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oStar Group's Founder and CEO Andy Florance celebrated the company's 57th consecutive quarter of double-digit revenue growth during a July 22 investor call. The company reported $781 million in revenue for the second quarter, a 15% year-over-year increase, exceeding expectations. This milestone marks the 57th straight quarter of double-digit growth.

    Homes.com, a home search portal owned by CoStar Group, had a particularly strong second quarter. It added 6,300 members between early April and June, a 56% increase from March. Florance also highlighted Homes.com's awareness growth since launching its major marketing campaign in 2024, with unaided brand awareness increasing from 4% to 36%. The platform averaged 111 million monthly unique visitors.

    CoStar Group is set to launch a new home listing section focused on listings from builders, with 200 agreements already secured. This feature is expected to become a significant future revenue stream for the company. Following the earnings call, CoStar's stock price jumped, rising over $2 per share and reaching $90 per share.

    Key financial highlights include:

    * Revenue: $781 million in Q2, up 15% year-over-year

    * Cash and cash equivalents: $3.63 billion at the end of Q2

    * Gross profit: $613.5 million, up from $542 million a year ago

    * Net income: A gain of $6.2 million in Q2, down from $19 million a year ago

    * EBITDA: An $85 million gain in Q2, up from $41 million a year ago

    CoStar Group has increased its adjusted EBITDA guidance for the full year 2025 to $370-$390 million, a $10 million increase at the midpoint compared to earlier guidance.