By Katherine Hamilton

CoStar posted a 27% jump in revenue as it wrapped up the launch of Homes.com and is focused on launching an AI-driven platform.

The real-estate data company on Tuesday posted a profit of $47 million, or 11 cents a share, compared with $60 million, or 15 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 31 cents, ahead of the 27 cents anticipated by analysts, according to FactSet.

Revenue rose to $900 million topping the forecast for $891.8 million, according to analysts surveyed by FactSet.

Chief Executive Andy Florance said the heavy lifting of launching the Homes.com national brand is now done. The company is focused on launching Homes AI, a vertical AI application for real estate, Florance said.

CoStar, which also owns Apartments.com and LoopNet, expects revenue to be $890 million to $900 million in the first quarter. Analysts were projecting $900.6 million.

The company anticipates first-quarter adjusted earnings per share of 16 cents to 19 cents, compared with the 25 cents Wall Street was projecting.

CoStar also reaffirmed the full-year guidance it shared in January.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 24, 2026 16:19 ET (21:19 GMT)

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