CSGP · CoStar Group Q2 FY2026 earnings call record财报电话会记录

“We expect to deliver the highest full-year adjusted EBITDA in CoStar Group's history in 2026, and we're confirming our full-year guidance range of $780 million-$820 million.”

“300 lender clients are contributing information on over 100,000 active loans, over $1.2 trillion in outstanding debt, and this is on an anonymized and aggregate basis.”

“3D tour usage is up 225%, and traffic-to-lead conversion is up 256%.”

“70% of Apartments.com customers buy depth advertising, and 91% of Domain's total revenue is generated by it.”

“Consistent with managing our Homes.com investment, we are optimizing our sales force for efficiency and productivity, reducing inside sales reps from 660 at the end of Q4 2025 to about 400 today, while retaining the top producers who generate an outsized share of the revenue.”

“First half sales net new bookings increased 22%, and signature ads grew 55% year-over-year.”

“Adjusted EBITDA for the commercial segment was $172 million, up 7% year-over-year, and above the high end of guidance, with a 36% adjusted EBITDA margin.”

“Our contract renewal rate remains strong at 89%, with customers of five years or more renewing at 94%.”

“We repurchased 2.4 million shares for $82.1 million in the second quarter, which brings our total share repurchases in 2026 to 13.75 million shares for a total cost of $587 million.”

“Since the beginning of 2025, we have repurchased nearly 21 million shares for approximately $1.1 billion.”

“Adjusted EBITDA is expected to range from $190 million-$210 million, an adjusted EBITDA margin of 21% at the midpoint.”

“For the full year of 2026, we are revising our previous revenue guidance range to $3.715 billion-$3.755 billion, representing a 15% year-over-year increase at the midpoint.”