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Dec 31, 2021
CoStar Q4 2021 Earnings Report
CoStar Group's revenue increased and net sales bookings grew, marking a strong finish to the year.
Key Takeaways
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's Q4 2021 revenue increased by 14% year-over-year to $507 million.
Net income for Q4 2021 was $93 million, a 160% increase compared to Q4 2020.
Company-wide net sales bookings for Q4 2021 reached an all-time high of $67 million.
Residential property revenue reached $75 million for the full year, with Homesnap products growing over 50%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects revenue in the range of $2.145 billion to $2.165 billion for the full year of 2022, representing growth of approximately 11% year-over-year at the midpoint of the range. We expect revenue for the first quarter of 2022 in the range of $510 million to $515 million, representing revenue growth of approximately 12% year-over-year at the midpoint of the range.
Positive Outlook
- Revenue in the range of $2.145 billion to $2.165 billion for the full year of 2022
- Revenue growth of approximately 11% year-over-year at the midpoint of the range.
- Revenue for the first quarter of 2022 in the range of $510 million to $515 million
- Revenue growth of approximately 12% year-over-year at the midpoint of the range.
- Adjusted EBITDA in a range of $565 million to $605 million for the full year of 2022
Challenges Ahead
- Adjusted EBITDA a decrease of $62 million, or 10%, at the midpoint of the range compared to 2021.
- Adjusted EBITDA in a range of $155 million to $160 million for the first quarter of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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