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's (CSGP) third-quarter 2023 results reflect solid top-line growth, led by Apartments.com and Multifamily business segments.

CoStar Group (CSGP) Q3 Earnings Meet Estimates, Revenues Up Y/Y

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The home-builder sector suffered a broad selloff Wednesday as a rise in Treasury yields, which highlighted concerns over generationally low housing affordability, offset data showing a big beat in new-home sales.

Home-builder stocks fall as lowest affordability in nearly 40 years offsets upbeat sales data

Shares of CoStar Group Inc. CSGP, -7.50% tumbled 7.7% toward a six-month low in morning trading Wednesday, after the real estate marketplace provider came up short on third-quarter revenue and trimmed its full-year outlook, amid “one of the worst property markets in decades.” The stock was currently the fourth-worst performer in the S&P 500 SPX, -1.07% on the day.

CoStar stock tumbles as revenue miss and trimmed outlook highlights one of worst real estate markets in decades

While the top- and bottom-line numbers for CoStar (CSGP) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CoStar (CSGP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

CoStar Group (CSGP) came out with quarterly earnings of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.

CoStar Group (CSGP) Q3 Earnings Match Estimates

CoStar Group Inc tumbled more than 9% in extended trading after the company's third-quarter revenue fell short of expectations.  The commercial real estate information company posted revenue of $625 million, up 12% year-over-year but short of Street expectations of $625.7 million.

CoStar Group falls just short of 3Q revenue expectations

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 September 30, 2023 was $625 million, up 12% over revenue of $557 million for the quarter ended September 30, 2022. Net income was $91 million in the third quarter, an increase of 25% over the prior year. “CoStar Group delivered strong results this quarter on our two principal f.

CoStar Group Third Quarter 2023 Revenue Increased 12% Year-over-Year Marking 50 Straight Quarters of Double-Digit Revenue Growth

OnTheMarket shares OTMP, +53.19% rose 53% to 108 pence after CoStar Group CSGP, -2.68% agreed to acquire the third most visited residential property portal in the United Kingdom, for 110 pence per share, or approximately £100 million. CoStar Group intends to invest £46.5 million into sales and marketing in the first full year following the commencement of the integration of the portal into CoStar's network of residential marketplace, which it said was six times OnTheMarket's annual spend and more than three times that of Rightmove RMV, -12.90%.

OnTheMarket shares jump on CoStar's bid

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading global provider of online real estate marketplaces, information, and analytics, announced a proposal today to acquire OnTheMarket, the third most visited residential property portal in the United Kingdom, for £1.10 per share in cash or approximately £100 million. OnTheMarket was founded by agents in 2013 to provide a competitive alternative to the existing UK property portals. Since then, it has successfully developed a l.

CoStar Group Offers to Acquire Leading UK Residential Property Portal OnTheMarket

CoStar Group's (CSGP) third-quarter 2023 top line is likely to benefit from strong Apartments.com traffic and higher ad spending.

CoStar Group (CSGP) to Post Q3 Earnings: What's in Store?

WASHINGTON--(BUSINESS WIRE)--Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, was named one of the most powerful people in commercial real estate proptech by Commercial Observer for the second consecutive year. Andy has led the company from its founding in 1986, through its successful IPO in July 1998, to its market-leading position today as a dominant pro.

CoStar Group Founder and CEO Andy Florance Recognized on Commercial Observer's 2023 Power Proptech List

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, is accepting nominations for the third annual CoStar Impact Awards. The CoStar Impact Awards identify and highlight exemplary commercial real estate transactions and projects that have had a significant influence in neighborhoods or submarkets across 128 major markets in the United States, Canada and United Kingdom. The awards will r.

CoStar Group Calls for Entries Ahead of Third Annual CoStar Impact Awards

CoStar Group, Inc. operates a large and complex set of businesses in both the residential and commercial sides of real estate. The company is growing traffic and market share at an impressive rate and has a rock-solid balance sheet. However, the stock has also seen significant insider selling in its shares in 2023, potentially indicating a top in the shares.

CoStar Group: A Complicated Set Of Businesses With Notable Insider Selling

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, will announce financial results for the third quarter of 2023 following the market close on Tuesday, October 24, 2023. Management will conduct a conference call to discuss the third quarter results, as well as the Company's outlook at 5:00 PM EDT that same day. A live audio webcast of the conference.

CoStar Group to Report Financial Results for Third Quarter on October 24, 2023

CoStar Group (CSGP) shines with Homes.com surpassing 100M unique visitors, solidifying its position among the top U.S. real estate portals.

CoStar's (CSGP) Homes.com Surpasses 100 Million Visitors

WASHINGTON--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), an S&P500 leading provider of online real estate marketplaces, information, and analytics, today announced Homes.com achieved a major milestone in September with over 100 million unique visitors, now positioning Homes.com as one of the two most heavily trafficked real estate portals in the U.S. Homes.com's 100 million unique monthly visitors beat direct competitor Realtor.com, who recently reported 74 million monthly unique visitors,.

Homes.com Skyrockets Past 100 Million Unique Visitors in September

WASHINGTON--(BUSINESS WIRE)--Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today was named a Gold Globee winner for CEO of the Year at the 11th Annual Globee Awards for Leadership. Since the company's founding in 1986, Andy has led CoStar Group to its market-leading position today as a dominant provider of commercial and residential real estate informat.

Andy Florance Honored with Gold Globee for CEO of the Year by Globee Business Awards

WASHINGTON--(BUSINESS WIRE)--Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was honored as one of Washingtonian's 2023 Tech Titans. The Tech Titans list, published annually, recognizes industry leaders across the D.C. area who make innovative and important contributions to the region's technology sector. Tech Titan winners include entrepreneurs, gov.

Andy Florance Named 2023 Tech Titan By Washingtonian Magazine

WASHINGTON--(BUSINESS WIRE)--Today, CoStar Group's Founder and Chief Executive Officer, Andy Florance, was named the winner of a Gold Stevie® Award in the Executive of the Year – Real Estate category in The 20th Annual International Business Awards®. He was also honored with a Silver Stevie® Award in the Best Entrepreneur – Real Estate category. Florance was recognized for his exceptional achievements in the global real estate sector, where despite the macroeconomic headwinds seen in recent yea.

CoStar Group's Andy Florance Wins Gold Stevie® Award in 2023 International Business Awards®

RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced it is serving as the lead sponsor of the sixth annual Ultimate Backpack Supply Drive, a program working to provide students at Richmond public schools with more than 35,000 backpacks filled with essential school supplies to help start the school year off on the right foot, free of charge. In partnership with the Ri.

CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students

WASHINGTON--(BUSINESS WIRE)--CoStar Group (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 its board to nine members with the appointment of Angelique Brunner as an independent member of the board. Angelique Brunner joins the Board with more than 25 years of experience in finance and real estate and venture capital. She is CEO and Founder of EB5 Capital, an indus.

CoStar Group Appoints Angelique Brunner to Board of Directors

CoStar Group's (CSGP) second-quarter 2023 results reflect solid top-line growth led by the Apartments.com and Multifamily business segments.

CoStar Group (CSGP) Q2 Earnings Top Estimates, Revenues Up Y/Y

CoStar Group, Inc. (NASDAQ:CSGP ) Q2 2023 Earnings Conference Call July 25, 2023 5:00 PM ET Company Participants Cyndi Eakin - Head of IR Andy Florance - Founder & CEO Scott Wheeler - CFO Conference Call Participants George Tong - Goldman Sachs Heather Balsky - Bank of America Merrill Lynch Peter Christiansen - Citi Ryan Tomasello - KBW Jeff Meuler - Baird Alexei Gogolev - JPMorgan Stephanie Moore - Jefferies Operator Good afternoon. My name is JP and I will be your conference operator today.

CoStar Group, Inc. (CSGP) Q2 2023 Earnings Call Transcript

CoStar Group (CSGP) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.28 per share a year ago.

CoStar Group (CSGP) Tops Q2 Earnings 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 June 30, 2023 was $606 million, 13% over revenue of $536 million for the quarter ended June 30, 2022. Net income was $101 million in the second quarter, an increase of 20% over prior year. “We achieved another great quarter of very strong results in terms of revenue, sales and.

CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors.

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