CoStar reports higher Q3 profit and agrees to acquire Vexcel for $730 million
Filed with the SEC on · Summarized by InvestorsBot
CoStar Group reported third-quarter 2026 revenue of $952 million, up 14% year over year, with net income of $74 million and adjusted EBITDA of $229 million, double the prior-year figure. The company raised its full-year 2026 adjusted EBITDA guidance to $820 million-$840 million and agreed to acquire Vexcel Group for approximately $730 million in cash, with closing expected in the first quarter of 2027 subject to regulatory approvals and other conditions.