CoStar Group

CoStar Group, Inc. provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions. Its brands include CoStar, which is the largest provider of CRE research and real-time data, LoopNet, which is the most heavily trafficked mobile and online real estate marketplace, Apartments.com, which is the rental home resource for renters, property managers and owners, STR, which provides performance benchmarking and comparative analytics to the hotel industry, BizBuySell, which is the online marketplace for businesses-for-sales, and Lands of America, which is the operator of online marketplaces for rural real estate. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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CoStar Group reports robust Q4 earnings, eyes long-term growth targets

CoStar Group's Q4 2022 earnings call highlighted strong financial results, ongoing investments in key segments, and a focus on sustainable growth. The company is optimistic about achieving its long-term revenue and EBITDA targets, despite facing challenges in margin contraction and investment management.

CoStar Group reports robust Q1 earnings, eyes European expansion

CoStar Group delivered strong Q1 2023 results, driven by revenue growth across key segments like Apartments.com, Homes.com, and LoopNet, showcasing operational strength.
While facing challenges in revenue guidance adjustments and increased spending, the company remains focused on growth opportunities in new markets and strategic investments.
With a solid financial foundation, diverse revenue mix, and confidence in market resilience, CoStar is poised to navigate challenges and capitalize on emerging opportunities for sustained growth.
The company's performance highlights its ability to adapt to market dynamics, leverage strengths in key business areas, and pursue strategic initiatives for long-term success.

CoStar Group excels in Q2 earnings, poised for strategic growth

CoStar Group delivered impressive Q2 results with revenue surpassing expectations and strong EBITDA performance.
While facing challenges in sales growth in some segments, CoStar's diverse product offerings and market strategies position it well for future growth.
Strategic focus on premier ads, value propositions, and investments in innovation underscore CoStar's commitment to driving revenue and market expansion.

CoStar Group reports robust Q3 growth, eyes European expansion

CoStar Group's Q3 performance reflects strong revenue growth, robust sales momentum, and strategic investments positioning the company for continued success and market leadership.
Despite challenges in meeting EBITDA guidance and booking volatility, CoStar's diversified revenue streams, market focus, and growth initiatives present opportunities for sustained growth and expansion.
With a focus on disruptive technologies, market expansion, and content enhancement, CoStar is poised to capitalize on growth opportunities in the U.K., Europe, and the residential market segment.
Overall, CoStar Group's performance highlights resilience, strategic foresight, and a strong market position, setting the stage for continued growth and value creation in the real estate information and marketplace sector.

CoStar Group reports robust 2023 performance and strategic growth plans

CoStar Group's strong 2023 performance, marked by revenue growth and improved net income, positions the company well for future growth.
While facing challenges such as declining legacy revenue and increased capital expenditures, strategic opportunities in residential markets and international expansion offer avenues for growth.
The company's focus on driving operating leverage in commercial businesses while funding residential marketplace strategy underscores a balanced approach to growth and profitability.
Overall, CoStar Group's financial strategy for 2024 aims to capitalize on strengths, address challenges, and leverage opportunities for sustained growth and profitability.

CoStar Group excels in Q1 2024, acquires Matterport for growth

CoStar Group delivered strong Q1 2024 results, surpassing revenue estimates and setting record metrics in key segments and market engagement.
Strategic acquisitions, like Matterport, and robust segment performances position CoStar for sustained growth and enhanced market presence.
While facing challenges in balancing segment revenues and short-term profitability, CoStar's focus on operational efficiency and growth opportunities remains strong.
Overall, CoStar's outlook for the year indicates a positive trajectory with revenue growth, enhanced data capabilities, and market expansion opportunities.

CoStar Group excels in Q2 2024, eyes sustained growth

CoStar Group delivered impressive financial results in Q2 2024, driven by revenue growth and operational efficiency.
While facing challenges in certain segments, the company's strong performance and market reach position it well for future growth.
With revised revenue guidance and increased full-year outlook, CoStar Group remains focused on sustained growth and market leadership.

CoStar Group excels in Q3 2024, eyes growth through acquisitions

CoStar Group's Q3 2024 showcased strong financial results, exceeding expectations across revenue, net income, and EBITDA. The company's diverse segments, including Apartments.com and commercial real estate, demonstrated resilience and growth potential.
While facing challenges with Homes.com, CoStar remains poised for growth with strategic acquisitions like Visual Lease and ongoing investments in sales forces. The outlook for 2024 indicates a positive trajectory with revenue growth and adjusted EBITDA expectations.

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CoStar Group, Inc. engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the North America and International geographical segments. The North America segment includes the United States and Canada. The International segment refers to Europe, Asia-Pacific, and Latin America. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group is proud to announce a $5 million commitment to Management Leadership for Tomorrow (MLT), a national nonprofit dedicated to providing Black, Latinx, and Native American students with the coaching, career preparation and access to professional networks necessary to become the next generation of leaders. The donation, which will be allocated over the next five years to boost the nonprofit's undergraduate program, follows a $1 million pledge made by

CoStar Group Announces $5 Million Commitment to Management Leadership for Tomorrow

WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – a CoStar Group company – released an in-depth look at national multifamily rent growth trends for May 2022 backed by analyst observations. “As we look back on the month of May, yearly rents at the market level remain well above historical averages, despite our data showing rents moderating from the record highs posted last year,” said Jay Lybik, National Director of Multifamily Analytics, CoStar Group. “Furthermore, the acceleration seen in t

Apartments.com Publishes May 2022 Rent Growth Report

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, proudly announced today that The Globee® Awards, organizers of world's premier business awards programs and business ranking lists, has named CoStar Group's Chief Human Resources Officer Michael Desmarais as the Gold Globee ® Human Resources Professional of the Year in the Workplace Safety category. D

CoStar Group's Michael Desmarais Named 2022 Human Resources Professional of the Year in The Globee® Awards' Coveted Annual Golden Bridge Awards Program

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of commercial and residential real estate information, analytics, and online marketplaces, today announced the appointment of Cyndi Eakin as Senior Vice President of Investor Relations, effective immediately. As head of Investor Relations, Ms. Eakin will be responsible for maintaining and expanding relationships with institutional investors and analysts and communicating CoStar's strategy and business results to

CoStar Group Appoints Cyndi Eakin as Senior Vice President of Investor Relations

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, proudly announced today that Corey Durant, Vice President of Research, was named to the 2022 EMPower Ethnic Minority Role Model Lists. Created by diversity and inclusion membership organization INvolve and supported by Yahoo Finance, the lists showcase leaders who are smashing the ceiling for people o

CoStar Group Vice President of Research Corey Durant Recognized in The EMPower Ethnic Minority Role Model List 2022

WASHINGTON--(BUSINESS WIRE)--Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets – was named one of Washingtonian Magazine's 2022 Tech Titans. For the second consecutive year in a row, Florance has been featured alongside entrepreneurs, government officials, and cybersecurity experts. Individuals recognized as Tech Titans

CoStar Group Founder and CEO Andrew C. Florance Named 2022 Tech Titan by Washingtonian Magazine

WASHINGTON--(BUSINESS WIRE)--Researchers at CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets – today unveiled a new look at recovery trends among the commercial real estate retail market in the aftermath of the global pandemic. According to analysts at CoStar Group, Live-Work-Play office nodes are emerging as a trend that can help protect urban retailers from elevated levels o

CoStar Group Publishes New Retail Sector Findings

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WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – a leading national online marketplace owned by CoStar Group – released an in-depth look at national multifamily rent growth trends for April 2022 backed by analyst observations. “Overall, April saw a slight deceleration of rent growth both nationally and at the market level,” said Jay Lybik, National Director of Multifamily Analytics, CoStar Group. “However, in our minds, the bigger takeaway from this report is the number of formerly high-fly

Apartments.com Publishes April 2022 Rent Growth Report

WASHINGTON--(BUSINESS WIRE)--Ten-X – the world's largest online commercial real estate exchange – today unveiled the cash prize winners as round two of the company's Battle of the Bids contest comes to a close. Over 1,000 contestants have already claimed a total of $500,000 in cash winnings, including round two contestant Derrick Vartanian; Keller Williams, who won $100,000. Ten other players in this round have claimed $10,000 each, Kyle Hynes, Marcus & Millichap; J. Ches Wilson, Pacific We

Battle of the Bids Contest Heats Up as Ten-X Unveils Round Two Winners

RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets – today announced the expansion of the company's corporate office footprint in Richmond, VA., with the purchase of a 5-story 117,448 SF office building in the Manchester neighborhood for $20 million. The property was vacant at the time of the sale and was formerly fully occupied by SunTrust (now T

CoStar Group Expands Richmond Office Footprint With Purchase of Riverfront Office Building

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, announced today the hire of Robert Stassen as Head of Analytics for Europe. In this role, Stassen will be responsible for growing and leading CoStar Group's expanding European Analytics team as it produces insightful analyses of economic and real estate market conditions in the region for inclusion i

CoStar Group Welcomes Robert Stassen as New Head of Analytics for Expanding Europe Region

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that LoopNet, the top online commercial real estate marketplace, experienced a record-breaking quarter for site traffic in the first quarter of 2022. “Traffic is trending up and LoopNet is further establishing itself as the name brand for commercial real estate property searches among both tenants and investors

LoopNet Soars Past Records for Quarterly Site Traffic in the First Quarter of 2022

Shares of the real estate tech company gained on a strong earnings report.

Why CoStar Group Was Climbing Today

CoStar Group, Inc. (NASDAQ:CSGP ) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET Company Participants Gene Boxer - General Counsel & Corporate Secretary Andy Florance - Founder and CEO Scott Wheeler – CFO Conference Call Participants George Tong - Goldman Sachs Pete Christiansen - Citi Jeff Mueller - Baird Stephen Sheldon - William Blair Ryan Tomasello - KBW Mayank Tandon - Needham Ashish Sabadra - RBC Joe Goodwin - JMP John Campbell - Stephens Inc Operator 00:06 Good Day. Thank you for standing.

CoStar Group, Inc. (CSGP) CEO Andy Florance on Q4 2021 Results - Earnings Call Transcript

CoStar (CSGP) delivered earnings and revenue surprises of 10.71% and 0.68%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

CoStar Group (CSGP) Tops Q1 Earnings and Revenue Estimates

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2022, was $516 million, an increase of 13% over revenue of $458 million for the first quarter of 2021. Net income for the first quarter of 2022 was $89 million, an increase of 20% compared to net income of $74 million for the first quarter of 2021. EBITDA for the firs

CoStar Group First Quarter 2022 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 31% to a Record $68 Million

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets today proudly announced the appointment of David Mele as the new President of LoopNet. LoopNet is the most heavily trafficked mobile and online commercial real estate marketplace, connecting tenants and investors to commercial real estate available for sale and lease. As President, Mele will be respo

CoStar Group Appoints David Mele as President of LoopNet

WASHINGTON--(BUSINESS WIRE)--In honor of Earth Day, CoStar Group, Inc. (NASDAQ: CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets – has underscored the company's commitment to a greener tomorrow by reflecting on a suite of environmental initiatives. Key initiatives include a significant technology recycling program, which resulted in more than five tons of computer equipment being recycled in the last yea

CoStar Group Highlights Green Initiatives in Recognition of Earth Day

WASHINGTON--(BUSINESS WIRE)--Apartments.com, a CoStar Group brand (NASDAQ: CSGP) recently released the first in a series of new TV spots as part the company's 2022 marketing campaign. The new campaign – developed in partnership with Rubin Postaer and Associates– gets to the heart of what matters most to renters, as many prepare to make their first move in the wake of the COVID-19 pandemic. Jeff Goldblum returns for an eighth year as Apartminternet Founder Brad Bellflower, a quixotic futurist wh

Apartments.com Launches New Marketing Campaign Focused on Changing Consumer Rental Behavior Post-Pandemic

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today announced the launch of two new programs focused on fostering employee growth. Developed in partnership with University of Virginia's Darden Executive Education School, the Leadership and Executive Accelerator Program (LEAP) and Management Accelerator Program (MAP) programs combine classroom lea

CoStar Group Launches Internal Leadership and Accelerator Programs

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, proudly announced today that CoStar news has received the prestigious Best in Business Award for Innovation from the Society for Advancing Business Editing and Writing (SABEW). CoStar news was honored for an interactive report it published in 2021 analyzing technology giant Amazon's real estate use ac

CoStar News Honored With Innovation Award From Society for Advancing Business Editing and Writing

CoStar (CSGP) recently acquired Business Immo, France's premier commercial real estate news service.

CoStar (CSGP) Acquires Business Immo, Expand Footprint in France

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the acquisition of France's premier commercial real estate news service, Business Immo. Business Immo was founded in 2004 and has grown rapidly as an online property news source with national coverage of the French commercial real estate market. Today, Business Immo is widely recognize

CoStar Group Acquires Business Immo, a Leading Commercial Real Estate News Service in France

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the first quarter 2022 following the market close on Tuesday, April 26, 2022. Management will conduct a conference call to discuss the first quarter results, as well as the Company's outlook at 5:00 PM EDT that same day. A live audio webcast of the conference will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay

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