earnings
confidence high
sentiment positive
materiality 0.85
CoStar FY2021 revenue up 17% to $1.94B; Q4 bookings record $67M; 2022 EBITDA guided down on residential investments
COSTAR GROUP, INC.
2021-FY EPS reported
$0.74
revenue$1,944,135,000
- FY2021 revenue $1.94B (+17% YoY); net income $293M (+29%); EBITDA $565M (+39%).
- Q4 revenue $507M (+14%); net income $93M ($0.24 EPS) up 160%; record net sales bookings $67M (+37%).
- Residential revenue $75M in first full year; Homesnap pro forma growth >50%; plans $300-320M investment in 2022.
- 2022 revenue guidance $2.145-2.165B (~11% growth); adjusted EBITDA $565-605M (down ~10% midpoint vs 2021).
- Ex-residential, commercial EBITDA margin ~40% in 2022, achieving long-term target a year early.