Home / CoStar Group: Latest Earnings, Expansion & Legal Wins

CoStar Group: Latest Earnings, Expansion & Legal Wins

By: Jasmin Espinas

Updated: November 3, 2025

Published: April 30, 2025

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CoStar Group is a key player in commercial real estate information, analytics, and marketplaces.

Here’s a breakdown of the latest developments:

CoStar Group Q3 2025 Earnings

CoStar Group reported third-quarter revenue of $834 million for the period ending September 30, 2025, reflecting a 20% increase from $693 million during the same quarter last year, the company announced on October 28.

CoStar Group, $CSGP, Q3-25. Results:

📊 Adj. EPS: $0.23 🟢
💰 Revenue: $834M 🟢
📈 Net Loss: $31M
🔎 https://t.co/l3tnPK0Abr reached 26,000 members (+7,000 in Q3) and net new bookings surged 92% to $84M. pic.twitter.com/ERo6pKVMGs

— EarningsTime (@Earnings_Time) October 28, 2025

Despite the strong top-line growth, the commercial real estate data firm posted a net loss of $31 million, or $0.07 per diluted share, for the quarter.

However, non-GAAP financial results painted a more positive picture, with net income climbing to $97 million, up 10% year-over-year. Non-GAAP net income per share reached $0.23, a 6% increase from Q3 2024.

Adjusted EBITDA surged to $115 million, marking a 51% increase compared to the prior-year period.

CoStar Group’s Strategic Expansion: Plans and Acquisitions

CoStar Group is gearing up for its future growth by making significant leadership and technology changes. Because of this, it has hired three new independent directors and appointed a new chair for its board.

Additionally, the company set up a Capital Allocation Committee to focus on plans for international growth and brand investments. CoStar’s CEO, Andy Florance, leads this committee.

These leadership updates are linked to a deal with investment firms D. E. Shaw and Third Point, known for enhancing corporate governance and efficiency.

As such, the new board members bring impressive credentials. Rachel Glaser (former Etsy CFO) and Christine McCarthy (former Disney Executive Vice President and CFO) add financial expertise. Meanwhile, John Berisford, a former executive at S&P Global, strengthens the company’s strategic data capabilities.

Louise Sams, on the other hand, is a seasoned legal expert who worked for two decades at Turner Broadcasting (now owned by Warner Bros. Discovery) and will now serve as board chair.

These changes are aligned with CoStar Group’s recent acquisition of Matterport for $1.6 billion, which specializes in technology and spatial data imaging. This acquisition highlights CoStar’s objective to enter real estate technology. They are also focused on advancing Homes.com to make it a top home search platform.

CoStar Group’s Legal and Corporate Affairs

CoStar Group has achieved a significant legal victory against Move, Inc., the parent company of Realtor.com and part of Rupert Murdoch’s News Corp.

The lawsuit, originally filed in July 2024, accused CoStar and ex-employee James Kaminsky of using secret information to boost the company’s new real estate news division.

In response, CoStar firmly rejected these accusations and fought back strongly in court. The legal battle continued for many months, but Move, Inc. struggled to present substantial evidence.

CoStar then warned Move of its plan to seek court penalties. In return, Move quickly moved to delay and drop the lawsuit entirely.

“It’s a PR stunt from the start – ridiculous, and totally devoid of merit,” says Florance.

What’s Next for CoStar Group?

CoStar Group continues to deliver strong revenue growth, driven by demand for its real estate data platforms. While near-term losses reflect ongoing investments, rising non-GAAP income and EBITDA signal healthy underlying performance.

For investors, CoStar remains a solid long-term growth play with expanding market potential, though short-term volatility may persist.

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