secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001057352-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar FY2021 revenue up 17% to $1.94B; Q4 bookings record $67M; 2022 EBITDA guided down on residential investments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000105735222000022/0001057352-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000105735222000022/csgp-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001057352-22-000022

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