CoStar Group stock follows Q3 profit surge and higher 2026 outlook

Published on 11/12/2026 at 01:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CoStar Group stock traded at 27.48 euros on Lang & Schwarz late Wednesday. The company reported record third-quarter profitability and lifted its 2026 outlook.

Profitability and outlook improve

CoStar Group reported third-quarter revenue of 952 million US dollars, up 14 percent year over year.
Adjusted EBITDA doubled to 229 million US dollars as net income reached 74 million US dollars.
Management raised full-year 2026 revenue and adjusted EBITDA guidance.

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CoStar Group reported stronger profitability and raised its 2026 outlook on October 27, according to the company's third-quarter results release. Revenue for the period ended September 30 increased 14 percent year over year to 952 million US dollars.

Record adjusted EBITDA supports guidance

Net income reached 74 million US dollars, compared with a loss of 31 million US dollars in the year-earlier quarter. Adjusted net income rose 59 percent to 153 million US dollars, while adjusted earnings per share increased 65 percent to 0.38 US dollars.

Adjusted EBITDA doubled year over year to a record 229 million US dollars. CoStar said anticipated cost savings for 2026 had reached approximately 150 million US dollars versus its original guidance and identified at least 200 million US dollars of additional potential efficiencies over the next 12 to 18 months.

Late session quote in Europe

CoStar Group stock traded at 27.48 euros on Lang & Schwarz at 23:00 CET on Wednesday, November 11, 2026.

Higher full-year targets

CoStar raised its 2026 revenue guidance to 3.75 billion to 3.77 billion US dollars and its adjusted EBITDA outlook to 820 million to 840 million US dollars. Fourth-quarter revenue is expected at 976 million to 996 million US dollars, with adjusted EBITDA of 275 million to 295 million US dollars.

The company provides online real estate marketplaces, information and analytics, and 3D digital twin technology for property markets. Its third-quarter release said the business serves commercial and residential real estate through brands and platforms including CoStar and LoopNet.