CoStar Group, a leading provider of online real estate marketplaces, announced key business, financial, and corporate governance initiatives for 2026 and beyond.
The company approved a new $1.5 billion share repurchase program and provided outlook for revenue, net income, Adjusted EBITDA, and more.
The plan includes reducing net investment in Homes.com, aiming for positive Adjusted EBITDA in 2030.
Revenue Outlook
2026 revenue projected to be $3.78 billion to $3.82 billion, with an 18% year-over-year growth over the midpoint of the 2025 guidance.
Adjusted EBITDA Expansion
2026 Adjusted EBITDA expected to be $740 million to $800 million, representing unprecedented growth.
Share Repurchase Program
Authorized a new $1.5 billion share repurchase program, enhancing shareholder value.
Medium-Term Targets
Targets include 15% compound annual growth rate in revenue from 2025 to 2028 and reaching $1.25 billion Adjusted EBITDA in 2028.
Homes.com Strategy
Focused on reducing net investment by over $300 million in 2026 and aiming for positive Adjusted EBITDA in 2030.
- CoStar Group anticipates substantial growth with the implementation of new initiatives and the expansion of Adjusted EBITDA.
- The company's focus on Homes.com profitability and reduced investment is expected to drive long-term value for shareholders.
CoStar Group continues to strengthen its platforms and enhance efficiency, positioning for accelerated profitability and sustainable growth.