Loading...
•
Dec 31, 2025
CoStar Q4 2025 Earnings Report
CoStar Group reported record net new bookings and significant earnings acceleration in the fourth quarter of 2025.
Key Takeaways
CoStar Group delivered a strong fourth quarter with revenue increasing 27% year-over-year to $900 million. The company achieved record net new bookings of $308 million and saw Adjusted EBITDA surge 58% in Q4. Despite full-year net income being impacted by acquisition costs, the company is entering a period of significant earnings acceleration driven by the Homes.com network and the launch of Homes AI.
Achieved record net new bookings of $308 million for the full year 2025.
Revenue for Q4 2025 grew 27% year-over-year to $900 million, marking the 59th consecutive quarter of double-digit growth.
Homes.com Network reached 108 million average monthly unique visitors, becoming the second largest residential portal network in the U.S.
Announced a $700 million share repurchase program for 2026 following the completion of a $500 million program in 2025.
Revenue by Segment
Forward Guidance
CoStar Group affirmed its full-year 2026 guidance, projecting significant revenue growth and margin expansion as marketing spend for Homes.com stabilizes.
Positive Outlook
- Full year 2026 revenue expected to reach up to $3.82 billion.
- Adjusted EBITDA margins expected to increase throughout 2026.
- Projected 2026 Adjusted EBITDA midpoint of $770 million, a significant increase from 2025.
- Planned $700 million share repurchase in 2026.
- Anticipated deployment of Homes AI across the entire product portfolio.
Challenges Ahead
- Q1 2026 net loss expected to be between $5 million and $21 million.
- Q1 2026 Adjusted EBITDA expected to be lower than Q4 2025 levels due to timing of spend.
- Residential segment expected to remain EBITDA negative in Q1 2026.
- Integration risks associated with the Matterport and Domain acquisitions.
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...