CoStar Earnings Reports

CoStar Group delivered its 55th consecutive quarter of double-digit revenue growth, with Q4 revenue reaching $709.4 million (+10.81% YoY). However, net income declined by 37.96% YoY to $59.8 million, impacted by increased marketing and development expenses. The company remains optimistic about 2025, with revenue guidance set between $2.985 billion and $3.015 billion.

CoStar Group reported an 11% year-over-year increase in revenue, reaching $693 million for the third quarter of 2024. Net income increased by 176% compared to the second quarter, while EBITDA and Adjusted EBITDA also saw substantial growth. The company's commercial information and marketplace businesses maintained strong profit margins.

CoStar Group reported a revenue increase of 12% year-over-year, reaching $678 million for Q2 2024. The company's net income was $19 million, with a net income per diluted share of $0.05. The commercial information and marketplace businesses delivered 41% profit margins.

CoStar Group's Q1 2024 results showed strong revenue growth, driven by the successful launch of Homes.com monetization, leading to record net new bookings. The company's revenue increased by 12% year-over-year, with Apartments.com and CoStar achieving significant revenue milestones.

CoStar Group reported a 12% increase in revenue for Q4 2023, reaching $640 million. Net income for the quarter was $96 million. The company highlighted the growth of Apartments.com and the launch of Homes.com.

CoStar Group reported strong Q3 2023 results with a 12% increase in revenue year-over-year, reaching $625 million. Net income rose by 25% to $91 million. The company is focused on investing in Homes.com and aims to begin monetization in the second quarter of 2024.

CoStar Group reported strong Q2 2023 results, with revenue reaching $606 million, a 13% increase year-over-year. Apartments.com revenue growth accelerated to 23%. The company's sales team delivered $82 million in net new bookings, the second-highest in its history. Traffic to CoStar Group's websites reached 105 million unique visitors in June.

CoStar Group reported a 13% year-over-year increase in revenue, reaching $584 million for Q1 2023. Net new bookings grew by 17% to $80 million, and Apartments.com saw a 20% revenue increase.

CoStar Group reported a 13% increase in revenue for Q4 2022, reaching $573 million. The company's Apartments.com platform saw substantial growth, with net new bookings increasing by 177% compared to the same period in 2021.

CoStar Group reported a revenue increase of 12% to $557 million compared to Q3 2021. Net income was $72 million, or $0.18 per diluted share, while non-GAAP net income was $118 million, or $0.30 per diluted share, a 19% increase year-over-year. The company is raising its revenue and adjusted EBITDA guidance for the full year 2022.

CoStar Group reported strong Q2 2022 results, with revenue of $536 million, a 12% increase year-over-year, and net income of $83 million, a 37% increase year-over-year. The company's top three products, CoStar, Apartments.com, and LoopNet, all achieved high double-digit sales increases. CoStar Group is raising its revenue and adjusted EBITDA guidance for the year.

CoStar Group's Q1 2022 revenue reached $516 million, a 13% increase year-over-year, with net income rising by 20% to $89 million. The company experienced record sales, driven by strong performance in its flagship product, CoStar, and a rebound in Apartments.com sales. The company is raising its revenue and adjusted EBITDA guidance for the year.

CoStar Group reported a 14% increase in revenue for Q4 2021, reaching $507 million. Net income for the quarter increased by 160% to $93 million, or $0.24 per diluted share. Net sales bookings reached an all-time high of $67 million. The company's Q4 revenue run rate is now over $2 billion.

CoStar Group reported a strong third quarter with revenue of $499 million, a 17% increase year-over-year. The company's CoStar performance improved with double-digit growth rates. Net income for the quarter was $64 million, or $0.16 per diluted share, while non-GAAP net income was $99 million, or $0.25 per diluted share.

CoStar Group announced strong second-quarter results with revenue of $480 million, a 21% increase year-over-year. Net income was $61 million, or $0.16 per diluted share, while non-GAAP net income was $103 million, or $0.26 per diluted share. The company saw significant growth across all businesses, with total revenue and profit exceeding forecasts and a substantial increase in visitors to its platforms.

CoStar Group reported a strong start to 2021 with revenue of $458 million, a 17% increase year-over-year. Net income was $74 million, or $1.88 per diluted share, and adjusted EBITDA was $160 million, up 29% year-over-year.

CoStar Group reported a strong Q4 2020, with revenue reaching $444 million, a 19% increase year-over-year. The company's marketplaces saw a 29% growth in traffic, and adjusted EBITDA increased by 18% to $167 million.

CoStar Group's Q3 2020 revenues reached $426 million, a 21% increase year-over-year. The company achieved record traffic to its platforms and strong sales growth in Apartments.com and LoopNet.

CoStar Group reported a 16% increase in revenue to $397 million for Q2 2020. Net income was $60 million, or $1.60 per diluted share, and adjusted EBITDA increased by 17% to $129 million. The company experienced record sales in June and saw increased traffic to its Apartments.com and LoopNet marketplaces.

CoStar Group reported a strong first quarter in 2020, with revenue increasing by 19% year-over-year to $392 million. Net income was $73 million, and adjusted EBITDA reached $124 million. The company successfully transitioned its operations to remote work and saw record traffic to its platforms.

CoStar Group reported Q4 2019 revenue of $375 million, a 19% increase year-over-year. Net income for the quarter was $88 million, up 5% compared to the previous year.