Record Q1 Revenue and Growth
CoStar Group reported Q1 2025 revenue of $732 million, marking a 12% increase year-over-year. This achievement marks the 56th consecutive quarter of double-digit revenue growth.
Strong Adjusted EBITDA Increase
Adjusted EBITDA for Q1 was $66 million, a 429% increase compared to Q1 2024, exceeding consensus and at the top end of guidance range.
International Growth and Net New Bookings
International businesses achieved $5 million ARR in Q1 '25, representing 56% year-over-year growth. Company net new bookings were $56 million, up 6% sequentially from Q4 '24.
Apartments.com Expansion
Apartments.com reported Q1 revenue of $282 million, an 11% increase over Q1 '24. The platform added 4,300 new communities in Q1, the most properties added in a single quarter in almost 10 years.
Homes.com Brand Awareness Growth
Homes.com's unaided awareness increased 9x to 36% since February '24. It is now the second most visited U.S. residential portal with 104 million average monthly unique visitors.
Successful Integration and Expansion Initiatives
STR's integration contributed to its best quarter for net new bookings, up 17% year-over-year. Meanwhile, CoStar for lenders achieved its best quarter of net new bookings, up 116% year-over-year.