CoStar Group, Inc. - Common Stock (CSGP)

CoStar Group, Inc. (NASDAQCSGP), 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: MTTRNASDAQMTTR)

CoStar Group, Inc, a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today shared insights on the company’s plan for continued robust workforce growth in Richmond.

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.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that revenue for the year ended December 31, 2024 was $2.74 billion, up 11% over revenue of $2.46 billion for the full year of 2023. Revenue for the fourth quarter of 2024 was $709 million, an increase of 11% over revenue of $640 million for the fourth quarter of 2023. Net income was $139 million for the year ended December 31, 2024, compared to $375 million for the year ended December 31, 2023, and net income was $60 million for the fourth quarter of 2024.

CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today announced that it has acquired agricultural data company Ag-Analytics. The strategic acquisition of Ag-Analytics will specifically enhance CoStar Group’s Land.com platform, marking the company’s extension into the agricultural land sector. This acquisition will strengthen the data capabilities for farmland, forestland, recreational, and other rural properties through Ag-Analytics’ cutting-edge AcreValue platform, unlocking new opportunities for land and ag-focused institutional investors and lenders.

CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was honored on Forbes’ 2025 America’s Best Large Employers list.

Homes.com – a CoStar Group leading online residential marketplace – returns to the big game with two 30-second spots: “Not Saying We’re the Best” during the first quarter and “Still Not Saying We’re the Best” during the third quarter. These spots, directed by Taika Waititi and brand spokesperson and actor Dan Levy, alongside co-star Heidi Gardner and a special cameo by the legendary Morgan Freeman, irreverently proclaim the company’s belief: Homes.com is the best.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was recognized as a RISMedia 2025 Real Estate Newsmaker. The annual awards list honors real estate professionals who are committed to positively transforming the industry.

CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today was named as one of HousingWire’s 2025 Tech100 Real Estate honorees.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, will announce financial results for the fourth quarter and full year 2024 following the market close on Tuesday, February 18, 2025. Management will conduct a conference call to discuss the fourth quarter and full year results, as well as the Company’s outlook at 5:00 PM ET that same day.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQCSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was recognized as one of Inman’s 2025 Power Players.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQCSGP)(“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was named as one of the nation’s top ten most powerful executives in the residential real estate industry by Swanepoel Power 200 (“SP 200”).

Today, Apartments.com – an online marketplace of CoStar Group, Inc. – published an in-depth report on multifamily rent trends for the fourth quarter of 2024.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced an enterprise agreement with eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), to provide its advisors with access to the leading global real estate data and analytics platform.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will host an Investor Day on Thursday, December 5, 2024, from 9:00 a.m. to 2:30 p.m. ET in-person in Richmond, Virginia, and online via webcast. The event will feature presentations, engagement opportunities with CoStar Group’s leadership team and a tour of the Company’s global campus.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s Stephens NASH24 Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Tuesday, November 19, 2024, at 10:00 a.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s RBC Capital Markets 2024 Global TIMT Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Wednesday, November 20, 2024, at 3:20 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

CoStar Group, Inc. (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year’s KBW Fintech Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Thursday, November 14, 2024, at 12:40 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group Investor Relations website for at least 30 days: https://investors.costargroup.com/events-presentations.

Please replace the release with the following corrected version due to multiple revisions.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has completed its acquisition of lease administration and accounting platform Visual Lease. The strategic acquisition will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced an agreement with research and consulting firm Gartner to take back-office space previously leased by Gartner in Arlington, Virginia. Located at 1201 Wilson Boulevard, the building is a 552,000 square foot trophy office tower with LEED Platinum certification. CoStar Group purchased the property earlier this year with the intention of relocating its Washington, DC employees to Arlington as part of a corporate headquarters transition.

CoStar Group (NASDAQCSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that it has reached a definitive agreement to acquire Visual Lease. The strategic acquisition will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

CoStar Group, Inc. (NASDAQCSGP), 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, 2024 was $693 million, up 11% over revenue of $625 million for the quarter ended September 30, 2023. Net income was $53 million in the third quarter of 2024, an increase of 176% from the second quarter of 2024. Net income per diluted share was $0.13. In the third quarter of 2024, EBITDA was $51 million and Adjusted EBITDA was $76 million, which represent increases from the second quarter of 2024 of 320% and 86% respectively. Adjusted EBITDA exceeded the mid-point of the Company's guidance range by 54% for the third quarter of 2024.

CoStar Group stock is building up enough bullish factors to deliver a potential rally on earnings this week. Wall Street analysts see double-digit upside

Three stocks are showing signs of outlier valuations ahead of their upcoming quarterly earnings announcements, giving investors a direction to bet on