CoStar: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call, held on Oct. 27, 2026, CoStar (NASDAQ:CSGP) raised its full-year profit outlook after cost reductions doubled its quarterly operational earnings. The company is driving growth in adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, even as sales force turnover slowed new subscription bookings. Three statements from management stand out. Management identified $200 million in cost efficiencies across procurement and organizational design, building on $150 million in reductions already completed this year. These operational savings strengthen profitability and support the company's long-term target of $1.25 billion in adjusted EBITDA by 2028. Continue reading