Overview

* CoStar ( CSGP ) Q3 revenue grows 20% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, rising 6% yr/yr

* Net new bookings up 92% yr/yr to $84 mln, boosting growth

Outlook

* CoStar expects Q4 2025 revenue between $885 mln and $895 mln

* CoStar ( CSGP ) raises full-year 2025 adjusted EBITDA guidance to $415 mln-$425 mln

* CoStar ( CSGP ) sees full-year 2025 non-GAAP EPS between $0.82 and $0.84

Result Drivers

* NET NEW BOOKINGS - Co achieved net new bookings of $84 mln, up 92% yr/yr, driven by Homes.com sales team

* MEMBERSHIP GROWTH - Homes.com Members increased to over 26,000, up nearly 150% since Q3 2024

* AI FEATURES - Launch of Smart Search on Homes.com using proprietary AI enhanced user search capabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $834 mln $813.07

Revenue mln (17

Analysts

)

Q3 Beat $0.23 $0.17

Adjusted (15

EPS Analysts

)

Q3 EPS -$0.07

Q3 Net -$31 mln

Income

Q3 Gross $661.40

Profit mln

Q3 -$51.10

Income mln

From

Operatio

ns

Q3 -$45.80

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for CoStar Group Inc ( CSGP ) is $100.00, about 21.9% above its October 27 closing price of $78.12

* The stock recently traded at 63 times the next 12-month earnings vs. a P/E of 75 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)