CoStar guides 2026 Adj. EBITDA to record $740M-$800M, announces $1.5B buyback

COSTAR GROUP, INC.

2026 revenue guidance $3.78B-$3.82B (~18% YoY growth).
2026 Adj. EBITDA $740M-$800M (record, 83% YoY growth, 20% margin).
Medium-term: ~15% revenue CAGR 2025-2028, $1.25B Adj. EBITDA in 2028.
Homes.com net investment reduced by $300M in 2026 (from $850M); positive Adj. EBITDA by 2030.
New $1.5B share repurchase program authorized; CEO Andrew Florance's tax gross-up eliminated.

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