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.

CoStar Group is experiencing strong growth momentum, especially in its residential segment, which saw a 41.4% increase in revenue. The acquisition of Matterport is expected to enhance the user experience on CoStar Group's platform and drive further growth. Despite a high mortgage rate environment, CoStar Group's business has shown resilience, with healthy revenue growth in Apartments.com and CoStar Suites.

CoStar Group: Strong Growth Momentum

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Just about half of S&P 500 companies reported their first-quarter earnings. And they're coming in better than expected.

Corporate Profit Blasts Past Expectations Thanks To 10 Stocks

CoStar Group's (CSGP) first-quarter 2024 results reflect solid top-line growth, led by robust performance in key segments.

CoStar Group (CSGP) Q1 Earnings Beat Estimates, Revenues Up Y/Y

CoStar Group, Inc. (NASDAQ:CSGP ) Q1 2024 Earnings Conference Call April 23, 2024 5:00 PM ET Company Participants Cyndi Eakin - Head of Investor Relations Andrew Florance - Founder and Chief Executive Officer Scott Wheeler - Chief Financial Officer Conference Call Participants Peter Christiansen - Citi George Tong - Goldman Sachs Alexei Gogolev - JPMorgan Ryan Tomasello - KBW Stephen Sheldon - William Blair Surinder Thind - Jefferies Heather Balsky - Bank of America Operator Good day and thank you for standing by. Welcome to the CoStar Group First Quarter 2024 Earnings Call.

CoStar Group, Inc. (CSGP) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for CoStar (CSGP) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, CoStar (CSGP) Q1 Earnings: A Look at Key Metrics

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, 2024 was $656 million, up 12% over revenue of $584 million for the quarter ended March 31, 2023. Net income was $7 million in the first quarter and net income per diluted share was $0.02 for the first quarter of 2024. “CoStar Group delivered exceptional revenue, sales.

CoStar Group Successfully Launches Monetization of Homes.com in First Quarter 2024, with $39 Million of Net New Bookings Accelerating Overall Net New Bookings to a Record $86 Million

Matterport

The transaction represents a premium of a whopping 212% over Matterport's last closing share price before the deal was announced on April 22.

Y Combinator alum Matterport is being bought by real estate juggernaut Costar at a 212% premium

Nextdoor

Matterport is being acquired by CoStar in a $1.7 billion cash and stock deal. The company not only has an excellent proprietary technology, but also a strong balance sheet.

This Technology Company Is Being Acquired at a Shocking 207% Premium -- and These 2 Stocks Could Be Next

Matterport shares surged almost 180% after it was revealed the spatial data company is being acquired by CoStar Group Inc (NASDAQ:CSGP) to bolster its digital real estate offering. The companies said on Monday that CoStar will acquire Materport in a cash and stock transaction valued at $5.50 per share, representing an enterprise value of $1.6 billion.

CoStar to acquire spatial data firm Matterport for $1.6B

The provider of online real estate marketplaces says it will pay $5.50 per share for Matterport.

CoStar Group Buys Spatial Property Data Company for $1.6 Billion

Shares of Matterport Inc. skyrocketed Monday, after the provider of 3D “digital twins” of real-estate properties agreed to be acquired by online real-estate marketplace CoStar Group Inc. in a deal valued at $1.6 billion.

CoStar pays big premium to buy tech company that creates virtual showings

The Transaction is Expected to Increase the Development and Deployment of Matterport's Advanced AI and Digital Twin Technology The Transaction is Expected to Increase the Development and Deployment of Matterport's Advanced AI and Digital Twin Technology

Matterport, the Global Leader in 3D Digital Twins, to be Acquired by CoStar Group

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 it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75.

CoStar Group to Acquire Matterport, the Global Leader in Immersive 3D Digital Twins and Artificial Intelligence for the Real Estate Industry That Makes Properties Intuitive and Interactive Online

CoStar Group's (CSGP) first-quarter 2024 top line is likely to reflect a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.

CoStar Group (CSGP) to Post Q1 Earnings: What's in Store?

Evaluate the expected performance of CoStar (CSGP) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Ahead of CoStar (CSGP) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has been chosen as a 2024 Top Workplaces USA for Richmond by the Richmond Times-Dispatch. This was the first year that CoStar Group had been considered for the award, which was informed by employee surveys conducted by a neutral third party, employee research firm Energage. “I'm very proud that we've been.

CoStar Group Named Among Richmond Times-Dispatch's Top Workplaces in 2024

Winners were selected by a panel of more than 660 esteemed industry professionals across 128 markets at the third annual commercial real estate awards WHITELAND, Ind. , April 8, 2024 /PRNewswire/ -- Mohr Logistics Park (MLP) was named the 2024 "Commercial Development of the Year" CoStar Impact Award winner in the Indianapolis market.

Mohr Logistics Park Named 2024 "Commercial Development of the Year" CoStar Impact Award Winner

Redfin

The National Association of Realtors settled a lawsuit that could dramatically change the way homes are sold.

Potential Winners and Losers From the National Association of Realtors Settlement

WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the first quarter of 2024. The U.S. multifamily market staged a strong rebound in demand during the first quarter of 2024, as 104,400 units were absorbed, the highest number since the third quarter of 2021. While the increase in demand was impressive, it was still overwhelmed by the 140,000 new units delivered in the last quarter. This supply-demand.

Apartments.com Publishes Multifamily Rent Report for First Quarter of 2024

Copart

Trade Desk

InvestorPlace contributor Omor Ibne Ehsan recently recommended three stocks trading under $20, which investors could turn $100 in each of these into $10,000 by 2026. I will double down on that premise, suggesting three stocks under $100 to buy that will make you $50,000 by 2026.

From $50 to $50,000: 3 Stocks Under $100 That Could Skyrocket Your Wealth by 2026

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the first quarter of 2024 following the market close on Tuesday, April 23, 2024. 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 call will be available in lis.

CoStar Group to Report Financial Results for First Quarter on April 23, 2024

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the winners of the 2024 CoStar Impact Awards. The 2024 CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2023 that have significantly influenced neighborhoods or submarkets across 128 major international markets in the United States, Canada and the United Kingdom.

CoStar Group Announces Winners of 2024 CoStar Impact Awards

Many real estate giants could be hurt by the upcoming changes, but there are some that could win.

Real Estate Commissions Could Drop by 25% or More, but These 2 Companies Could Be Big Winners

CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?

CoStar (CSGP) Up 14.7% Since Last Earnings Report: Can It Continue?

Zillow

An agreement to change how real estate brokers are paid will change housing for everyone.

News for CoStar Group Stock (CSGP)