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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%.
CoStar
CoStar
CoStar Revenue by Segment
CoStar Revenue by Geographic Location
Revenue by Segment
CoStar Revenue
CapyFin.comInformation Services Revenue
CapyFin.comMultifamily Revenue
CapyFin.comLoopNet Revenue
CapyFin.comResidential Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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.
- Increase the level of investment in Residential to a range of approximately $300 to $320 million for the full year of 2022
- Uncertainty surrounding the impact of the COVID-19 pandemic
- Volatility in the international and U.S. economy and the real estate industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income