CoStar (CSGP) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - CoStar Group reported revenue of $709.4 million for the quarter ended December 2024, reflecting a year-over-year increase of 10.8% and a surprise of +1.20% over the Zacks Consensus Estimate of $701 million [1] - The earnings per share (EPS) for the quarter was $0.26, down from $0.33 in the same quarter last year, but exceeded the consensus estimate of $0.22 by +18.18% [1] Revenue Breakdown - CoStar's revenue from its core services was $260.30 million, slightly below the estimated $260.69 million, representing a year-over-year increase of +9.5% [4] - Information Services revenue was reported at $36.50 million, exceeding the estimate of $31.19 million, but showing a decline of -14.5% year-over-year [4] - Other Marketplaces generated $36.10 million, surpassing the average estimate of $32.10 million, with a year-over-year change of -3.5% [4] - LoopNet revenue was $71.90 million, slightly above the estimate of $71.72 million, marking a +5% increase year-over-year [4] - Residential revenue surged to $28.10 million, compared to the estimate of $28.50 million, reflecting a significant year-over-year increase of +181% [4] - Multifamily revenue was reported at $276.50 million, just below the estimate of $277.32 million, with a year-over-year increase of +13.4% [4] Stock Performance - CoStar's shares have returned +0.3% over the past month, while the Zacks S&P 500 composite has increased by +4.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]