CoStar Group — Q3 2026 Earnings Summary

CoStar Group reported record third-quarter 2026 revenue of $952 million, representing a 14% increase year-over-year, alongside a net income of $74 million. Adjusted EBITDA reached a record $229 million, doubling from the prior year period, while adjusted net income rose 59% to $153 million. The company raised its full-year 2026 adjusted EBITDA guidance to a range of $820 million to $840 million and increased revenue guidance to $3.75 billion to $3.77 billion. Management cited significant cost efficiencies and the strategic integration of AI and proprietary data as key drivers for the improved profitability and future growth outlook.