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ARLINGTON - CoStar Group , Inc. (NASDAQ:CSGP) reported second quarter revenue of $781 million, exceeding analyst estimates of $772.19 million and representing a 15% increase from $678 million in the same quarter last year. Adjusted earnings per share came in at $0.17, above the consensus estimate of $0.14.
Shares were up 2% following the announcement.
"We had an outstanding Q2 2025 as we delivered our 57th consecutive quarter of double-digit revenue growth with a 15% year-over-year increase in revenue," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "We achieved our all-time high net new bookings in Q2 of $93 million, a 65% increase from last quarter, powered by Apartments.com’s highest net new bookings quarter in two years."
The company’s adjusted EBITDA was $85 million in the second quarter, representing a substantial 108% increase compared to the same period last year. CoStar’s commercial information and marketplace brands achieved a 43% profit margin for the quarter.
For the third quarter of 2025, CoStar expects revenue between $800 million and $805 million, in line with analyst consensus of $803.1 million. The company raised its full-year 2025 revenue guidance to a range of $3.135 billion to $3.155 billion, up from previous forecasts and representing approximately 15% YoY growth at the midpoint.
Additionally, CoStar increased its adjusted EBITDA guidance for the full year 2025 to a range of $370 million to $390 million, an increase of $10 million at the midpoint from its previous guidance.
The company’s Homes.com platform continued to show strong momentum, with the addition of 6,300 Members in Q2, an increase of 56% from the end of Q1 2025. According to Florance, "Member agents are winning 62% more listings than comparable non-Member agents."
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