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.

Earnings data Q1 2021

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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.

Management is lowering guidance but keeping long-term targets in place.

Why CoStar Group Stock Is Falling Today

CoStar Group, Inc.'s (CSGP) CEO Andrew Florance on Q2 2021 Results - Earnings Call Transcript

Shares of CoStar Gr (NASDAQ:CSGP) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share decreased 88.89% year over year to $0.26, which beat the estimate of $0.23.

CoStar Gr: Q2 Earnings Insights

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, announced today that revenue for the quarter ended June 30, 2021 was $480 million, an increase of 21% over revenue of $397 million for the second quarter of 2020. Net income for the second quarter of 2021 was $61 million, or $0.16 per diluted share. Non-GAAP net income for the second quarter of 2021 (which excludes amortization of acquir

CoStar Group Second Quarter 2021 Revenue Increases 21% Year-over-Year, Visitors to CoStar Group Marketplaces up over 45% Year-over-Year

CoStar (CSGP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CoStar Group (CSGP) Reports Next Week: What to Expect

CoStar Group offers real estate information and online marketplaces in the United States. CoStar Group, Inc. owns a database developed for more than 30 years. It means that the company has information about many clients and real estate assets.

CoStar Group: Growing Free Cash Flow, And Undervalued

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the second quarter of 2021 following the market close on Tuesday, July 27, 2021. Management will conduct a conference call to discuss second quarter results and 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 of the

CoStar Group to Report Financial Results for Second Quarter 2021 on July 27, 2021

CoStar Group Inc (NASDAQ: CSGP) recently announced that its board of directors approved and declared a 10-for-1 split of CoStar Group's common stock. These are the details.

CSGP Stock Price: 10-For-1 Split

CoStar Group is a data business serving the commercial real estate industry. Despite its $31bn market cap it is not particularly well known outside of its immediate circle.

We Remain At Buy On CoStar Group

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that its Board of Directors has approved and declared a ten-for-one split of CoStar Group's common stock in the form of a stock dividend in an effort to make stock ownership more accessible to employees and investors. The Board set June 17, 2021 as the record date for the stock dividend. Each stockholder of record at the c

CoStar Group Announces a Ten-for-One Stock Split

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, issued a statement today clarifying that it is in no way associated, related or linked to Chinese firm CoStar Group Co., Ltd., a company principally engaged in the research, development, design, manufacture, processing and sales of optical parts and components. CoStar Group, Inc.'s clarification is a response to the Biden Administration's

CoStar Group, Inc. (NASDAQ: CSGP), the Washington, DC Based Provider of Commercial Real Estate Information, is in No Way Associated with Chinese Firm Costar Group Co. Ltd. (002189.SZ), a Chinese Company Facing a Ban on Stock Purchases by Americans

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has completed the acquisition of Homes.com, previously announced on April 14, 2021, for $156 million in cash. The Federal Trade Commission cleared the transaction to close last week. “The combination of Homes.com and Homesnap, which we acquired in December 2020, sets the stage for us to offer sellers, buyers, and r

CoStar Group Closes Acquisition of Homes.com

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CoStar Group, Inc. (CSGP) CEO Andy Florance on Q1 2021 Results - Earnings Call Transcript

CoStar (CSGP) delivered earnings and revenue surprises of 14.58% and 0.87%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

CoStar Group (CSGP) Q1 Earnings and Revenues Top Estimates

Shares of CoStar Gr (NASDAQ:CSGP) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share increased 12.70% year over year to $2.75, which beat the estimate of $2.40.

CoStar Gr: Q1 Earnings Insights

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ:CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, announced today that revenue for the quarter ended March 31, 2021, was $458 million, an increase of 17% over revenue of $392 million for the first quarter of 2020. Net income for the first quarter of 2021 was $74 million, or $1.88 per diluted share. Non-GAAP net income for the first quarter of 2021 (which excludes amortization of acquired

CoStar Group First Quarter 2021 Revenue Increases 17% Year-over-Year With Traffic to CoStar Group Platforms up 47% Year-over-Year

CoStar Group (NASDAQ:CSGP) releases its next round of earnings this Tuesday, April 27. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report.

Earnings Outlook for CoStar Group

WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached a definitive agreement to acquire Homes.com, a division of Dominion Enterprises, for $156 million in cash. Homes.com is a well-recognized residential property listing and marketing portal that supports over 500,000 residential agents and brokers in the home sale process. Approximately 5 million people v

CoStar Group to Acquire Residential Listing Site Homes.com

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WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the first quarter of 2021 following the market close on Tuesday, April 27, 2021.

CoStar Group to Report Financial Results for First Quarter 2021 on April 27, 2021

CoStar Group is a data provider to the real estate industry, and provides vertical market utility-type economics. The stock sold off recently with the tech market at large and also a result of a failed potential M&A bid.

We Rate CoStar Group, An Industry Utility Data Business, At Buy

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News for CoStar Group Stock (CSGP)