25 *Prior to June 1, 2024
Slide 6: Third Quarter 2025 Results
Third Quarter 2025 Results Third Quarter YTD $834 million $2.3B Revenue 20% year-over-year growth 16% year-over-year growth Net Loss $31 million $40 million $115 million $265 million Adjusted EBITDA 14% margin 11% margin Non-GAAP Net $97 million $233 million Income $0.23 per diluted share $0.55 per
Slide 7: 2025 Fourth Quarter and Full Year Outlook
2025 Fourth Quarter and Full Year Outlook Fourth Quarter Full Year $885 million to $895 million $3.23 billion to $3.24 billion Revenue 25% year-over-year growth 18% year-over-year growth Net Income (Loss) $19 million to $25 million ($22) million to ($16) million Adjusted EBITDA $150 million to $160
Slide 8: Estimated Internal Rates of Return
Estimated Internal Rates of Return Since its IPO, CoStar has realized IRRs of between 17% - 39% on its major investments, well above its ~ 10% cost of capital Total Purchase Negative Cash Combined Investment ($ in millions) Price Flow Investment IRR Return Multiple CoStar ($918) ($96) ($1,014) 27% 1
Slide 9: Appendix
me CoStar Group” Appendix
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures For information regarding the purpose for which management uses the non-GAAP financial measures disclosed in this presentation and why management believes they provide useful information to investors regarding the Company’s financial condition and results of operations, p
Slide 11: Reconciliation of Net Income (Loss) to Adjusted EBITDA
Reconciliation of Net Income (Loss) to Adjusted EBITDA - Unaudited The following table presents a reconciliation of CoStar Group’s Adjusted EBITDA, including forward-looking guidance range Adjusted EBITDA, to the most directly comparable GAAP financial measure, net income (loss).
Slide 12: Reconciliation of Net Income (Loss) to Non-GAAP Net Income
Reconciliation of Net Income (Loss) to Non-GAAP Net Income - Unaudited The following table presents a reconciliation of CoStar Group’s Non-GAAP Net Income, including forward-looking guidance range Non-GAAP Net Income, to the most directly comparable GAAP financial measure, net income (loss).
Slide 13: Use of Operating Metrics and Other Definitions
Use of Operating Metrics and Other Definitions Operating Metrics CoStar Group reviews a number of operating metrics to evaluate its business, measure performance, identify trends, formulate business plans and make strategic decisions. This presentation includes Net new bookings. Going forward, CoSta