CoStar Group's second quarter revenue beat estimates, rising 18% as the residential segment turned profitable for the first time.

CoStar Group reported second quarter 2026 revenue of $925 million, an 18% increase year-over-year, and adjusted EPS of $0.32. These results significantly surpassed analyst expectations, driven by a major improvement in profitability as Adjusted EBITDA more than doubled to $184 million.

Key Highlights

• The residential segment achieved positive Adjusted EBITDA for the first time, reporting a $12 million profit compared to a $76 million loss in the prior-year period.
• Adjusted EBITDA increased 116% year-over-year to $184 million, reflecting strong cost controls as operating expense growth was held to 2%.
• Net new bookings were $69 million for the quarter, up 3% from the first quarter of 2026, indicating continued commercial momentum.