CoStar Lifts FY2026 Revenue and EBITDA Outlook After Q3 Beat
CSGP sits 19% above its 52-week low of $25.894.
Summary
CoStar posted Q3 revenue of $952 million, up 14% and just above the $946.19 million consensus, with adjusted EPS of $0.38 versus $0.34 expected. Management raised full-year 2026 revenue to $3.75-3.77 billion and adjusted EBITDA to $820-840 million, and guided Q4 revenue to $976-996 million with adjusted EPS of $0.46-0.50 and adjusted EBITDA of $275 million to $295 million. Cost savings are running ahead of plan — roughly $150 million this year versus original guidance, with more identified for the next 12-18 months, and a deep expense review has identified potential additional savings of at least $200 million; the company said it is on track to achieve its 2028 adjusted EBITDA target of $1.25 billion. This follows the $730 million Vexcel aerial-imagery deal announced alongside results and the completed $800 million Zonda acquisition in August, both feeding the proprietary-data story. The stock closed at $33.70 on October 26 against a $35 median price target.
At the time of this announcement, CSGP was trading at $30.80 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $13B. The 52-week trading range was $25.89 to $79.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.