Earnings Call
Apr 28, 2026
Q1 FY2026
EPS Estimate
0.18
EPS Actual
0.23
Post-Earnings Close
$34.14
Earnings Reaction
-5.1%
CoStar Group's first quarter of 2026 marked its 60th consecutive quarter of double-digit revenue growth, with total revenue of $897 million rising 23% year-over-year and adjusted EBITDA of $132 million doubling from the prior-year period, landing $17 million above the high end of guidance. Adjusted EPS of $0.23 beat the $0.18 consensus estimate by a wide margin, driven primarily by lower-than-expected personnel costs as AI-driven efficiency initiatives and broader cost discipline took hold. The EBITDA outperformance was the headline number, and management raised full-year adjusted EBITDA guidance by $30 million at the midpoint to a range of $780 million to $820 million, while reaffirming the revenue range of $3.78 billion to $3.82 billion.
Report generated on Apr 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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