{
  "id": 16810545,
  "title": "CoStar Q3 2026 slides: EBITDA doubles as bookings disappoint",
  "url": "https://urgent.news/2026/10/27/costar-q3-2026-slides-ebitda-doubles-as-bookings-disappoint",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T22:46:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/costar-q3-2026-slides-ebitda-doubles-as-bookings-disappoint-93CH-4977192"
  },
  "original_language": "en",
  "account": "CoStar Group reported its Q3 2026 financial results on October 27, revealing a stark contrast between improving profitability and declining sales momentum. The company's adjusted EBITDA doubled to $229 million, while new bookings fell short of expectations, causing shares to drop 7.84% in after-hours trading to $29.32. Despite beating earnings expectations with adjusted EPS of $0.38, investors focused on the company's low annualized net new bookings of $37 million, which was less than half of the $84 million from the previous quarter. The company's two segments showed divergent growth, with Residential segment revenue increasing 23% year-over-year due to the Zonda acquisition. While the overall revenue reached $952 million, up 14% year-over-year, the Residential segment's higher growth rate was offset by the slower Commercial segment's 7% growth. CoStar's profitability transformation was evident when comparing GAAP net income to adjusted EBITDA, which reached a record $229 million, a 10 percentage-point improvement from the previous year. The company raised its full-year 2026 guidance, expecting revenue between $3.75 billion and $3.77 billion, a 16% growth, and adjusted EBITDA of $820 million to $840 million, with a 22% margin.",
  "summary": null,
  "key_points": [
    "CoStar Group's adjusted EBITDA doubled to $229 million in Q3 2026.",
    "New bookings fell short, causing a 7.84% drop in shares.",
    "Residential segment revenue increased 23% year-over-year."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}