CoStar: Q3 Earnings Snapshot

CoStar Group reported 3Q 2026 revenue of $952M, up 14.1% YoY, and net income of $74M, reversing a prior-year loss. EPS was $0.18, compared to a loss of $0.07. Residential and commercial real estate revenues grew, but subscription revenue share declined. The company is expanding AI features and acquiring Vexcel for $730M.

CoStar Group (CSGP) agreed to acquire aerial imagery company Vexcel for $730M in cash. Vexcel generated $140M in revenue over the past year. CoStar's Q3 revenue rose 14% YoY to $952M, but its stock fell 13% post-earnings due to lower bookings and analyst price target cuts.

CoStar Group's shares fell 14% despite record profit, as third-quarter net new bookings dropped to $37M from $84M a year earlier. Revenue grew 14% to $952M, but management's guidance suggests slower growth ahead. The stock trades near a five-year low forward P/E, and future bookings are key to watch.

CoStar Group (CSGP) shares fell 13.3% after reporting Q3 2026 revenue of $952M, net income of $74M, and adjusted EBITDA of $229M. The company acquired Vexcel for $730M but reported net new bookings below expectations. Full-year guidance was raised, with adjusted EBITDA now expected between $820M-$840M. The stock is down 58.4% YTD.

CoStar Group (CSGP) shares fell 13.2% to $27.79 after reporting Q3 2026 earnings. While EPS and revenue beat estimates, annualized net new bookings dropped sharply, alarming investors. Analysts cut price targets, and the company announced a $730M acquisition. CEO Andy Florance bought 83,000 shares, signaling confidence. The stock is near its 52-week low.

CoStar Group (CSGP) reported Q3 2026 revenue of $952M, up 14% YoY, with record EBITDA of $229M. Full-year EBITDA guidance raised to $830M. Growth seen in LoopNet and Homes.com, but net new bookings fell. Sales force reduced by 10% YoY. Vexcel acquisition noted for synergies. Homes.com losses expected to reach $550M. CEO highlights sales capacity and cost efficiency opportunities.