CSGP CoStar Group (CSGP) Q1 FY26 earnings call
CoStar Group delivered an exceptional quarter, extending its double-digit revenue growth streak to 60 quarters, driven by strong performance across its commercial and residential segments. The significant investment in Homes.com is yielding substantial returns for agent subscribers and driving consumer engagement, positioning the segment for accelerated monetization. The company is focused on leveraging AI and expanding sales force productivity to sustain growth and achieve its long-term EBITDA targets.
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CSGP operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Monthly renewal rate Apartments.com | 99%This increase in properties, coupled with our 99% monthly renewal rate and 92 NPS confirms that property owners and managers understand the value of the Apartments.com site built specifically for the apartment industry.Source: earnings call transcript | — | 99%Apartments ended the quarter with nearly 93,000 paid properties, up 12% year-over-year, sustaining 18 months of adding approximately 1,000 paid properties each month with monthly renewal rates holding strong at 99%.Source: earnings call transcript | — |
| Promoted active listings Homes.com | 216KHomes.com subscribers paid to promote 216,000 active listings, representing 9.4% of 2.3 million homes for sale in the US in Q4 '25.Source: earnings call transcript | 260KHomes.com subscribers paid to promote 260,000 active listings in Q1, representing 8.7% of the nearly 3 million homes for sale in the US In 2025, the Homes.com network grew nearly 2.1 billion views and 108 million average monthly unique visitors.Source: earnings call transcript | <305KSubscribers paid to promote close to 305,000 active listings in Q2.Source: earnings call transcript | — |
| Agent subscribers Homes.com | 31K+We now have over 31,000 agent subscribers generating $100 million in annualized revenue run rate with 76% of them on annual contracts.Source: earnings call transcript | — | 36K+We now have over 36,000 agent subscribers, up 107% from a year ago.Source: earnings call transcript | — |
| Contract renewal rate | — | 89%Our contract renewal rate has held consistently at 89% for the past 7 quarters.Source: earnings call transcript | 89%Our contract renewal rate remains strong at 89%, with customers of five years or more renewing at 94% Subscription revenue on annual contracts was 72% for the second quarter, consistent with post-domain acquisition subscription rates.Source: earnings call transcript | 0 pt |
| Renewal rate Customers with 5+ Years Subscription | 95%Our contract renewal rate was 89% in the fourth quarter of 2025, and customers who have been subscribers for 5 years or longer have a 95% renewal rate.Source: earnings call transcript | 95%Customers who have been subscribers for at least 5 years have an impressive 95% renewal rate.Source: earnings call transcript | 94%Our contract renewal rate remains strong at 89%, with customers of five years or more renewing at 94% Subscription revenue on annual contracts was 72% for the second quarter, consistent with post-domain acquisition subscription rates.Source: earnings call transcript | -1 pt |
| Net new bookings | $75MNet new bookings for the fourth quarter were $75 million, a 42% year-over-year increase.Source: earnings call transcript | $67MQ1 net bookings of $67 million were up 20% year-over-year.Source: earnings call transcript | $69MNet new bookings for the quarter were $69 million, up 3% from the first quarter.Source: earnings call transcript | +3% |
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