CoStar Group announced first-quarter 2025 revenue of $732 million, a 12% increase year-over-year, marking its 56th consecutive quarter of double-digit revenue growth. The company met the top-end of its revenue guidance and exceeded its Adjusted EBITDA guidance, which reached $66 million, a 429% increase from Q1 2024.
The quarter saw a net loss of $15 million, or $0.04 per diluted share, which included a negative impact of $31 million associated with the Matterport acquisition. Despite this, CoStar's commercial real estate businesses, CoStar and LoopNet, reported strong annualized net new bookings, up 68% and 200% year-over-year, respectively.
Homes.com continued its rapid scaling, with its dedicated salesforce growing to 370 representatives and a demo-to-close rate exceeding 50% in April. The Homes.com Network reached 104 million average monthly unique visitors, and unaided consumer awareness grew to 36% from 4% before its February 2024 launch. Member agents are winning 61% more listings, and the Net Promoter Score rose 85 points to 43.
For the full year 2025, CoStar Group now expects revenue in the range of $3.115 billion to $3.155 billion, implying approximately 15% year-over-year growth. Full year 2025 Adjusted EBITDA is projected between $355 million and $385 million, reflecting the inclusion of Matterport and a 12% margin at the midpoint.
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