CoStar Q1 revenue $516M (+13% YoY), net new bookings record $68M, raises FY guidance

COSTAR GROUP, INC.

2022-Q1 EPS reported $0.23 revenue$515,825,000

Revenue $516M (+13% YoY), net income $89M (+20%), EBITDA $158M (+17%).
Net new bookings $68M, up 31% YoY, a record quarter.
Apartments.com sales up 36% sequentially; residential unique visitors 14M (+125% YoY).
Raises FY2022 revenue guidance to $2.15-2.17B; adj. EBITDA guidance to $585-615M.
Cash, equivalents $3.9B; debt $1.0B as of March 31, 2022.

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