CoStar Group, Inc. (CSGP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, and welcome to the CoStar Group's second quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. Today, we'd like to ask that you please limit yourself to one question and no multi-part questions. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Richard Ciminelli, Head of Investor Relations. Please go ahead, sir. Thank you very much. Hello, everyone. Thank you for joining us to discuss CoStar Group's second quarter 2025 results. Before I turn the call over to Andy Florence, CoStar's CEO and founder, and Chris Lown, our CFO, I'd like to review our safe harbor statement. Certain portions of the discussion today may contain forward-looking statements, including the company's outlook and expectations for the third and fourth quarters and full year and beyond. Forward-looking statements may involve many risks, uncertainties, assumptions, and estimates, and other factors that can actually cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to, Those stated in COSTAR Group's PRESS release issued earlier today and in our filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q, included under the heading risk factors in those filings as well as other filings with the SEC available on the SEC's website. All forward-looking statements are...