CoStar Q3 revenue $557M (+12% YoY); net new bookings up 62%; raises 2022 guidance

COSTAR GROUP, INC.

2022-Q3 EPS reported $0.62 revenue$1,609,054,000

Revenue $557M (+12% YoY); net income $72M ($0.18 diluted EPS); non-GAAP EPS $0.30.
Net new bookings $76M (+62% YoY); Apartments.com net new bookings $90M YTD (+192%).
Raises FY2022 revenue guidance to $2.175-2.180B; adjusted EBITDA to $665-670M; non-GAAP EPS $1.25-1.26.
Apartments.com revenue growth accelerated to 11% in Q3; expects 16% in Q4.
CoStar revenue growth 17% on constant currency basis over Q3 2021.

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