CoStar Q2 revenue up 13% to $606M; net new bookings $82M; full-year guide trimmed

COSTAR GROUP, INC.

2023-Q2 EPS reported $0.46 revenue$1,190,272,000

Q2 revenue $606M (+13% YoY); net income $101M (+20% YoY); diluted EPS $0.25.
Net new bookings $82M (second highest quarter); Apartments.com bookings up 84% YoY.
Monthly unique visitors hit record 105M in June; Homes.com traffic up 130% YoY to 38M.
Full-year 2023 revenue guidance lowered to $2.45B-$2.46B on lower transaction volume.
Q3 revenue guided $622M-$627M; full-year adj. EBITDA $510M-$520M; non-GAAP EPS $1.24-$1.26.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COSTAR GROUP, INC. reported the quarter ended June 30, 2023 results: revenue $606 million, net income $101 million. Guidance lowered.

Period: the quarter ended June 30, 2023
Revenue: $606 million
Net income: $101 million
Guidance: lowered
Result: reported results

Exact text from the filing

a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2023 was $606 million, 13% over revenue of $536 million for the quarter ended June 30, 2022. Net income was $101 million in the second quarter, an increase of 20% over prior year. “We achieved another

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Source: SEC EDGAR

accession 0001057352-23-000108

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