CoStar Q2 revenue $536M (+12%), net income $83M (+37%); raises FY 2022 guidance

COSTAR GROUP, INC.

2022-Q2 EPS reported $0.44 revenue$1,052,133,000

Net new bookings of $84M, up 66% YoY, surpassing Q1 record; Apartments.com bookings +130% YoY.
EBITDA $140M (+5% YoY); adjusted EBITDA $159M; non-GAAP EPS $0.28 (diluted).
FY 2022 revenue guidance raised to $2.165B-$2.180B; adjusted EBITDA raised to $610M-$630M.
Cash & equivalents $4.0B; outstanding debt $1.0B as of June 30, 2022.
Company cites strong sales across CoStar, Apartments.com, and LoopNet; Citysnap launched in NYC.

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