CoStar Group, Inc. (CSGP) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.657 good day and thank you for standing by welcome to the q3 2025 00:00:04.657 -- 00:00:09.264 costar group earnings conference call at this time all participants are in a listen-only 00:00:09.264 -- 00:00:14.010 mode please be advised that today's conference is being recorded after the speaker's 00:00:14.010 -- 00:00:18.656 presentation there will be a question and answer session to ask a question please press 00:00:18.656 -- 00:00:23.804 star 1 1 on your telephone and wait for your name to be announced to withdraw your question 00:00:23.804 -- 00:00:28.190 please press star 1 1 again i would not like to hand the conference over to your speaker 00:00:28.190 -- 00:00:32.106 today Rich Ciminelli, Head of Investor Relations. 00:00:32.106 -- 00:00:36.050 Thank you very much, Operator, and hello and thank you all for joining us to discuss 00:00:36.050 -- 00:00:40.214 the third quarter 2025 results of CoStar Group. 00:00:40.214 -- 00:00:44.177 Before I turn the call over to Andy Florence, CoStar's CEO and founder, and Chris Lown, 00:00:44.177 -- 00:00:48.682 our Chief Financial Officer, I'd like to review our safe harbor statement. 00:00:48.682 -- 00:00:52.565 Certain portions of the discussion today may contain forward-looking statements, including 00:00:52.565 -- 00:00:55.735 the company's outlook and expectations for the fourth quarter 2020. 00:00:55.735 -- 00:00:59.620 and the rest of 2025 based on current beliefs and assumptions. 00:00:59.620 -- 00:01:04.706 Forward-looking statements involve many risks, uncertainties, assumptions, estimates, 00:01:04.706 -- 00:01:09.913 and other factors that can cause actual results to differ materially from such statements. 00:01:09.913 -- 00:01:14.138 Important factors that can cause actual results...