CoStar Q2 revenue $480M (+21% YoY); raises FY revenue guide, cuts EBITDA guide due to Homes.com

COSTAR GROUP, INC.

2021-Q2 EPS reported $0.34 revenue$938,030,000

Revenue $480M (+21% YoY); net income $61M ($0.16 eps); non-GAAP net income $103M ($0.26 eps).
Net new bookings $51M (+47% YoY); CoStar Suite net new bookings up over 900% YoY.
Apartments.com traffic up 30% YoY; leads up 57% YoY; LoopNet ad revenue up 71%.
FY 2021 revenue guidance raised to $1.94-1.95B (~17% growth); adjusted EBITDA lowered to $605-615M.
Q3 2021 revenue expected $495-500M; adjusted EBITDA $130-135M; non-GAAP EPS $0.22-0.23.

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