CoStar Q2 Revenue Jumps 18%, Net Income Soars 817%, Guidance Raised
CSGP is trading near its 52-week low of $26.68 (4.1% above the low).
Summary
CoStar delivered a breakout quarter with revenue of $925M, up 18% YoY, and net income surging 817% to $55M. Adjusted EBITDA more than doubled to $184M, driven by tight cost control and the residential segment turning profitable for the first time. Management raised full-year Adjusted EBITDA guidance to $780M-$820M and revised revenue guidance upward, signaling confidence in sustained momentum. The company sees 2026 revenue of $3.715B-$3.755B and backs 2026 adjusted EPS of $1.32-$1.39. Q3 guidance implies continued margin expansion, with Adjusted EBITDA expected between $190M-$210M on revenue of $935M-$945M and adjusted EPS of $0.31-$0.34. This follows the CEO's $2.5M insider purchase in May and the recent Zonda acquisition, reinforcing a turnaround narrative, with the stock trading near its 52-week low.
At the time of this announcement, CSGP was trading at $27.78 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $12.4B. The 52-week trading range was $26.68 to $97.43. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.