{"id":63674,"date":"2026-07-30T03:00:54","date_gmt":"2026-07-30T01:00:54","guid":{"rendered":"https:\/\/housesmarketplace.com\/homes-com-helps-drive-costar-to-first-profitable-residential-quarter\/"},"modified":"2026-07-30T03:00:54","modified_gmt":"2026-07-30T01:00:54","slug":"homes-com-helps-drive-costar-to-first-profitable-residential-quarter","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/homes-com-helps-drive-costar-to-first-profitable-residential-quarter\/","title":{"rendered":"Homes.com helps drive CoStar to first profitable residential quarter"},"content":{"rendered":"
\n

\u041a\u043e\u043b-\u0421\u0442\u0430\u0440 \u0413\u0440\u0443\u043f\u043f<\/strong> reported an 18% year-over-year revenue increase for the second quarter ended June 30 \u2014 reaching $925 million compared to $781 million in the same period last year.<\/p>\n

Leaders said growth was driven by major technological expansions, increased platform engagement and significant operational efficiency across \u0416\u0438\u043b\u043e\u0439<\/a> and commercial and real estate marketplaces.<\/p>\n

The real estate technology company logged $69 million in net new bookings during the quarter, a 3% gain over the first quarter of 2026. <\/p>\n

Net income reached $55 million, while adjusted EBITDA rose 116% year-over-year to $184 million.<\/p>\n

Operating cost growth was held to 2%, contributing to the company\u2019s 61st consecutive quarter of double-digit revenue growth, CoStar<\/a> CEO and founder Andy Florance said during CoStar\u2019s Q2 earnings call.<\/p>\n

\u201cWhat we\u2019ll do is continue to optimize the go-to-market, and I feel very good about being able to go out there and bring out the depth advertising for the first time,\u201d he said. \u201cI think we have a strong offering. Our clients are seeing a very strong [return on investment] that is demonstrable and that shows up in really good renewal rates and very low cancellation rates now.<\/p>\n

\u201cWe\u2019re achieving a lot of our goals, and I feel very good about where we are and getting very good feedback from clients.\u201d<\/p>\n

Residential segment reaches profitability milestone<\/h2>\n

For the first time, CoStar\u2019s residential portfolio turned adjusted EBITDA positive, generating $12 million in profit and marking a $41 million improvement over the \u043f\u0435\u0440\u0432\u044b\u0439 \u043a\u0432\u0430\u0440\u0442\u0430\u043b<\/a> of 2026.<\/p>\n

The positive trajectory follows new artificial intelligence (AI) product developments designed to boost property exposure and agent workflow.<\/p>\n

Following the launch <\/a>\u0438\u0437 \u0414\u043e\u043c\u0430.com<\/strong> Ai earlier in the year, CoStar introduced Apartments.com<\/strong> Ai in June.<\/p>\n

Within weeks of release, users logged more than 500,000 AI sessions on Apartments.com. Users averaged 20 minutes per session \u2014 roughly 2.8 times longer than non-AI users \u2014 and viewed twice as many listings, leaders said.<\/p>\n

\u201cWhat that demonstrates is obviously a strong continued interest and desire to be part of the Apartments.com network [and to] use the capability,\u201d said CoStar Chief Financial Officer Chris Lown. \u201cWe face a competitive environment. We\u2019ve shrunk down to basically two primary competitors. Even in light of that, we saw one of the best sales months in the company\u2019s history. It gives us a lot of confidence in the road ahead.\u201d<\/p>\n

Additionally, usage of 3D digital twin tours jumped 224%, and traffic-to-lead conversion rates increased 256%.<\/p>\n

Florance said these AI capabilities will be expanded across core platforms, including commercial portal LoopNet and international operations.<\/p>\n

Residential revenue was $444 million in Q2, up 33% year-over-year, while Homes.com revenue grew 66% year-over-year to $28.5 million.<\/p>\n

Commercial gains momentum<\/h2>\n

CoStar\u2019s commercial portfolio generated $481 million of revenue in Q2, up 8% year-over-year. <\/p>\n

The company\u2019s platform revenue was $337 million, up 9% year-over-year, with total platform subscribers expanding 19% to 327,000.<\/p>\n

Commercial renewal rates held strong at 93%.<\/p>\n

The quarter brought four significant feature updates to the flagship CoStar platform. Among them was the release of CoStar Rent Benchmark, a feature built using AI to abstract key data points from 4 million actual lease agreements.<\/p>\n

Additionally, CoStar Debt Solutions logged a record quarter with over $4 million in net new monthly bookings, bringing together data from 300 lender clients across $1.2 trillion in active debt.<\/p>\n

The company also expanded its geographic reach during the quarter by launching core CoStar services in France \u2014 covering Paris, Lyon, Marseille, and over 290,000 properties.<\/p>\n

Outlook for remainder of 2026<\/h2>\n

Company leaders emphasized that active expense management and operational discipline helped accelerate earnings ahead of targets.<\/p>\n

\u201cThe outperformance in adjusted EBITDA overall was driven by actions to reduce personnel costs and continued operating efficiencies,\u201d said Lown. \u201cWe are particularly pleased that we delivered a 20% adjusted EBITDA margin, a full quarter ahead of our expectations. Proactive expense management from the first half of the year has established a new baseline for expenses that will continue to benefit us moving forward.\u201d<\/p>\n

Looking ahead, CoStar Group revised its full-year 2026 revenue guidance to a range of $3.715 billion to $3.755 billion \u2014 representing an expected annual growth rate of 15% at the midpoint.<\/p>\n

\u201cOur revised revenue outlook reflects a series of recent operating decisions designed to drive profitable growth over the long term,\u201d Lown added. \u201cTaken together, these actions moderated near-term revenue growth, but we believe they position our businesses to generate increased revenue growth over time, leading to better long-term profitability.\u201d<\/p>\n

For the third quarter of 2026, the company projects revenue between $935 million and $945 million, representing approximately 13% year-over-year growth.<\/p>\n

Third-quarter adjusted EBITDA is expected to land between $190 million and $210 million, reflecting an anticipated operating margin of 21% at the midpoint.<\/p>\n

Full-year adjusted EBITDA expectations were affirmed in a range of $780 million to $820 million.<\/p>\n

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

CoStar Group reported an 18% year-over-year revenue increase for the second quarter ended June 30 \u2014 reaching $925 million compared to $781 million in the same period last year. Leaders said growth was driven by major technological expansions, increased platform engagement and significant operational efficiency across residential and commercial and real estate marketplaces. The real […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63674","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nHomes.com helps drive CoStar to first profitable residential quarter - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/homes-com-helps-drive-costar-to-first-profitable-residential-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homes.com helps drive CoStar to first profitable residential quarter\" \/>\n<meta property=\"og:description\" content=\"CoStar Group reported an 18% year-over-year revenue increase for the second quarter ended June 30 \u2014 reaching $925 million compared to $781 million in the same period last year. 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