earnings
confidence high
sentiment positive
materiality 0.75
CoStar Q3 revenue $499M (+17% YoY); raises FY21 guidance above prior view
COSTAR GROUP, INC.
2021-Q3 EPS reported
$0.51
revenue$1,437,349,000
- Q3 revenue $499M, up 17% YoY; net income $64M ($0.16 diluted EPS); non-GAAP EPS $0.25.
- CoStar net sales bookings up 57% QoQ and 566% YoY; Ten-X revenue +27% YoY.
- Full-year 2021 revenue guidance raised to $1.935B–$1.940B (midpoint ~17% YoY).
- FY21 adjusted EBITDA guidance raised to $615M–$620M; non-GAAP EPS to $1.07–$1.08.
- Cash and equivalents $3.8B, debt $988M; segment reporting change adds LoopNet and Residential.