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Earnings call transcript: CoStar Group beats Q1 2026 EPS forecast, revenue misses

2026-04-29 06:48:39

CoStar Group reported strong Q1 2026 earnings, with an EPS of $0.23 significantly beating the forecast of $0.18, though revenue slightly missed expectations at $897 million. The company achieved its 60th consecutive quarter of double-digit revenue growth and saw a modest stock increase in after-hours trading. Key drivers include robust commercial segment performance, anticipated profitability for the residential segment by Q2 2026, and strong ROI for Homes.com subscribers, leading to planned price increases for new members.

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