Loading...
•
Jun 30, 2025
CoStar Q2 2025 Earnings Report
CoStar Group reported a 15% year-over-year revenue increase, reaching $781 million, alongside an all-time high in quarterly net new bookings of $93 million and a 56% increase in Homes.com Members from Q1 2025.
Key Takeaways
CoStar Group delivered strong financial results in Q2 2025, marking its 57th consecutive quarter of double-digit revenue growth. The company achieved record net new bookings, driven by strong performance in Apartments.com and Homes.com, demonstrating the effectiveness of its investments in sales and product development.
Revenue for Q2 2025 increased by 15% year-over-year to $781 million, continuing a streak of 57 consecutive quarters of double-digit revenue growth.
Net new bookings reached an all-time high of $93 million in Q2 2025, a 65% increase from the previous quarter, primarily fueled by Apartments.com and Homes.com.
Homes.com saw a significant increase in Members, growing by 56% from Q1 2025, with 6,300 new Members added in Q2.
Adjusted EBITDA for Q2 2025 was $85 million, representing a substantial 108% increase compared to Q2 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CoStar Group is increasing its full-year 2025 revenue and adjusted EBITDA guidance, reflecting strong Q2 performance and continued investment in the business. The company expects continued growth in Q3 2025.
Positive Outlook
- Full-year 2025 revenue guidance increased to a range of $3.135 billion to $3.155 billion, representing approximately 15% year-over-year growth at the midpoint.
- Full-year 2025 adjusted EBITDA guidance increased to a range of $370 million to $390 million, an increase of $10 million at the midpoint from previous guidance.
- Q3 2025 revenue expected in the range of $800 million to $805 million, representing approximately 16% year-over-year growth at the midpoint.
- Q3 2025 adjusted EBITDA expected in the range of $75 million to $85 million.
- Full-year 2025 non-GAAP net income per diluted share expected in a range of $0.76 to $0.80.
Challenges Ahead
- The company's forward-looking statements are subject to many risks and uncertainties, and actual results may differ materially.
- Potential inability to attract and retain new clients or successfully develop and introduce new services.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...