CSGP Stock Recent News

If you're one of the over 4 Million Americans set to retire this year, you may want to pay attention.

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today the successful completion of its previously announced acquisition of Matterport, Inc. (NASDAQ: MTTR), the global leader in 3D digital twin technology. This powerful combination brings together two industry pioneers to accelerate the adoption of AI-driven digital twin technology across the global real estate.

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group leading online residential marketplace, today released a new report detailing the home buying and selling trends in the Washington-area housing market after a number of changes amongst the federal workforce, including roughly 75,000 accepting buyouts offered by the Trump administration and an additional number of employees being laid off, which continues to be in flux. The analysis from Homes.com found that since the beginning of Januar.

I maintain a buy rating for CoStar Group due to its promising growth outlook, driven by strong performance in Apartments.com and Homes.com. CSGP's latest earnings report showed 11% y/y revenue growth to $709 million, with adj EBITDA up 47% sequentially, demonstrating strong operating leverage. Apartments.com continues to dominate with 13.4% y/y revenue growth in 4Q24, benefiting from high multifamily vacancy rates and strong pricing power.

Australia's Domain Holdings said on Friday that U.S. online real estate firm CoStar had offered to buy the property classifieds firm in a deal valuing it at A$2.65 billion ($1.70 billion).

CSGP's fourth-quarter 2024 results reflect solid y/y top-line growth and expanding market reach, but rising expenses act as headwinds.

CoStar Group, Inc. (NASDAQ:CSGP ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Simonelli - Head of IR Andrew Florance - Founder & CEO Christian Lown - CFO Conference Call Participants John Campbell - Stephens Peter Christiansen - Citi Ryan Tomasello - KBW Alexei Gogolev - JPMorgan Stephen Sheldon - William Blair Jeff Meuler - Baird Operator Good day, and thank you for standing by. Welcome to the Q4 2024 CoStar Group Earnings Conference Call.

The headline numbers for CoStar (CSGP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CoStar Group (CSGP) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.33 per share a year ago.

CoStar Group (CSGP 1.89%), a provider of real estate information and analytics, released its fourth quarter 2024 earnings on Feb. 18, 2025. The company reported revenue of $709 million, exceeding the analyst estimate of $701 million and reaching the upper limit of its own guidance range of $693 million to $703 million.