earnings
confidence high
sentiment positive
materiality 0.75
CoStar Q3 revenue $693M (+11% YoY), net income $53M (+176% QoQ), Adj. EBITDA beats guidance
COSTAR GROUP, INC.
2024-Q3 EPS reported
$0.19
revenue$2,026,800,000
- Revenue $693M (+11% YoY); net income $53M (+176% Q2); diluted EPS $0.13.
- Adjusted EBITDA $76M, beating midpoint of guidance by 54%; Q3 EBITDA $51M (+320% Q2).
- Full-year 2024 revenue guidance $2.72-2.73B (+11% YoY at midpoint); adjusted EBITDA raised to $205-215M.
- Homes.com network: 130M avg monthly unique visitors; unaided awareness rose to 33% from 4% before Feb 2024 campaign.
- OnTheMarket (UK) traffic up 212% YoY, unique visitors up 348%, listing agents up 27%.