Corpusense

CoStar Group (CSGP) earnings call transcript summary & sentiment

Last call Tue 28 Jul 2026·Next Tue 27 Oct 2026

Our read on the 28 July 2026 earnings call

Overall tone: Mixed

Overall tone

Mixed

Executive Summary

CoStar Group delivered Q2 2026 revenue of $925 million (+18% YoY) and adjusted EBITDA of $184 million, up over 100% YoY, achieving a 20% EBITDA margin one quarter earlier than targeted.

Core Signals

Revenue Growth & Demand: Revenue grew 18% YoY to $925 million in Q2, with roughly half driven organically.

Bullish Signals

Q2 adjusted EBITDA reached $184 million (+100%+ YoY), hitting a 20% margin a full quarter earlier than company targets.

Risk Signals

Management lowered full-year 2026 revenue guidance to $3.715–$3.755 billion, citing slowdowns in 10X and sales restructuring.

Q&A Signals

Repeated analyst topics: Reasons behind the full-year revenue guidance trim, deceleration in net new bookings, and the mechanics of shifting Homes.com sales reps from inside to the field.

Key Investor Debate

The primary debate centers on whether the reduction in Homes.com sales reps and lowered top-line guidance reflects natural efficiency gains or an underlying saturation/slowdown in agent monetization.

Analyst Takeaway

Management demonstrated impressive expense discipline, reducing full-year projected expenses by $100 million and accelerating margin realization ahead of plan.

Those are the opening lines. The full read covers the whole earnings transcript: every bullish and bearish signal, what analysts pressed hardest on, and where management answered vaguely — each with the quote behind it. Every line sourced.

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Earnings call history & sentiment

All 7 of its last calls fell on a Tuesday, every one at 17:00 ET, after the close.

Date Day Period Corpusense read
2026-07-28Tuesday2026 Q3Mixed
2026-04-28Tuesday2026 Q2—
2026-02-24Tuesday2026 Q1—
2025-10-28Tuesday2025 Q4—
2025-07-22Tuesday2025 Q3—
2025-04-29Tuesday2025 Q2—
2025-02-18Tuesday2025 Q1—

Earnings calls across Real Estate

The companies CoStar Group is read alongside. Each has its own earnings call dates and sentiment.

AMTAmerican TowerAREAlexandria Real Estate EquitiesAVBAvalonBay CommunitiesBXPBXP, Inc.CBRECBRE GroupCCICrown CastleCPTCamden Property TrustDLRDigital Realty

CoStar Group is one of the S&P 500 companies we track

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