✓ 96% subscription revenue with 81% annual contracts ✓ 94% renewal rate for clients > 5 years ✓ Net cash provided by operating activities of $490 million for 2023 More Diversified with More Countercyclical Business Mix Since the Great Recession 2008 REVENUE 2024E REVENUE 38% Other 15% CoStarGroup™ Legal Disclaimer Factors that could cause or contribute to such differences include: general economic conditions; the risk that our projections about revenue, EBITDA, Adjusted EBITDA, net income per share, Non-GAA ...

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 1 Our Residential Network consists of the Homes.com Network (not including OnTheMarket), the Apartments.com Network and the Land Network. "We are off to a strong start in the first quarter of 2024 and are raising our full year revenue and adjusted EBITDA guidance," said Scott Wheeler, CFO of CoStar Group. The Company now expect ...

Matterport is being acquired by a real estate giant, but it might not be the last ex-SPAC to go this route.We recently learned that spatial technology company Matterport (MTTR 175.86%), which provides the space-mapping technology used for 3D home tours and many other applications, has agreed to be acquired by real estate giant CoStar (CSGP 1.25%).The terms of the deal were quite favorable for Matterport investors. CoStar values the company at $5.50 per share, half of which will be paid in cash and half paid ...

SUNNYVALE, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representin ...

CoStar Group (CSGP) is slated to report its first-quarter 2024 earnings on Apr 23.The company expects revenues between $645 million and $650 million, indicating growth of 11% year over year at the midpoint of the range. Earnings are expected between 6 and 7 cents per share.For the first quarter, the Zacks Consensus Estimate for revenues is currently pegged at $649.27 million, suggesting growth of 11.11% from the year-ago quarter’s levels.The consensus mark for earnings has remained unchanged at 6 cents per ...

Analysts on Wall Street project that CoStar Group (CSGP) will announce quarterly earnings of $0.06 per share in its forthcoming report, representing a decline of 79.3% year over year. Revenues are projected to reach $649.27 million, increasing 11.1% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 28.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

Winners were selected by a panel of more than 660 esteemed industry professionals across 128 markets at the third annual commercial real estate awardsWHITELAND, 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. This year's winners of the CoStar Impact Awards — chosen for their growth, diversification, and ability to overcome unique challenges in their markets — were selected from a pane ...

A month has gone by since the last earnings report for CoStar Group (CSGP) . Shares have added about 14.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CoStar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. CoStar Group Q4 Earnings Beat Estimates, Revenues Up Y ...

CoStar Group (CSGP) is benefiting from a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com. It has witnessed terrific growth in traffic across its portfolio of marketplaces in recent times.CoStar’s Homes.com have been a frontrunner in this regard. According to Google Analytics, it achieved a milestone in 2023 with 43 million unique visitors. In September last year, it crossed 100 million unique visitors.CoStar recently announced a significant achievement for Homes.com, w ...

CoStar Group (CSGP) shares ended the last trading session 8.3% higher at $95.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.9% gain over the past four weeks.CoStar Group is benefiting from a robust portfolio of marketplaces which includes Apartments.com, LoopNet and Homes.com. It has witnessed a terrific growth in traffic across its portfolio of marketplaces in recent times.CoStar recently announced a signif ...