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Dec 31, 2019
CoStar Q4 2019 Earnings Report
CoStar Group's revenue and net income increased year-over-year.
Key Takeaways
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.
CoStar Group's Q4 2019 revenue increased by 19% year-over-year, reaching $375 million.
Net income for Q4 2019 was $88 million, a 5% increase compared to Q4 2018.
Full-year 2019 revenue was $1.4 billion, a 17% increase over 2018.
The company expects revenue in the range of $1.650 billion to $1.665 billion for the full year of 2020.
CoStar
CoStar
CoStar Revenue by Segment
CoStar Revenue by Geographic Location
Revenue by Segment
CoStar Revenue
CapyFin.comInformation Services Revenue
CapyFin.comMultifamily Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company expects revenue in the range of $1.650 billion to $1.665 billion for the full year of 2020 and adjusted EBITDA in a range of $520 million to $530 million.
Positive Outlook
- Full year 2020 revenue contribution from STR of $61 to $63 million is expected.
- Revenue for the first quarter of 2020 is expected in the range of $387 million to $392 million, representing revenue growth of 19% at the midpoint of the range.
- Adjusted EBITDA for the first quarter of 2020 is expected in a range of $115 million to $120 million.
- Full-year 2020 non-GAAP net income per diluted share is expected in a range of $10.20 to $10.40 based on 36.8 million shares.
- Non-GAAP net income per diluted share for the first quarter of 2020 is expected in a range of $2.25 to $2.35 based on 36.7 million shares.
Challenges Ahead
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially from the results anticipated in the forward-looking statements.
- Trends related to revenue, net income, non-GAAP net income, EBITDA, adjusted EBITDA, and sales bookings may not be sustained at the current pace.
- The Company may be unable to sustain current revenue, earnings and bookings growth rates or increase them.
- CoStar’s and STR’s products may not be combined successfully into a seamless integrated platform when or as expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income